Emaar Developer of Burj Khalifa Plans to Build a Taller Tower

11/04/2016 10:45 AST

With the tallest building of the world under their belt, Emaar Properties a Dubai developer plans to build one that's even taller than Burj Khalifa. The new tower is set to be different with a view! It is planned to have rotating balconies and elevated landscapes that are inspired by the historical hanging gardens of Babylon.

Emaar Properties, the government-backed company plans to construct the $1billion skyscraper close to Dubai creek to attract homeowners who seek for homes with a view. One of the company's skyscrapers was gutted by fire on the New Year's Eve and is now under repair. On Sunday, in a press conference, chairman Mohamed Alabbar said, the tower that will be constructed within the Dubai Creek Harbour project will be "a notch taller" compared to the 828-metre tall Burj Khalifa, but he did not mention just how much taller. Alabbar said, "We wanted to build a new landmark for Dubai."

The construction is expected to start soon and finish before World Expo in 2020 hosted by Dubai.

Dubai is the tourist as well as business hub of the Gulf and has been developing hotels as well as entertainment projects in a big way to entice about twenty million tourists yearly by 2020. In 2012, the number was ten million.


Top News

News

Emaar unveils 220-key hotel project in Dubai

28/03/2018

Emaar Hospitality Group, the hospitality and leisure subsidiary of Emaar Properties, has expanded the portfolio of hotel projects under its Vida Hotels and Resorts brand, with the new Vida Za’abeel.<

Trade Arabia

Aldar and Emaar shares climb after Dh30bn strategic alliance

21/03/2018

The shares of Aldar and Emaar Properties, two of the the UAE’s biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international project

The National

Emaar launches ultra luxury tower in Dubai

06/03/2018

Dubai-based Emaar Development has unveiled an exclusive collection of ultra-luxury apartments, penthouses and podium-level townhouses in The Grand, a spectacularly designed residential tower located

Trade Arabia

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

EMAAR Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
EMAARMALLS 2.16 0.00 (0.00%)
EMAARDEV 5.33 0.03 (0.56%)
DAMAC 3.01 -0.01 (-0.34%)
UPP 0.88 -0.01 (-1.13%)
ARTC 2.23 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap