Emaar Properties chairman Mohamed Alabbar reveals new details about $1 billion megastructure
The Tower, set to be the centrepiece of Dubai Creek Harbour, will be 100 metres taller than the Burj Khalifa, which at 828 metres is currently the world’s tallest tower, the developer said.
The height of The Tower was revealed by Emaar Properties chairman Mohamed Alabbar in an interview with CNN, where he discussed the project’s development.
The AED 3.65 billion ($1 billion) megastructure has been designed by Spanish architect Santiago Calatrava Valls.
“The new Burj will have cables supporting the building… the cables are almost like jewellery, and Calatrava has done a fabulous job,” said Alabbar.
“The tower will have a boutique hotel, few floors of gardens, restaurants, observation [decks] and function halls. The plaza will be much bigger than this [Downtown] plaza because of the sheer size of the tower and the cables… but what we will do with the plaza and how we beautify it and the real estate around it will be quite a job,” he added.
A press release earlier this year revealed that the tower would have a Pinnacle Room which will offer 360-degree views of the city while the VIP Observation Garden Decks will recreate the Hanging Gardens of Babylon.
The Tower will also have an efficient cooling system and the water collected from it will be used to clean the structure’s façade.
Alabbar had also earlier revealed that the project will be financed by 50% equity and 50% debt.