Right at the start of 2010, with much fanfare and fireworks, the world's tallest man-made structure was officially opened. The Burj Khalifa was one of the most anticipated, watched and reported on construction projects of all time and its opening is also ranked as the best moment so far, in the tenure of Hyder Consulting's regional managing director Wael Allan.
Tameer Holding Investment on Sunday said the world's tallest residential tower will be completed in December. The property developer said its Princess Tower project in Dubai was on schedule and the superstructure of the project was now complete. The tower will rise to 414m (1,358ft) and will be second only in height to the Burj Khalifa.
Italian design house Armani Group has denied it is planning to open a third branded hotel in Russia, under a joint venture deal with Dubai’s Emaar Properties. The design company, which launched its first branded hotel in Dubai’s Burj Khalifa in April last year, spoke out after press reports claimed it had signed a $150m deal to open a property in the Russian resort of Stavropol.
Fino International said on Sunday it was nearing the end of its 33 month project to fit out the Burj Khalifa’s corporate offices, public lobby and Armani Hotel & Residences.
No great surprise here. The Burj Khalifa burst onto the international scene at the beginning of this year with a massive fanfare, fireworks and festivities at the dawn of the new decade after a much anticipated build. The fanfare wasn't without merit: the building smashing almost every record - and by a considerable margin. What's not commonly known is that the Burj actually bagged several world-topping records when it was opened (see below), and set new heights for others to attempt to surpass.
Armani-branded residences in the Burj Khalifa are comparatively holding their sale value, despite other apartments in the world’s tallest tower seeing price declines of more than 70 percent, real estate brokers have said. Average sale prices for the tower’s 144 luxury Armani Residences are valued at AED4-5,000 per square foot; at their minimum, almost double the AED2,800 per sq ft commanded by the remainder of the skyscraper’s 900 apartments, said Catherine Clarke, head of residential valuations at real estate consultancy firm Colliers International.
The PlayBook, which was showcased at a launch event at Dubai’s Armani Hotel, was released in the US on April 19. Canadian makers Research in Motion (RIM) were forced to recall around 1,000 of the devices in May after they were shipped with a flawed operating system.
British engineering firm Hyder Consulting said on Tuesday that it was on track to beat profit forecasts in its full-year results, despite still being owed GBP9.4m ($14.9m) by Dubai clients.The company, which advised on Dubai’s Burj Khalifa project, said it was poised to report full year revenue and operating profit “slightly ahead” of market expectations, after absorbing operating costs of around GBP3m.
As the Burj Khalifa lit up the Dubai sky with fireworks in the early hours of 2011, the world’s tallest tower was days away from another anniversary – its first birthday. From his office on the 42nd floor of Emirates Towers, Eric Tomich wouldn’t have been able to see the fireworks, because although the southern side of the twin towers commands excellent views of the Burj Khalifa, Tomich’s office faces Sheikh Zayed Road and Dubai Creek.
It added that the total hotel supply increased to around 46,000 rooms as of Q2 2010, up eight percent since the end of 2009, following the completion of projects including the Armani Hotel and the Sofitel and Movenpick hotel on Jumeirah Beach.