Fifa WC 123 floors high at Burj Khalifa

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The 2014 Fifa World Cup was showcased on the 123rd floor of the world’s tallest building – the Burj Khalifa – when official partner Visa, put on show the symbol of world soccer supremacy during a special presentation. The initiative to showcase soccer’s biggest prize is one of several events being hosted by Visa to promote the sport within the GCC.

Burj Khalifa – a bleak symbol of Dubai’s era of bling

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Dubai defies logic. Skyscrapers rear up out of the pitiless desert where, a generation ago, there was only wind-blown litter. This city-state confected from subsistence has now witnessed the opening of the world's tallest building – the Burj Khalifa, steel-ribbed, glass-clad and completely unsustainable.

Were you excited about the opening of Burj Khalifa on Jan 4?

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More than 2 billion people are estimated to have seen the glittering, colorful ceremony that marked the opening of the world’s tallest building in Dubai on January 4. The height of the building, which was renamed Burj Khalifa during the inauguration by Dubai’s ruler Sheikh Mohammed Bin Rashid al-Maktoum, was revealed to be 828 meters.

Dubai’s realty check

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Given that he’s talking from a stylish ballroom in the first ever Armani Hotel, within the Burj Khalifa — the tallest and one of the most talked about buildings in the world — it’s hard to argue.

Emaar seems to be building up steam

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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.

Developers exposed abroad

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Construction companies that aggressively moved to diversify into other countries during the downturn in Dubai property have seen their shares sold heavily due to the political turmoil in the Mena region. Egypt has become a key market for several UAE builders. Emaar, best known for constructing the Burj Khalifa - the world's tallest building - in Dubai, now has projects valued at Dh4.2 billion (US$1.14bn) in Egypt, about 15 per cent of its book value.

Dubai Expo 2020: Homes, hotels, golf course and mall deal for Burj Khalifa developer

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Jones Lang LaSalle said in a report that the Expo 2020 win would likely be a catalyst to Al Maktoum International Airport, which started its passenger services in October.

Urban art flourishes in Dubai’s dusty industrial zone

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A dusty industrial zone in flashy Dubai has become an unlikely home for a flourishing underground art scene that has grown even as the emirate's fortunes declined, curbing appetites for extravagant pieces. Al Quoz, home to stark warehouses and a huge cement factory in the shadow of the world's tallest building, the Burj Khalifa, is a far cry from the glitz and glamour that has come to be associated with Dubai.

Tycoon says no plans to sell Burj Khalifa party pad

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The CEO of NMC Group, the UAE-based healthcare provider, said he has no plans to sell his Burj Khalifa apartments while Dubai’s real estate market remains uncertain. Multimillionaire entrepreneur BR Shetty paid AED45m ($12.7) for two floors of the world’s tallest tower, including the 100th floor, but said he mainly uses the space to host parties.

Armani Residences defy 70% Burj Khalifa price drop

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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.