The 64 million sq ft Business Bay is set to become home to about 191,000 people across 240 towers when completed. “The location they are in right now gave them such a favourable rate it is actually cheaper to rent than to fit out a new office so we said we will wait for a couple of years,” Lufti said.
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.
More than $6bn worth of hotel projects are due for completion in the Middle East by 2013 but greater emphasis is being put on sustainability, an industry expert said on Sunday. The Hotel Show will place at the Dubai World Trade Centre on May 17-19, with 400 exhibitors representing 25 countries.
The chairman compared Jeddah Gate with the Burj Khalifa, the world’s tallest tower built by Emaar in Dubai. “The two projects both began in May 2005,” he said. “Burj Khalifa was opened, while Jeddah Gate is still under construction.”
Saudi Arabia will help China build a $1.3bn luxury hotel modelled on Dubai’s Burj Khalifa, according to newspaper reports from Beijing. The People’s Daily Online quoted a senior official as saying that graphics and planning of the ‘seven-star’ hotel had already been completed. The announcement was made at a press conference on Wednesday.
Dubai-based interiors contractor Depa Ltd fell into the red in the first half of the year due to an outstanding claim relating to a project, it said on Thursday, sending its shares lower. Depa said in a statement it made a net loss of 103.6 million dirhams ($28.21 million) due to a claim relating to Burj Khalifa, the world's tallest tower in Dubai.
Renowned for completing the interior design and fit-out of such famous landmarks as the world's tallest building, the 828 metre Burj Khalifa hotel in Dubai, and the Four Seasons hotel in Sharm El Sheik, Egypt, Depa said it is now aiming to enhance its position in the European market.
The 2010 outlook excludes the impact of a claim relating to Burj Khalifa, the world's tallest tower in Dubai, the statement said. The company had made a net loss 103.6 million dirhams in the first half of the year due to the Burj Khalifa claim, it said in August. The firm said it is positioned for about 20 percent growth in 2011 and 2012. It is also expanding into new territories like Yemen, Angola and Abu Dhabi.
The shops in Dubai Mall that were forced to close following a leak in its huge aquarium on Thursday, opened back to normal business on Friday. According to The National daily, the viewing tunnel running through the middle of the 10 million-litre tank remained closed.
She went on, of course, to design some of the most iconic hotels in the world. Other projects on the board include the Conrad Haipang Bay Resort in Sanya, China, Park Hyatt Saadiyat Island, Shangri-La Hotel Mumbai, India, Armani Hotel via Manzoni in Milan, Italy, St Regis Doha, Qatar, Four Season Cairo, Egypt, Shangri-La Bangkok, Thailand, St. Regis Zhuhai and the Four Seasons Tianjin.