Dubai Opens World’s Tallest Building

Posted on 1 November, 2011 by MOVEHUT

The world’s tallest building, ‘Burj Khalifa’, named after the United Arab Emirates President, has finally opened after seven years of construction. The tower now dwarfs the previous record holder, ‘Taipei 101’ at 1666 ft, which is over 1000 ft shorter than the Burj Khalifa. During the construction years, the tower was known as the Burj Dubai, but the name was changed on completion. Although the construction of the tower is now complete, some more work is required for the inside of the commercial property.

Speaking of the name change, Sheikh Mohammed Bin Rashid Al Maktoum, Dubai’s ruler, expressed: “The tallest building ever created by the hand of man. This great project deserves to carry the name of a great man. Today I inaugurate Burj Khalifa.”

The Burj Khalifa is spread over 500 acres of land and is a whopping 2716 ft tall, stretched over 160 floors. It boasts over 500,000 sq metres of space available for office use, which will be spread over 49 floors and a total of 1044 luxury apartments. The tower also features a mosque on the 158th floor and a swimming pool on the 76th floor, as well as a hotel, offering 160 Armani branded rooms. It furthermore claims to have the world’s highest observation platform and the world’s tallest lift.

Burj Khalifa Facts
and Figures:
 

  • Cost £930 million to build
  • Has 57 lifts
  • 49 floors are dedicated
    to office space
  • 1044 residential apartments
  • Boast a 900 ft fountain at
    the bottom of the tower
  • The spire can be seen
    95km away
  • Foundations were dug
    164 ft below the ground
  • Consists of 28,261 glass
    cladding panels on the
    outer surface of the tower.

During the construction of the office and accommodation space, the Chairman of the developers (Emaar Properties) expressed the technical difficulty they fought with to complete the tower: “We have been hit with lightning twice, there was a big earthquake last year that came across from Iran, and we have had all types of wind which has hit us when we were building. The results have been good and I salute the designers and professionals who helped build it.”

However, with the construction starting before the economic crisis started, luxury apartments were initially selling for $2,700 sq ft, but are now selling for less than half. Experts warn that office space will be even harder to lease, as companies will not be able to justify paying for luxury office space in these difficult financial times.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme