(DUBAI, U.A.E.) -- No one knows how long the records will last, but with ten days left to the opening of the world's tallest building, the publicity machine is grinding out the numbers that define Burj Dubai. The skyscraper is more than 800 meters tall with at least 160 floors. The final number hasn't been released to keep the developers of buildings under construction guessing and preserve the title of tallest for as long as possible.
The mixed use structure has 160 luxury hotel rooms and suites branded as the first Armani Hotel.
Burj Dubai and its 12-floor annex offer 49 floors of office space and 3000 underground parking spaces.
The Burj Dubai tower holds 1044 apartments.
Offices and apartments are served by 57 elevators.
The main service elevator rises 504 meters, more than any elevator anywhere, and can carry 5500 kilos.
To construct the Burj Dubai, 31,400 metric tons of steel rebar were used.
Visitors will be able to take elevators to the 124th floor and experience The Top, Burj Dubai, the world's highest observation deck with an outside terrace.
On the ground Burj Dubai's spire can be seen from as far as 95 kilometers.
Burj Dubai was developed by Emaar Properties and is the focus of the Downtown Burj Dubai neighborhood that includes one of the world's largest shopping centers, Dubai Mall, hotels, apartments, and office complexes.
Based on preliminary data from Jones Lang LaSalle shows that grade A office rents will fall in Hong Kong and Singapore in the fourth quarter (Q4) of 2011 and will grow more slowly elsewhere in Asia Pacific. Jones Lang LaSalle's market leasing experts predict that Hong Kong and Singapore are entering a rental level correction phase, ...
SL Green Realty and The Moinian Group announced this week that one of the world's leading consolidated marketing communications companies, WPP's Young & Rubicam Group, is relocating Y&R, Wunderman and their network companies to 3 Columbus Circle. Under the agreement announced today, the Young & Rubicam Group is taking approximately 340,000 square feet ...
As India's economy shows signs of decreasing GDP growth rate, the Indian real estate industry faces its own share of concerns. Ashutosh Limaye, Head of Research & Real Estate Intelligence for Jones Lang LaSalle India tells World Property Channel that real estate developers are reeling under high debt and FDI inflows have also slowed down.
According to the U.S. Census Bureau of the Department of Commerce, construction spending during October 2011 was estimated at a seasonally adjusted annual rate of $798.5 billion, 0.8 percent (±1.6%) above the revised September estimate of $792.1 billion. The October figure is 0.4 percent (±1.9%) below the October 2010 estimate of $802.0 billion.
According to Jones Lang LaSalle's latest Global Capital Flows Report for the third quarter of 2011, four out of the top ten most traded direct real estate city markets globally in the third quarter of this year were in Asia Pacific. Hong Kong, Tokyo, Shanghai and Sydney and all made the top ten, compared to four cities in the Americas and two in Europe.