READ MORE: Emaar's $1bn Dubai tower
to be taller than Burj Khalifa
is world's tallest residential building
With Dubai's infrastructure including state-of-the art air terminals, excellent roads and top hotels, the emirate's projects have featured Dubailand which is projected as "the Disneyland of the Middle East", Burj Khalifa (formerly called Dubai Tower
) which is the tallest building in the world, the Palm Islands development, a light rail transport system for a population to reach 3m and to have 360,000 cars by 2020, a Dubai Festival City, and the list is endless.
Al Kulli pointed out that despite being hit by the bursting of the real estate bubble in Dubai amid the global financial crisis in 2009, projects such as Dubai Tower
and Dubai Mall became a reality.
And it will only be dwarfed by the 800-meter Burj Dubai Tower
and 632-meter Shanghai Center Tower.
airport's Terminal I, Al-Karama, Burj Dubai (Dubai tower
), Dubai Internet
Even after developers canceled billions of dollars worth of projects, enough new buildings will come onto the market this year to push down prices further.The Dubai tower
Aois the most expensive square footage in the region and IAAEm not sure in the current downturn that will translate into strong residential or commercial demand, despite the prestige factor,Ao Masud said.The residential part of the building will have fitness facilities, a library, a cigar club, valet parking and a gourmet market, according to the towerAAEs Web site.
The Burj Dubai tower
officially opened yesterday, six years after construction began on the $4.1 billion, half-mile-high skyscraper.
"The Kurdish Globe" was the only Iraq-based media outlet officially invited to the VIP area.The launch of the tower, previously called the Burj Dubai (Dubai Tower
in Arabic), was exactly at 8.28 p.m.-a time matching the height of the mega structure (828 meters).
SOARING half a mile into the sky, the Dubai Tower
may be the tallest building in the world.
It was long referred to as the Burj Dubai -- Arabic for the Dubai Tower
. But the name was secretly switched and unveiled to the public as the Burj Khalifa -- after the emir of Abu Dhabi and UAE president Sheikh Khalifa bin Zayed Al Nahyan.Aa
Burj Dubai - which means "Dubai tower
" in Arabic - has taken 12,000 labourers six years to complete.