The world’s tallest building is to be opened today in Dubai in a celebration of Man’s architectural ingenuity.
The exact height of the superscraper – known as the Burj Dubai – has remained a closely guarded secret although it is known to be more than 800 metres.
But although begun in 2004 at the peak of the city state’s construction boom, its opening comes as optimism is sorely needed in an atmosphere of financial insecurity.
Saud Masud – UBS Dubai was circumspect over the positive impact of the superscraper.
“Burj Dubai is obviously the ultimate symbol of the real estate boom that they have seen. And I don’t see the economic down cycle being over in the next few quarters or in the next year or so. So I think the economic challenges or problems will persist in the face of a pretty awesome, I would say, man made structure,” he said.
Despite the real estate crash plus a bail out from Abu Dhabi the building is considered a marvel.
And although criticised for its potentially massive carbon foot print it will go along side other breath-taking man-made projects which have made Dubai the capital of excess.