wellness resort on an island in "Siberia". Pearl Dubai paid US$27.2 million for a island nearby. 28 December 2008: Turkey Island was bought by MNG Holding in June 2008 for US$19 million. 28 December 2008: China's Zhongzhou International announced that it will be developing a hotel resort on Shanghai island. 28 December 2008: Nakheel said 70 percent of The World had been sold. October 2009: An Emirates Business report on 13 October 2009 that 2 islands were sold in July and August 2009. December 2009: Dubai based Kleindienst Group said they would start construction of the Heart of Europe in early 2010, according to a press report of 17 December 2009. Islands include Austria, Germany, Netherlands, Ukraine, Sweden and Switzerland. January 2010: On 28 January 2010 Emirates Business reported that Major Trade had started development of their projects on an island in the Greenland area, a villa and hotel resort. 23 February 2010: Dubai-based Kleindienst Group started work on the Germany island of The World, according to a press release on 24 February 2010. 17 July 2012: The Royal Island Beach Club opened on Lebanon Island. 6 May 2013: Nakheel announces that an out of court settlement has been reached between itself and developer Kleindienst Group, allowing construction on "The Heart of Europe" to resume. 10 June 2013: Construction began on the island Taiwan. 2 July 2013: Nakheel announces that settlements "with São Paulo Development Ltd for São Paulo Island and a GCC investor for the purchase of Nord Island", totaling "AED 185 million", along with the earlier out of court settlement with Kleindienst Group (valued at AED 622 million) have "put The World back on the map". 10 December 2013: Nakheel announced plans to connect the islands with a road. January 2014: Kleindienst Group's JK Properties announces that "work has commenced on The Heart of Europe". January 2014: Website "The Heart of Europe" publishes monthly construction updates for the project. February 2014: JK Properties announces that the "Heart of Europe" islands construction is "well underway". 7 December 2016: The Heart of Europe project makes major progress when the Dubai-based company JK Bauen, part of the Kleindienst Group, appointed Chinese-based companies Wuchang Ship Building Industry Group and Sino Great Wall International Engineering in a joint venture to develop facilities on the six islands. See also List of developments of The World (archipelago) OQYANA Palm Islands The Universe Dubai Waterfront Tourism