Dubai means true value right now. Now, in five months, five years, decades from now. The innovative changes taking place in the metropolitan city of Dubai, or the world’s first “sky-city”, are nothing less than a complete and limitless spur to the imagination. And the portfolio return columns of certain intelligent and fortuitous investors.
One has only to read the details of evolving construction and erected properties to recognize that Dubai is a land where the fairy dust never stops making the pumpkins of raw steel girders grow into magic carriages of crystal towers.
The Burj tower, the newest skyscraping erection aspiring to greater and greater heights in the Dubai skyline of the United Arab Emirates, is due to be completed in 2008. And being the world’s tallest building is just where the features of this project begin to amaze.
Imagine the premium features of a hotel in this city. Think about the kind of people who would be walking through the lobby. The high-profile action spots in Europe and even America may start draining their adventurous and moneyed populace to the zip code of Dubai.
The Burj Dubai is rumored to have surpassed the 75 story mark on its way to becoming the tallest building in the world. This brings Dubai to the center of the modern travel galaxy, attracting new tourism and sustaining vibrant fiscal growth for the city as well as international impact.
How is the Burj Dubai simply not one more hotel? It’s expected to have around 162 floors, as well as flying off the horizontal barrier of land into the sky. It’s going to be beautiful and cutting edge, because anything less would look out of place in Dubai.
The big story is the imprint of tastemakers who have identified next-step trends and technology in past decades. The initial 37 levels of the Burj Dubai will be occupied by the world’s first Armani Hotel. An Armani Hotel.
How luxurious an adventure could that be?
There is no higher arbiter of taste than Armani. Millionaires and billionaires trust this famed designer to put behind his brand taste design and elegance. This single destination adds to the “get a ticket to go there NOW” feeling growing around the concept of the city of Dubai.
This kind of value mean Dubai real estate will always exist at a super-premium, both for investors and consumers.
Written by Page Howe. Page Howe bears no affliation with Dubai Select. The views expressed are purely his own.
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