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Developer vows year-end launch for Burj Dubai

Dubai, October 6, 2009

The developer building the world's tallest skyscraper has said it is committed to opening the Burj Dubai by year's end, though a staggered rollout means only part of the silvery tower will be ready at first.

Emaar Properties UAE operations managing director Ahmad Al Matrooshi said the opening date is being kept secret to build excitement.

But he insisted that major work is nearly complete and that the tower would meet Emaar's latest deadline to inaugurate the building by the end of December, according to a report in our sister newspaper Gulf Daily News.

'The building is ready. It's a matter of a few items,' he said.

Burj Dubai, Arabic for 'Dubai Tower', stands more than 2,600 feet tall. Emaar finished covering the building's facade just last week. It has yet to confirm the tower's final height.

Meanwhile, work on another highly anticipated skyscraper in the emirate - a luxury hotel by Donald Trump meant as a centerpiece for Dubai's original palm-shaped island - looks likely to remain on hold.

Trump Organisation executive vice president Donald Trump Jr said he would like to see work on the Trump International Hotel & Tower get under way in two years, but acknowledged 'it's going to take some time' for the project to be restarted.

The executives spoke during the first day of Dubai's Cityscape property expo, traditionally one of the highlights of the emirate's business calendar.

Thin crowds and toned-down exhibits left the event far quieter than in years past, reflecting a crippling slowdown in Dubai's once white-hot property market.

Home prices have plunged by half from their peak less than a year earlier, according to a widely watched index of Dubai property prices released in August.

Exhibitors at this year's expo were taking an uncharacteristically cautious approach to the show.




Tags: Burj Dubai | Emaar | property | real estate | building | tallest tower |

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