Burj Dubai tallest building inaugurated today
Company Info February 19th, 2010
Burj Dubai, tallest building in the world who tilled by property giant Emaar company, plans to open today in the midst of world economic conditions are still in the recovery phase.
Building height is 800 meters altitude beat Taipei 101 Tower (508 meters), which holds the record for the tallest building in the world. This prestigious project was designed with a unique architecture, forming a needle and will be supplied with a variety of alternative energy.
However, the level of occupancy of the building’s office space is still on the level of 75% will be challenges for investors and building managers. Apartment prices in the Middle East that had soared in 2008 and then declined almost in half last year also indicates that the Middle East property market is still sluggish.
“Consumers are buying with the intention to rent will face a difficult time, because very few companies today can pay a premium for something fancy,” said Roy Cherry, an analyst at Shuaa Capital PSC, today.
Building the Burj Dubai skyscraper of 160 floors, with an area of 330,000 square meters, which was built with 31,400 tons of steel. Grandeur of this building can be seen from distances of up to 95 kilometers. The building is equipped with 57 elevators for residents of the building consisting of 1044 apartments, 49 floors of offices and hotels bearing the Giorgio Armani logo. Skyscrapers are a Y-shaped design, the design architect Adrian Smith.
For building designers and developers, the inauguration of this building marks a new chapter in the property industry and the world of architecture. Building height to more than 800 meters will encourage other developers to create giant building higher up to 1 Km.
