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From the press-release:
The fountain on Burj Dubai Lake is more than a visual spectacle that adds to the aesthetics of Downtown Burj Dubai. It is an engineering marvel and will further contribute to Dubai’s rich array of tourist attractions.The fountain is positioned next to Burj Dubai, the world’s tallest building, and The Dubai Mall, one of the world’s largest shopping and entertainment destinations. As I have said before, these fountains are yet to be named, and a cash prize of $27,225 will be given to the person who suggests the perfect name for this water fountain project.
This fountain project is scheduled to be operational in 2009!