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A Dubai government firm has announced plans to build a $95bn city in the emirate – which will include the world’s tallest tower. But investors are concerned that the property bubble in Dubai could burst, amid concerns over the long-term performance of financial markets in the Middle East. Hashem Ahelbarra reports.
The name of this building was recently changed to the Burj Khalifa right at the time of its launch last month.
The reason for the name change was that Dubai wanted to show how appreciative it was for the financial aid it had gotten from Abu Dhabi, which is a country right next to them that gave a lot of help last year when the economy of the world was at a crisis level.
Now then, this building is quite special in that it is not like any of the other landmarks that are in the world. Chances are that you have seen something about it on the news, but we will discuss a few of the reasons why it is indeed the most unique building that our world has ever seen.
What’s incredible about this landmark is the fact that over 160 floors of space occupy it, all with the ability to be lived in. As I’m sure you could imagine, this would cost a lot of money and the price tag of $2,000 per square foot is no laughing matter.
You read that right – nearly 4 million dollars is what an apartment that is 2,000 square feet would have been sold for. Luckily, the prices have gone down considerably to about half of that, but, WOW, that is some majorly expensive real estate!
Along with restaurants and other types of commercial space, a lot of floors will be for offices.
Inside the Burj Khalifa will also be a world class hotel that was designed by Giorgio Armani. There will also be a swimming pool on the 76th floor that makes it the world’s highest swimming pool, as well as a mosque on the 158th floor that makes it the world’s highest mosque.
The security of this structure is yet another astounding feature, unlike anything that has ever been seen in any building prior to this. Special floors that have their very own air supplies and unique compositions that make them quite fire-resistant are at every 25 to 30 levels.
Our world is certainly a much better place with the Burj Khalifa in it. It is a brand new architectural era that has arrived. Behold the future of skyscrapers.
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