Burj Khalifa News
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It took Damac Properties Co. one day to sell the first 200 units in its Hollywood-themed apartment and hotel project as buyers seized the opportunity to invest in Dubai’s booming tourism market.
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Meydan Group of Dubai and India’s Sobha Developers Ltd. plan to build a 1,500-home project in Mohammad Bin Rashid City, the largest real estate development to be revived after the emirate’s property crash.
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Saudi Arabia’s national water company agreed to a 2.2 billion-riyal ($587 million) supply deal with Jeddah Economic Co. for the Kingdom tower project in the Red Sea port of Jeddah, Saudi Press Agency reported.
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Builders of Tokyo Skytree, the 65 billion yen ($656 million) broadcast tower almost double the height of the Empire State Building, say they aim to make their mark on more than just the Japanese metropolis’s skyline.
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Sidley Austin LLP hired three lawyers who have held various positions at the Federal Trade Commission to bolster the firm’s antitrust practice.
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Viacom Inc.’s Paramount Pictures is lending its name to four Hollywood-themed towers in Dubai that will comprise a hotel, apartments and shops and cost about $1 billion to build.
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Billionaire Bhupendra Kumar Modi, who became a Singapore citizen last year, is urging his adopted nation to end a ban on young singles owning state-built homes because it hurts one of the city’s key goals: making babies.
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Kingdom Tower, Saudi Prince Alwaleed bin Talal’s project to erect the world’s tallest building in Jeddah, is designed to imitate the contours of a sprouting desert plant. Adrian Smith’s task is to make sure it doesn’t sway in the wind like one.
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Otis Elevator Co.’s quest to carry people up skyscrapers twice as tall as the Empire State Building hearkens back to a pivotal innovation by its founder: ensuring that riders won’t plummet back to earth if something goes awry.
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A mile-high skyscraper, almost double the height of today’s tallest building, may become a reality by 2025 as developing countries splurge cash in an ego- fueled race to construct the world’s highest tower.
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