Dubai

Nakheel out to make a ‘Pointe’ with AED800m project

Nakheel out to make a ‘Pointe’ with AED800m project

26 May, 2015

GULF NEWS

Completion of The Pointe, a project located on the Palm Jumeirah that could well become Dubai’s priciest waterfront-based dining and entertainment strip, is set for the first quarter of 2016, according to Nakheel, its developer. Construction has already crossed the 30 per cent mark, while on the leasing side more than 100 outlets out of the 145 available have been taken up. The 1.2km project, which is located right on the tip of the island and across the bay from Atlantis The Palm, is expected to cost AED800 million. The Pointe could attract between 40,000 to 50,000 visitors a day in its first full year of operations, according to a senior Nakheel official. Of this, 60 per cent could comprise tourists staying at hotels on the Palm.


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