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Engineering discipline
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.
Dubai’s realty check
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.
Dubai beach hotel rates twice those of city locations
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.
More to come
MBR technology is benefiting from the increasing reuse of wastewater in the region. But for MBR to supercede the conventional activated sludge process, membrane costs will have to come down, and the full potential of the technology needs to be realised.
Sustainable by design
When the Burj Khalifa opened with a dazzling fireworks display earlier this year, the tower was hailed as a marvel of modern engineering, which it certainly is. However, it is also an excellent example of sustainability at work.
The dream builder
In less than six months, Mohammed Alabbar has delivered two of the world’s most eagerly awaited projects. How did he do it? The iconic Burj Khalifa tower opened in January, and four months later came the first ever Armani Hotel, built within the tower.
Burj Khalifa unit reselling seen up 30% in 2010
Liz O’Connor, director of residential sales and leasing at Better Homes said that she has seen some distressed sales entering the market, especially as the final payments on properties becomes due.
“There are some distress sales in the market… We have seen secondary Burj Khalifa properties coming on line; for many owners the final installment is due to be paid shortly which is promoting some to sell,” said O’Connor.
VIDEO EXCLUSIVE: Inside Burj Khalifa apartments
The first residents have moved into the Armani Residences inside Burj Khalifa, the world’s tallest building. Emaar Properties, the developer of the mixed-use tower, has handed over homes to buyers of the designer apartments and one of the new residents, Sarah Belhasa, has shown Arabian Business TV around her home.
Two of a kind
Giorgio Armani has built one of the world’s greatest fashion empires and bagged over $5bn along the way. Mohamed Alabbar turned Emaar into one of the world’s biggest property developers. So what happened when both men met in Milan? Anil Bhoyrul talks to the two icons.
Inside Dubai’s Armani Hotel
Giorgio explained the was surprised when Mohammed Alabbar asked him to do this hotel project in Dubai. “My thinking is less is more, and Dubai was being called the Las Vegas of the desert. I couldn’t understand why he wanted this hotel in Dubai.” Alabbar himself told me it took “two years” to persuade him to sign up!
