Chinese tycoon buys Dubai island
HANGZHOU – A Chinese businessman has confirmed to Xinhua news agency on that he has bought an artificial island in Dubai for US$28 million.
Hu Bin, developer and director of the Shanghai Zhongzhou International Holding Group, bought the 40,000 sqm Shanghai Island, part of “The World” development in Dubai, which comprises 300 islands made from reclaimed land in the shape of the world map.
Hu told Xinhua that he planned to spend heavily in the next three years to build hotels and villas on the island and turn it into a tourist resort.
The resort would also include canals and buildings resembling Shanghai’s landmark areas like the Huangpu River, the Bund and the Lujiazui financial district, he added.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt