Posted Dec 3, 2010, 2:39 PM
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Join Date: Jul 2010
Location: Saskatchewan
Posts: 3,326
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This building was not built because Dubai needed square footage like that. For its cost they got very little square footage for their dollar in comparison to other Dubai projects (but still far more than in the USA or any other major nation).
Like Taipei 101, the Petronas Towers and most other supertalls in developing countries, this building was built to show off, instead of having a practical function.
Developers paid for decades on an empty Empire State Building. Unfortunately for Dubai, I don't think their market will bounce back to New York levels. Remember Manhattan has nearly 400,000,000 sq ft of office space to Dubai's 80,000,000.
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