Nakheel awards $122m Deira Islands bridge contract Dubai

expat network

Nakheel awards $122m Deira Islands bridge contract Dubai

Master developer Nakheel has signed a contract worth AED66 million for a spectacular, choreographed fountain at The Pointe, its new, AED800 million waterfront dining and entertainment destination on Dubai’s world-famous Palm Jumeirah.

The developer has appointed one of China’s largest fountain specialists, Beijing Water Design, to deliver and operate the fountain, which will cover a 12,000 square metre area of water at the tip of the island, across the bay from Atlantis The Palm.

Speaking at the signing ceremony at Nakheel’s Dubai headquarters today, Nakheel Chairman, Ali Rashid Lootah, said: “Palm Jumeirah, our flagship project, is already one of the most popular, sought-after destinations for Dubai’s residents and tourists. The Pointe, our latest addition to this ever-evolving island, is an iconic, must-see attraction that adds a new dimension to the city’s dining, retail and entertainment scene.

“Today’s signing is a major milestone for The Pointe, as it means work on its centrepiece – the fountain – is now underway, and we are one step closer to delivering this eagerly-anticipated destination.”

Operated by Nakheel Malls, the retail arm of Nakheel, The Pointe features nearly 70 restaurants, shops and attractions, with F&B making up some 70 per cent of the concepts on offer. There is also a cinema, children’s play area, supermarket, gyms and beauty salons.

Located five kilometres out to sea, The Pointe enjoys cool sea breezes and stunning views. Its 1.5km promenade is a destination in itself for residents and tourists to unwind at one of Dubai’s most iconic locations, or snap the perfect holiday pictures against a stunning backdrop.

The Pointe has a car park for 1,600 vehicles, and will have its own Palm Monorail station. There are also plans for boat access from Palm Jumeirah’s hotels and resorts.

Source: www.nakheel.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.