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Burj Dubai One Kilometre High Property Crash White Elephant?

Housing-Market / Middle East Apr 03, 2009 - 02:00 AM GMT

By: Pravda

Housing-Market World's highest skyscraper Burj Dubai, which Emaar Properties builds in Dubai, will be open for public access in September 2009, RIA Novosti reports with reference to the press service of Downtown Burj Dubai.

The tower already rises 780 meters high into the sky (160 floors), but its final height will not be exposed until the construction is completed. The tower may reportedly reach the height of one kilometer by September.

A special construction was designed to guarantee the stability of the tower: each level of the tower is dislocated clockwise from the axis.

Burj Dubai will house a luxury hotel and Armani apartments. They will take a part of the building from the 9 th to the 16 th floor. Conventional apartments will be made from the 16 th to the 120 th floor. The cost of Burj Dubai apartments (from 60 to 85 square meters) starts from $3.3 million.

The office part of the tower begins on the 120 th floor. About 6,700 m2 of office space will be available at $114 million.

Nearly all offices in the tower have already been sold, although the 127 th and the 135 th floors are still vacant.

The first metro line of Dubai (70 stations) will be launched simultaneously with the skyscraper.

The construction of Burj Dubai began in 2004. The skyscraper has already become the highest building in the world in spite of the fact that it has not been completed yet. The previous record belonged to the 628-meter-high KVLY-TV tower in the United States. Investments in the construction of the skyscraper exceed $1 billion.

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.

Pravda Archive

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04 Apr 09, 00:37

I want to visit dubai for looking this tower alone.Burj Dubai is going to be world class tourist attraction.

05 Apr 09, 10:46

The burj is 818 meters high and will not be growing any higher.

09 Apr 09, 05:57
A bit higher...

Technically speaking it could grow a little higher. They incorporated several underground floors in the design. In the even of a rival pipping the current height of 818meters, they can excavate these floors and the Burj will grow a little more! But you are correct otherwise, and the moron who wrote this article clearly has done their research very well. No offense

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