A revival of the archipelago luxury community?

It’s relatively quiet for UAE in the news, save for one Bloomberg feature on the Sajwani siblings, the heirs of the Damac business, and their efforts to revive a more than a decade-old plan to develop an artificial archipelago — “The World” island — into luxury beachfront real estate through their own venture, Amali Properties. Plans to develop the island had stalled following the property market correction in Dubai in 2008.