VCBank owns a 900,000 square-foot island plot in The World, an iconic residential and leisure community located off the coast of Dubai, UAE. The land is free of any commitments and obligations, and has substantial built-in value comprising project studies, detailed designs and regulatory approvals. The Company plans to develop a high-end residential and leisure community comprising 122 individually-designed and carefully-zoned residential units, ranging from junior suites to four-bedroom signature villas, with canal-side or waterfront settings.