Burj Dubai is Officially Open

Amid Dubai debt meltdown, Burj Dubai is officially open and was renamed after the UAE President, Burj Khalifa, last week on Monday January 4th, 2010.



For an earlier post on Burj Dubai, click here: http://wealthaspiration.blogspot.com/2009/03/worlds-tallest-building.html

During construction boom, Dubai borrowed $80 billion debt hoping to transform the economy into a regional tourism and financial hub. According to Deutsche Bank, UAE suffered the world’s steepest property slump in the global recession, with home prices dropping 50% from their 2008 peak.

Talking about Dubai brought back personal memory a little more than a decade ago. Beside a job offer I received from US based consulting company, I also had few other interviews with Singaporean, UK and UAE companies. The recruiter from UAE based company told me I could have the same salary as the US based company, except it was tax free. Finally after careful consideration, money though important, but was not the only thing in life, I pursued the offer from US based consulting company. The rest is a history.

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The World’s Tallest Building

Started in 2004 and scheduled for completion in late 2009, the world’s tallest building today is located in Dubai, United Arab Emirates. Burj Dubai, 162 stories, developed by Emaar Properties, is a mixed of hotel and luxury apartments, with four luxurious pools and spas, 15,000 sq-ft of fitness facilities and an observation deck on floor 124. Although the official height has been kept private until completion, the height is estimated around 2,684 feet.



Other than Burj Dubai, which means “Dubai Tower” in Arabic, the US$20-billion mega project of downtown Burj Dubai has manmade lake, shopping malls, business centers and premium hotels.

According to Mohamed Alabbar, Chairman of Emaar Properties, Burj Dubai goes beyond its physical specifications. It is about the human spirit of attaining the seemingly impossible and setting new benchmarks.

Source: http://www.burjdubai.com, http://www.burjdubaiskyscraper.com

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