Nakheel awards Dubai hotel tower contract

expat network

Nakheel awards Dubai hotel tower contract

Leading developer Nakheel has awarded a contract worth Dh819 million ($223 million) for the construction of The Palm Tower, its 52-storey, five-star hotel and residential complex on Dubai’s Palm Jumeirah.

UAE-based Trojan General Contracting and National Projects & Construction have been signed up to build the luxury landmark, which will tower almost 240 m above Dubai’s world-famous Palm Jumeirah island, said the company in a statement.

The Palm Tower comprises 504 luxury residences and a five-star, 290-room hotel with an array of dining and leisure facilities, including a rooftop infinity pool, restaurant and viewing deck. The hotel will occupy the first 18 floors of the building.

The Palm Tower residences, on sale with prices starting from Dh1.7 million ($462,724), boasts of fully-furnished studios and one-, two- and three-bedroom apartments with panoramic views of Palm Jumeirah, the Arabian Gulf and the Dubai skyline, the statement added.

According to the developer, the residents and guests at The Palm Tower will enjoy direct access to Nakheel Mall, currently under construction at the heart of Palm Jumeirah.

The luxury mall, one of 10 new, large-scale retail projects from Nakheel, will have 300 shops, cinemas, a medical centre, a fitness centre and a roof terrace offering fine dining outlets and unrivalled island, sea and skyline views, it added.

The Palm Tower will also offer direct access – via a bridge and walkways – to Palm Jumeirah’s beach clubs, including Nakheel’s Club Vista Mare and Palm Promenade West Beach projects.

The Palm Tower is one of 10 hotels being constructed by Nakheel as part of its expansion into the hospitality sector. Others are located at Deira Islands, Ibn Battuta Mall and Dragon City.-

Link & Source: Trade Arabia

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.