Dubai is an interesting port city with a fairly free market, which is why it (UAE) is becoming the Hong Kong of Asia minor, in my opinion. There are no corporate taxes, for example. I think the amount of wealth that travels through Dubai is the reason why so many great architectural projects are being created there.
I’m not surprised a Taiwanese firm is handling this, as the tallest building in the world has just been created in Taiwan. The image you presented seemed similar to the Tower of Light, which was supposed to be a WTC replacement. I’m sure it was quite smaller, but it still looked glamourous.
I do not mean to divert attention away from the skyscraper, but my favourite architectural project in Dubai right now is the Palm Islands. You may have seen these on the show “Frontiers of Construction” which airs on Discovery. They remind me of what Roark had in mind when he made vacation homes for privacy and seclusion, although these are designed for the wealthy. Most of the properties include private beaches and large mansions.
Birds-eye image of the man made islands
14mb Video of the multi-billion dollar project (Windows Media)
The company who is developing The Palm is also working on The World. It will be marine access only:
Image
The rise of The World, The Palm, and Burj Dubai (the original tower in this thread) are a result of the freehold property laws which have just been enacted. The laws allow foreigners to fully own land in some of the Emirates, which has caused a boom in investment and real estate. Emaar is constructing Burj Dubai and Dubai Marina, while Nahkeel Properties is constructing The World and The Palm.
That’s a gorgeous building…and at $300 million, it sounds like a bargain. I would love to see a structure like that go up in one of our cities. Haha, especially considering that the firm that designed the Burj Tower is American!
Is Emaar a subsidiary of an American company? I know that they work mainly in the emirates, and are listed on the Dubai Financial Market. From the Emaar website:
About Emaar
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$ 7.7 billion (including land) Emaar has witnessed tremendous growth since its inception in 1997. In 2003 Emaar reported net profits of AED 676 million (US $ 184 million), a 31 percent increase on the previous year. Total sales revenue was AED 3.72 billion (US $ 1.01 billion) – up 179 percent on 2002.