This morning, The National reports that <b>Meraas Development</b> is "moving ahead" with its signature project in Dubai. ( ) You may recall the name Meraas from Cityscape Dubai last year, where they announced the Dh350bn (US$95.2b) <b>Jumeira Gardens</b> project. It turned out to be the last hurrah of the five-year property boom and the company disappeared as quickly as it had arrived. Now, a year later, Meraas is planning to change the order of development and focus on select areas that could still sell in a slower market. And - surprise - that includes a manmade island off the shore of Dubai called East Bay Island where Meraas would build high end villas. <b>Tony Owen Partners</b> in Australia won a bid last year to design the villas. Here are three of the renderings for your viewing pleasure.