Try crowning the fashion capital of the world -- cases can be made for London, Milan, Paris, or New York. But a collaboration between Karl Lagerfeld and a Dubai developer is looking to seal the deal for the burgeoning emirate. With a little help from Lagerfeld, "Isla Moda" will literally serve as the fashion capital of The World. One of the islands in Dubai’s global-replica island chain will feature a collection of 80 “limited edition” homes designed by Lagerfeld. Say hello to haute real estate. “Isla Moda has tremendous potential to be the style icon of the future," says Lagerfeld, "and I intend on driving the island to high style stardom.”