World’s tallest building is now in Dubai

    The Burj Khalifa
    The Burj Khalifa, the world's tallest building, is illuminated during the official opening ceremony in Dubai on Monday.
    The Burj Khalifa
    The Burj Khalifa, the world's tallest building, is illuminated during the official opening ceremony in Dubai on Monday.

    2,717 feet. That’s the number to beat to earn the title of world’s tallest building. Perhaps a signal of where this century’s power and wealth will emerge, United Arab Emirates seems like an appropriate location for the modern, multi-tiered tower.

    It cost $1.5B to build and includes luxury amenities throughout, including a library and hotel by Giorgio Armani.

    Dubai had, at least last decade, enjoyed a massive economic boom, seeing real estate, luxury shops and all manner of high end living explode across the land.

    However, times have changed.

    Much like the rest of the world, Dubai has suffered tremendously from the global economic meltdown. So the big question now is what businesses will occupy the building?

    If the vacancy rates remain high, it’s going to take a lot of $27 observation deck ticket sales to cover expenses.

    [Source: USA Today, Dubai names tallest building after bailout patron]

    Explore. Create. Live. Follow Stark Insider on Twitter and Facebook. Join our 9,000 subscribers who read SI on tablets and smartphones on Google Newsstand. Prefer video? Subscribe to 
    Stark Insider on YouTube, the largest arts & travel channel in San Francisco.
    Share with your friends










    Submit
    Previous articleGoogle set to launch Nexus One at CES
    Next articleBlu-ray follows the money, to go 3D
    Monica is the PR contact for Stark Insider, and helps with calendaring, coordinating SI video shoots, and assisting with inquiries. monica (at) starkinsider.com.