By IBTimes Staff Reporter from International Business Times.

Chanel designer Karl Lagerfeld, who is renowned for his passion for art, has finally translated his architectural dreams into reality by signing a few limited-edition homes at Isla Moda, the world's first fashion luxury island, in Dubai.

German designer Lagerfeld appears at the end of his Spring/Summer 2011 women's ready-to-wear fashion collection for French fashion house Chanel during Paris Fashion Week.  Dubai Infinity Holdings, an investment enterprise is launching this unique project in a bid to fulfill "unmet market needs".

"Dubai is a fashion bud on the verge of blossoming into the next fashion hub of the world ... Isla Moda has tremendous potential to be the style icon of the future and I intend on driving the island to high style stardom. Isla Moda has tremendous potential to be the style icon of the future and I intend on driving the island to high style stardom," said Karl in a statement.

Karl Lagerfeld is using his designing instinct and his flair for avant garde concepts as the blueprint for this construction.  Isla Moda has become the center of attraction of every crème de la crème of the fashion industry as it is likely to house a a number of luxury residential villas besides a fashion hotel.

All villas and villettes are designed in such a manner that a unique living experience is offered. There are also plans to host high-profile fashion shows and limited edition product launches at the place once the project gets completed by 2014.  Find out more about the location, The World, Dubai.