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Again….The Tallest Building in the World is Being Built in Dubai


04/11/2016


Again….The Tallest Building in the World is Being Built in Dubai
Set to rise slightly above the Burj Khalifa that currently holds the title for the tallest building of the world, Dubai’s flagship developer Emaar Properties on Sunday unveiled plans to construct the world’s tallest tower in the Middle Eastern emirate.
 
By often pursuing futuristic megaprojects such as artificial islands off its coast or an indoor ski slope, Dubai has often underlined its ambition to establish itself as a global investment and tourism hub and the announcement by Emaar underscores that attitude of Dubai.
 
By the time Dubai hosts the World Expo fair in 2020, the tower which won't be for residential use but contain an observation deck and possibly a small hotel is being aimed to be delivered by Emaar. A yet-to-be built 6-square-kilometer residential and retail district next to Dubai’s creek and adjacent to a wildlife sanctuary would be the spot where the tower would be built.
 
“It [the height] will probably be announced when we open the tower but it will be a notch taller than the Burj Khalifa,” said Mohamed Alabbar, chairman of Emaar, at a preview event.
 
The Burj Khalifa, also built by Emaar and the current tallest building in the world tops out at 828 meters.
 
A Spanish-Swiss architect who also worked on the railway station at the rebuilt World Trade Center site in New York, Santiago Calatrava Valls, is the designer of the tower and the potentially tallest building in the world ha sbeen named as “The Tower”. According to Emaar, the spire-like structure next to a mosque usually used for the Muslim call for prayer – a minaret, is the inspiration for the design of the tower.
 
There seems to be race between the United Arab Emirates and Saudi Arabia for building the world’s tallest tower after the announcement was made for the new project. The world’s future tallest skyscraper, which will comprise condominiums, office space and hotel rooms are expected to be opened by the Jeddah Economic Co. by 2019 and will cost around $1 billion. Alabbar said the plan was to create an 'elegant monument that will be celebrated by the world'.
 
After strongly rebounding from a devastating real estate crash that hit the region with the global financial crisis in 2009, over the past year Dubai’s property market has lost some of its luster and the plan of Emaar comes as  signal that the property market is trying to get back to its old glory.
 
 “Cycles happen in all economies, in all cities world-wide,” said Mr. Alabbar.
 
Development in downtown Dubai, a neighborhood that is now prime real estate was spurred after the completion of the Burj Khalifa in 2010. The Burj itself has become a tourist attraction and the city’s most marketable landmark.
(Source:www.wjs.com) 


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