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Worlds Tallest Building, Burj Dubai Final Height Fails to Meet 900 meter Target

Housing-Market / Middle East Jul 14, 2009 - 03:25 AM GMT

By: Pravda

Housing-Market

Burj Dubai, the tallest building in the world, will be opened in United Arab Emirates in December of this year with a three-month delay, The National newspaper wrote with reference to Emaar Properties, the company that builds the tower.


Arab media reported in January of this year that the official ceremony to open the world’s tallest tower was scheduled for September 9. The opening of the skyscraper has been delayed over the need to complete exterior and interior works. The tower reached its final height – 818 meters – in January of 2009.

Burj Dubai was supposed to be 900 meters high, whereas the construction of the tower was supposed to be completed in 2008. It was later decided to push the opening back due to the change in interior designs.

Burj Dubai, a supertall skyscraper under construction in Dubai, United Arab Emirates, is the tallest man-made structure ever built. The total budget for the Burj Dubai project is about US$4.1 billion, and for the entire new "Downtown Dubai", US$20 billion, according to Wikipedia. Mohamed Ali Alabbar, the CEO of Emaar Properties, speaking at the Council on Tall Buildings and Urban Habitat 8th World Congress, said that the price of office space at Burj Dubai had reached US$4,000 per sq ft (over US$43,000 per m2) and that the Armani Residences, also in Burj Dubai, were selling for US$3,500 per sq ft (over US$37,500 per m2).

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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