Emaar’s New ‘Super Tower’: Is Dubai Set to Break Another Record?
This comes from a city that has made a history of setting records in almost everything it does particularly in the construction of tall buildings. However, that was not the end of unmatched architectural marvels because now there is a new one awaiting the city and it is the ‘Super Tower’ of Emaar. This development is highly expected to match the Burj Khalifa, knowing that this structure has been the tallest building across the world since 2010. With the new construction plan coming into operation, dubitative arises; how this progressive structure can impact the Dubai real estate market and how it cannot be compared to other towering buildings seen around the globe.
Emaar’s Vision: Construction of a Tower in the Sky, to Compete with Burj Khalifa
A new project of Emaar properties, the firm behind the construction of Burj Khalifa among other famous structures such as Dubai Mall, has unveiled plans that might reach a new “Super Tower. “Even as more information on the construction is still being withheld, media reports have indicated that the building may be taller than Burj Khalifa when it is completed.
The goal is not simply to win a race and set time records but rather to produce an Iconic structure in line with Dubai’s vision of being the city of the future. The new building has been proposed to adopt the latest technology in use with the landlord’s units alongside the commercial floors which many investors and businesses will be attracted to (Arabian Business).
The Emirate’s Hunger for Record Breaking Tall Buildings
The next project is the newly announced Burj Azizi that is expected to become the second tallest building in Dubai (CNN). Indeed, this trend is in line with the city’s long-established plan of transforming into a city for tourists, businessmen and women, and other elites.
Through the continuous challenges in architecture, Dubai successfully branded itself in the global map and succeeded in attracting international investors transforming the city into a fantasy land for billionaires. High rises are not only buildings in Dubai; they are dreams in steel and glass, and a muted declaration of the city’s aspirations.
A Comparison of How Emaar’s Super Tower Fits into the Global Market
The new tower which Emaar is planning to construct will effectively be in competition with other structures not only in Dubai but also in the rest of the world. New generation of skyscrapers such as Shanghai Tower in China and Merdeka 118 in Malaysia are among the list of tallest buildings in the world and they symbolize competition in the battle of heights.
Still, Dubai’s towers, including the future Super Tower, are more than burj towers – they combine luxury apartments, modern business environments, and technological solutions. This fusion of liveability and use cases is a significant strength for Dubai on its marketing front to attract varying types of investors from international tech and software corporations to HNWI seeking for luxurious homes (New York Post).
Implications of this for Dubai’s Real Estate Market
New tall structures in Dubai are ongoing, and existing ones like the Emaar’s new Super Tower are underway and therefore boosting the advancement of the real estates. Dubai is famous for the luxury property market and such a high-class project stimulates foreign interest in the city. From published books and other news reports, it emerged that the Dubai market, especially the property market is still expected to experience further expansion with more focus on luxury units and high rise buildings.
Some of the factors that attract investors to Dubai include its favorable geographic location, the tax-free environment and the fact that the government has a favorable stand for investors. This propels more interest in the market especially as the city is gradually evolving into an international business and tourist destination (Construction Week Online).
Conclusion
While an extremely fancy building like the new Super Tower that Emaar is building is much more than any other skyscraper that Dubai is dreaming of, and so much more than a Vision of a city striving for architectural heights, it is first and foremost an embodiment of the emirate’s commitment to being perfect at what it does. In this regard, this development will enhance the market in real estate and entrench Dubai as market leader in luxury and innovation as the city takes its time to break yet another record. For investors, developers and architectural buffs, the world’s attention will again be on Dubai when the city starts the next phase of its vertical growth.
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