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Real Estate Near Burj Khalifa In Dubai: Is It Profitable?

Currently, a building is under construction in Dubai. Currently named the Dubai Creek Tower, it will surpass the outstanding tallest Emirati tower, the Burj Khalifa. The new tower will allow the Arabs to retake the title of the tallest structure in the world, after China snatched the honour for a few years. It will be situated in the Dubai Creek harbour district.

Dubai Creek Tower

When built, Dubai will receive the title of the city with the tallest free-standing structure (Toronto’s own CN Tower once held this title!)  Other cities around the world will have their work cut out for them if they want to top this new record height, continued to push the limits of architectural engineering. The height of the new tower in Dubai Creek Harbor will be an astonishing 928 meters, which is almost a hundred meters more than the Burj Khalifa. While the construction of the new tower is not yet completed, the official property portal of https://emirates.estate/ has provided a slew of interesting facts related to the previous record hold, the Burj Khalifa.

What does Burj Khalifa mean?

The “Khalifa” in the name is not associated with the word “Caliph”, meaning the high title of the ruler. Initially, the tower was supposed to be called «Burj Dubai». The first word translates as «tower». However, the Prime Minister suggested naming the building in honor of then-President Khalifa Bin Zayed Al Nahyan.

Burj Khalifa

What does the tower include?

Burj Khalifa houses luxury office space and retail outlets, but there are also 900 apartments. There are restaurants, cafes, fitness rooms, swimming pools, and recreation areas with views of the entire city. There are the facts on the luxury of Burj Khalifa:

  • On the 100th floor, there is the residence of an Indian billionaire, who owns three huge apartments with an overall area of 1,500 sq. m.;
  • The Armani Hotel is located in the area, the interior of which was created by the fashion designer himself. You can buy a property here if you have USD 50,000,000— this is the minimum price for a single room.

How was the Burj Khalifa built?

The construction budget of the building is estimated at USD 1.5 billion dollar. Over 12,000 construction workers were involved in the work. A material that will withstand heating above 50 degrees (the temperature of the scorching Emirati sun) was mixed with ice and laid at night. In total, there are more than 300 thousand cubic meters of concrete here, and one-two floors were built weekly.

Burj Khalifa

Burj Khalifa: cool stats

  1. The detached structure has a height of 828 meters.
  2. The distance traveled by the elevator is 504 meters.
  3. The speed of the elevator is 10 m/s.
  4. The restaurant is located at an altitude of 442 meters.

Also notable, the observation deck of the building was once a record holder, but then the Shanghai Tower was built with an observation platform at a height of 561 meters, which is five meters more than Burj Khalifa.

Find real estate in Dubai

Having a house with a view of the Burj Khalifa is the dream of many people from all over the world. Make this dream come true with Emirates.estate. It is engaged in the professional selection, registration, and assistance in the maintenance of off-plan projects in UAE.

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