Dubai News

One of Dubai’s biggest business projects today is the Business Bay. The Business Bay is a “new city” currently under construction which is to be the new Central Business District of Dubai. The city will consist of tall skyscrapers some of which will be some of the tallest buildings in the world, targeting mostly commercial offices, however, will also accommodate residence. The Business Bay will be a part of the plan of cementing Dubai’s place as a business hub on an international level.

Previously most of the main CBD was around the Creek, however Dubai’s recent plans of development have led to the construction of this new CBD. This is a top class project as most of the large multinational organisations from all over the globe will have their headquarters situated in the Business Bay.

The Business Bay will be similar to Manhattan in New York.

The total area of the Business Bay will be 64 million square feet. The area will have a total of 230 towers, such as the Burj Al Alam, The Skyscraper, the Regal Tower, The Emirates Park Towers and the Bay Gate to name a few.

As Dubai has been attracting a great number of foreign investors, this is a big step in accommodating these large foreign companies by giving them the opportunity to set up offices in Dubai.

Dubai is known for big things. The world’s biggest hotel, the world’s first man-made island, the world’s biggest mall and now the world’s tallest building known as the Burj Dubai. Construction for the building started in the year 2004 and is planned to commence later this year in 2009 in the month of September. The name “Burj Dubai” comes from the Arabic word burj meaning tower, thus Burj Dubai means Tower of Dubai. Currently this tower is the world’s tallest structure even though its incomplete. The height of the tower is still unconfirmed even though initially it was planned to be around 2,600 feet.

The architect of the Burj Dubai is Adrian Smith from Skidmore, Owings and Merrill. The lower 37 floors will be the first Armani Hotel (the first of its kind in the world).  64 of the floors will be residential apartments and the rest are to be corporate offices. The Burj Dubai will be located in the centre of the New City District (also known as the Business Bay). This area will be similar to New York’s Manhattan. The Burj Dubai will not only be the world’s tallest tower, but it will also have the world’s fastest elevator ever and will run at 60 feet per second.

The total budget of the project is around $4.1 billion.

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