Los Angeles, Jan 30 (AZINS) Actors Johnny Depp and Amber Heard will reportedly tie the knot on his private island in the Bahamas next week.

Depp and his 28-year-old fiancee got engaged in December 2013 after a year of dating and are planning for their nuptials on his island over the weekend of Feb 7 and Feb 8 in front of just 50 guests, reports pagesix.com.

The accommodation on the 45-acre Little Hall's Pond Cay island is so limited that many of the guests -- which will include the bride's family and Depp's two children from his relationship with Vanessa Paradis, Lily-Rose, 15, and 12-year-old Jack -- will be staying on the 51-year-old actor's yacht during the celebrations.

The couple is said to have chosen the date because of their hectic working schedules.

"She's filming a movie in London, and he's getting ready to film the next 'Pirates of the Caribbean' in Australia. So this is the only time that everyone could get together," said a source.

Heard will wear a dress designed by Stella McCartney for the wedding ceremony, the insider claimed.