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    After a record third quarter, Dubai property sales are nearing Dh500 billion

    After a record third quarter, Dubai property sales are nearing Dh500 billion

    UAE's fractional property market is driven by millennials

    UAE’s fractional property market is driven by millennials

    Experts say Dubai's waterfront properties generate up to 30% annual returns

    Experts say Dubai’s waterfront properties generate up to 30% annual returns

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    Real estate valuations in Ajman reached $113mln in August

    The $500 million green sukuk issued by Binghatti Holding was oversubscribed

    The $500 million green sukuk issued by Binghatti Holding was oversubscribed

    In Jumeirah 1, Dubai Holding and Brookfield launch Solaya beachfront homes

    In Jumeirah 1, Dubai Holding and Brookfield launch Solaya beachfront homes

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    UAE’s proptech sector set to triple in value amid realty innovation

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    With 86,000 millionaires, Dubai is the 4th wealthiest city in Europe, Mena

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    In District One, Prime Estates breaks ground on a luxury villa development

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          Home General

          Dubai is Constructing more High – Rises in Comparison to any Other City in 2020

          January 18, 2021
          in Business, Dubai, General, UAE
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          More high-rises were finished in Dubai last year than in any other city in the whole world, a recent report shows.

          Twelve buildings taller than 200 meters were finished in 2020, a record for the emirate and three more than in 2019, the Council on Tall Buildings and Urban Habitat’s 2020 Year in Review report showed.

          Christopher Seymour, managing director for consulting engineer Mott MacDonald Middle East Said” Dubai has always been one of the centers globally for tall buildings and thus this position came as no surprise”.

          “The reason there was an apparent surge incompletion in 2020 was down to the upturn in commitment in investment for this type of project around five years ago, aligned with the strong property market at the time – and those projects finally came to completion.”

          The tallest building which was finished in Dubai last year was about 336-metre-high SLS Tower in Business Bay, which in return making it the 11th-tallest worldwide.

          Rounding off the top five are the 307-meter-high Amna Tower at Habtoor City, Jumeirah Gate (303 meters) at Jumeirah Beach Residences, ICD Brookfield Place (282 meters) at DIFC, and Boulevard Point (280 meters) in Downtown Dubai.

          The last time Dubai named first among the global ranking was in 2010, the year the world’s tallest building, the Burj Khalifa, was completed.

          And this record broke Shenzhen’s four-year streak as the city completing the most towers.

          The southern Chinese city finished about nine buildings above 200 meters last year, down from 18 in 2019.

          From around the world, there were 106 high-rises completed last year, a 20 percent decline on the 133 handed over in 2019.

          This was the lowest number since 2014 as Covid-19 roadblocked the construction business from around the world.

          The tallest building which was to be completed last year was Central Park Tower in New York City, at 472 meters- the first time from about five years states that the tallest completed building was not in China, and also the very first time since 2014, when One World Trade Centre completed, that the tallest building of the year was in the US.

          This was for the very first time from about 2014 in which no building would go beyond 500 meters in height.

          China accomplished more than the total account of buildings in the study(56), lower from 57 in 2019 and 92 in 2018.

          In 2020, London accomplished four buildings with a height of about at least 200 meters- the most than any other year- rather than the shadow of Brexit hanging over the city.

          Three of the four are in Canary Wharf, the financial district.

          The report estimated that between 125 and 150 buildings taller than 200 meters will be accomplished this year.

          About the top 30 projects were finished this year, 18 in China, five in the US, and the other three in Saudi Arabia.

          The two main tallest buildings were set to be completed this year at Riverview Plaza A1 in Wuhan (436 meters) and 111 West 57th Street in New York City (435 meters).

          The total number of towers in UAE upcoming few years is counted to fall as the project launches slow due to a punch in improving the supply-demand imbalance.

           

          Tags: Dubaiheighest buildingstallest buildings

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