Nakheel awards Van Oord Deira Islands deal

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Nakheel awards Van Oord Deira Islands deal

Master developer Nakheel said that it has appointed marine engineering contractor Van Oord to deliver 23.5km of coastline and breakwaters at Deira Islands in a deal worth $149.7 million.

The contract includes beaches, quay walls, rock edges and breakwaters at Deira Islands, its new, 15.3 square km waterfront city in Dubai which Nakheel is transforming into a hub for tourism, living, retail and entertainment.

The two-year contract – stage one of Nakheel’s water edge delivery programme at Deira Islands – includes 8.5km of beaches, 3.5km of quay walls and 9.5km of rock revetments at two of the four Deira Islands.

The work includes a 4km stretch of waterfront, big enough to accommodate more than 500 yachts and boats, at the 4.5 million square metre south island. Van Oord will also build 2km of breakwaters to protect the newly-created basin and beachfront.

Nakheel has previously hired Van Oord for dredging and coastal work on Palm Jumeirah and The World which added 300km to Dubai’s coastline. Deira Islands will add another 40km, including 21km of beachfront.

Deira Islands, one of several Nakheel developments underway, will feature hundreds of new hotels, serviced apartments, mixed-use buildings and marinas.

Nakheel itself is developing a significant chunk of the south island with a host of new attractions including Deira Islands Night Souk, Deira Mall, and Deira Islands Towers and Boulevard.

Source: Arabian Business

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.