Worlds Tallest Skyscrapper Burj Dubai Opens....!

World's tallest building opens in Dubai

The world's tallest building has been opened with a dramatic fireworks ceremony in the Gulf emirate of Dubai.The Burj Khalifa was revealed to be 828m (2,716ft) high, far taller than the previous record holder, Taipei 101.

Known as the Burj Dubai during construction, the tower has been renamed after the leader of Dubai's oil-rich neighbour, Abu Dhabi. Last month, Abu Dhabi gave Dubai a handout of $10bn (£6.13bn) to help it pay off its debts.

Construction of the Burj Dubai began in 2004, at the height of an economic boom. Clad in 28,000 glass panels, the tower has 160 floors and more than 500,000 sq m of space for offices and flats.

The tower also lays claim to the highest occupied floor, the tallest service lift, and the world's highest observation deck - on the 124th floor. The world's highest mosque and swimming pool will meanwhile be located on the 158th and 76th floors.

 

BURJ KHALIFA IN NUMBERS

95: distance in km at which its spire can be seen
504: rise in metres of its main service lift
57: number of lifts
49: number of office floors
1,044: number of residential apartments
900: length in feet of the fountain at the foot of the tower, the world's tallest performing fountain
28,261: number of glass cladding panels on the exterior of the tower

Burj Khalifa will be home to 1,044 luxury apartments, 49 floors of offices and eventually a 160-room Armani-branded hotel. Around 12,000 people are expected to live and work in the tower, which is part of a 500-acre development.

However, investors are facing losses even before the tower is completed because property prices in Dubai have slumped amid the global economic crisis.

Some apartments were selling for $2,700 per sq ft, but are now going for less than half that. Analysts say it will be particularly hard to lease office space because few companies can justify paying premiums for luxury.

The BBC's Malcolm Borthwick in Dubai says developers are holding back on new flagship projects, so Burj Khalifa could mark the end of an era for skyscrapers in the Gulf - at least in the short term.