DUBAI, United Arab Emirates, August 31 /PRNewswire/ -- Emaar Properties
today announced that Burj Dubai, its iconic 'super' tower, had reached a key
construction stage which will see the developer move to the next phase and
incorporate the signature first Armani Hotel into the building. Progress on
the building has been rapid in recent weeks as it has climbed to its current
five-storey height -- the first level for the luxury Armani Hotel guest rooms.
(Photo: http://www.newscom.com/cgi-bin/prnh/20050831/NYW086 )
The Armani Hotel Dubai will offer 172 guest rooms and suites, restaurants
and a spa covering more than 40,000 square metres and is the flagship for a
global collection of Armani designer hotels and resorts. The joint venture
between Giorgio Armani S.p.A. and Emaar Hotels & Resorts LLC is one of the
defining phases of Burj Dubai, the tallest tower in the world and the
centrepiece of the new Downtown Dubai.
Work on the tower has been progressing at the rate of one floor a week and
construction of Level Five is nearing completion. Robert Booth, Executive
Director for Emaar Properties, said: "This is an immensely significant moment
for Emaar, for the development of Burj Dubai and for the Armani Hotel chain.
Our plans and projections are rapidly becoming reality and the moment is not
far away when we will see the full scale of our spectacular Downtown Dubai
"History is rising. The tower is taking shape. We're moving forward and we
are on schedule. This is an endeavour whose scope and magnitude reflects the
ambitions of the city of Dubai."
The Burj Dubai Development, including the entirety of the tower, is
scheduled to be completed within the next three years. The Armani Hotel and
152 luxury residential apartments, whose interiors and furnishings will be
designed and manufactured by fashion icon Giorgio Armani, will open in 2008.
Greg Sang, Assistant Director -- Projects, Emaar Properties said: "We aim
to achieve one floor a week between now and the year's end. Later on, as
construction moves higher and floor size diminishes, it should be possible to
complete two floors a week."
With more than 2,000 workers committed to the tower the work is on
schedule. The tower's central core has been cast to Level Five, with rebar
fixing to Level Six now in progress. Its foundations, car park and concourse
are rapidly taking shape.
Around 30,000m cubed, 10 per cent of the 300,000m cubed of planned
concrete works, has been cast and rapid progress is being made on creating the
skeleton of the building in preparation for the finishing works that will
follow. By the end of the year, progress on the tower's central core is
expected to have reached Level 20.
Booth added: "Burj Dubai is taking shape and is fast becoming a presence
on Dubai's landscape. We are paving the way for Emaar to fulfil the hopes and
expectations invested in it to become an example of what can be achieved in
this region while consolidating its position as a global real estate and
About Emaar Properties PJSC
Emaar Properties, the Dubai-based Public Joint Stock Company, is listed on
the Dubai Financial Market and is part of the Dow Jones Arab Titans Index.
Emaar is the No. 1 real estate company in the world in terms of market
capitalisation. The company has witnessed tremendous growth since its
inception in 1997 and boasts a rapidly growing tenant base. In June 2005,
Emaar crossed the historic 10,000 mark on the number of homes handed over to
satisfied customers. Currently, it has several major real estate projects
under various stages of development in Dubai including Arabian Ranches, Dubai
Marina, Emirates Hills, The Meadows, The Springs and The Lakes. The company
also owns and manages the Gold and Diamond Park. Emaar has started
construction on its most ambitious project to date, the Burj Dubai
Development, which comprises the Burj Dubai -- slated to be the tallest tower
in the world, The Dubai Mall, The Boulevard, The Old Town, Old Town Island,
The Residences, Burj Views, man-made lakes and landscaped parks and gardens.
The company also has joint ventures and projects across the region covering
Saudi Arabia, Egypt, Jordan, Morocco, India and Pakistan.
While continuing to actively pursue expansion in its core business of
innovative, high quality real estate development, Emaar has diversified into
related business lines to further build value for its 41,000 shareholders,
which includes the Government of Dubai. Emaar owns and manages three
subsidiaries -- Dubai Bank, focused on retail and commercial banking; EMRILL,
a joint venture with the UK-based Carillion which provides innovative property
and facilities management services; and Sahm, its IT services arm. Emaar is
also the majority shareholder in Amlak Finance, UAE's first mortgage finance
company. For further information, please visit http://www.emaar.com .
SOURCE Emaar Properties