As of spring 2012, more than 5,000 residents have already moved in.
When construction completes by 2015, the island will have room for 41,000.
The islands design also resemble a string of pearls.
These include brands like Giorgio Armani, Hugo Boss, Roberto Cavalli and Elie Saab.
There will also be a Venice-like community with extensive canal system, pedestrian-friendly squares and plazas and beachfront townhouses.
There is even a replica of Venices Rialto Bridge.
It is now believed the project will cost $15 billion upon completion.
Also see:Dubai’s Enormous The World Artificial Archipelago
Sources:Wikipedia/UDC Qatar/Google Sightseeing