Occupancy level 70% in Downtown Dubai
Deborah Staines, Residential Sales Consultant, Head Office, Better Homes, told Emirates Business: "We estimate that around 70 per cent of the apartments in Downtown Dubai are occupied, though we understand that demand exceeds supply within the development. Occupancy has definitely increased since rentals have became more affordable."
One month on, Burj Khalifa observation deck still closed
As Playmrn Balgoev lined up the world’s tallest tower in his camera’s viewfinder, he wondered what Dubai looked like from the 124th floor of the Burj Khalifa. Unfortunately, the 27-year-old tourist from Bulgaria will leave the emirate without finding out.
Now a Burj Khalifa replica from 160,000 phone cards
A Dubai resident has built a replica of the Burj Khalifa out of 160,000 phone cards. Manoj Khira spent over Dh110,000 over the last six months reconstructing the world's tallest building.
Dubai property market: Riding on the crest of tourism and favourable land laws
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.
Burj Khalifa glitch: The door at the top still remains shut
Almost four weeks after its sudden closure on February 6, the observation deck at the world's tallest tower is yet to reopen. While staff at the booking counter at the Burj Khalifa were seen telling guests on March 1 that At the Top on the 124th floor would be reopened within a week's time, an official statement from the tower management maintained that it continued to be shut down for maintenance.
Dubai: Inside the world’s tallest building
More than a dozen of us filed into the dark elevator, ready to be whisked up 1,483 feet to the observation deck of the newly minted tallest building in the world. The smooth 60-second ride delivered us to the Burj Khalifa’s 124th floor. People of all ages were making their way around the viewing platform’s floor-to-ceiling windows, soaking up the 360-degree views of Dubai at night.
Arabtec profit slashed by 50%
UAE's largest contractor posts loss for last quarter of 2009. The UAE’s largest contractor Arabtec has posted a loss for the last quarter of 2009, with profit for the full year slashed by 50%. The contractor, whose projects include the world’s tallest tower, the Burj Khalifa, blamed the results on a charge of about $80m (£53.5m) for bad debts.
Giorgio Armani worried Burj designs may look ‘old’
Iconic fashion designer Giorgio Armani has said he is nervous his first hotel project, which will be located in the base of Dubai’s Burj Khalifa, may look outdated when officially opened later this month. “I’ve been working on this for five years. I’m finally going to see what I designed, and it’s a bit nerve-racking to think that what I liked five years ago might look old now,” the Italian designer told US-based fashion trade publication Woman’s Wear Daily at the weekend.
Dubai Mall shops open after aquarium leak – paper
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.
Va-va-voom Versace versus the refined elegance of Armani
Armani is credited with pioneering the concept of the lifestyle brand, and today his empire encompasses a couture line, several ready-to-wear lines, underwear, perfume, cosmetics, cafés and homeware. But the latest must-have in an Italian designer's portfolio is a hotel or two; Missoni and Versace have their own and Moschino unveiled one here in Milan this week. Not to be outdone, Armani will open his first hotel in April in the Burj Tower in Dubai.
