His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Sunday praised the level of preparations and the persistent efforts of the Higher Committee to Host the World Expo 2020 and expressed confidence in their ability to make this national quest a reality.
In January, for example, Emaar flipped the switch at the gala opening of Burj Khalifa to reveal the final height at 828 metres, making it the highest freestanding structure in the world as recognised by the Guinness Book of World Records. In June, Abu Dhabi's new Capital Gate Tower was also recognized by Guinness as the world's furthest-leaning tower with an 18-degree slant compared to the Leaning Tower of Pisa at four degrees.
Gulf Finance, a UAE based boutique finance company, believes that the 3rd Arabian Business Forum held recently at the Armani Hotel, Dubai, served as the perfect platform for the regional business community to discuss new market opportunities even as the economy steadily recovers from the consequences of the global financial crisis.
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.
Renting an apartment in Burj Khalifa, the tallest tower in the world, is now more affordable as studios are being leased for Dh80,000 a year compared to Dh110,000 in August. "As property prices have declined in the UAE, Burj Khalifa is no exception. However, units owners are hanging on to their investment and preferring to lease than sell at lower prices," Adam Farani, Burj Khalifa specialist, Better Homes, told Emirates 24|7.
Harbouring most of the world’s architectural wonders such as the tallest building in the world—the Burj Khalifa with 168 floors, the only seven-star hotel in the world—Burj Al Arab, one of the world’s largest shopping malls—Dubai Mall, among others including the New Metro, Dubai is unarguably, the world’s most glamorous tourism destination.
Panorama at The Views features one, two and three-bedroom apartments and three and four-bedroom duplex units. Generous balconies and rooftop terraces add to the comfortable and relaxing lifestyle that awaits residents. Other features include floor-to-ceiling picture windows in the living rooms and bedrooms, state-of-the-art kitchens and elegantly accented bathrooms.
The company best known for developing the world's tallest tower, the Burj Khalifa, gained more than 9 per cent in the last three trading days of the week, closing at Dh2.68 per share yesterday. However, that is still about 50 per cent below the company's book value of Dh5.10.
High-flying businessmen will be able to host their board meetings on the uppermost floors of the Burj Khalifa when the commercial space opens this year. Emaar Properties has reserved 10 per cent of the space in the tower for its own use, including three floors at the top that it will rent out for events and meetings, the chairman Mohamed Alabbar said last week.
Fino International managing partner Talal Saeed describes fitting out the Armani Hotel and the private offices of Emaar as "enlightening". Working on the interior fitout of the Burj Khalifa was both "enlightening" and "surprising," according to Talal Saeed, managing partner of Fino International. The four year old, Dubai-based interiors specialist was appointed to work on three separate areas of the world's tallest building.