Latest news with #CreekTower
Economic Times
16 hours ago
- Business
- Economic Times
Is Dubai's Burj Khalifa about to lose its crown? Abandoned skyscraper's comeback could reshape the skyline
Dubai's long-abandoned $1 billion project, the Dubai Creek Tower, is stirring back to life. Once envisioned to surpass Burj Khalifa at 1,300 metres, the tower's construction halted in 2018. Now, with a redesigned blueprint and scaled-down height, it may no longer be the tallest, but its resurrection still fuels Dubai's race to dominate the world skyline. (Image: X/Aamir Yousuf) Dubai, a city where the skyline never sleeps and architectural ambition knows no bounds, might soon witness a monumental reshuffle in its race to the heavens. For years, the towering Burj Khalifa—standing at a dizzying 830 metres—has reigned supreme as the tallest structure on Earth, symbolizing Dubai's glittering promise of wealth, imagination, and engineering marvel. But lurking in the shadows is a long-forgotten, billion-dollar contender that once aimed to shatter every record. — XTravelMyWay (@XTravelMyWay) First unveiled in 2016 with grandiose ambition and a jaw-dropping $1 billion investment, the Dubai Creek Tower was not just another high-rise. Designed by famed Spanish-Swiss architect Santiago Calatrava, the structure was envisioned as a 1,300-metre-high masterpiece inspired by Islamic minarets. It was to be the crown jewel of Dubai Creek Harbour—a new-age marvel with sky gardens, 10 observation decks, and a luxury hotel perched among the clouds. It promised an experience higher, grander, and more futuristic than anything the Burj Khalifa offered. With its striking silhouette and poetic architectural intent, it was heralded as the future of Dubai's vertical dream. But by 2018, the dream began to crumble. Progress halted. The pandemic only deepened the silence around the project. By early 2019, even the construction staging areas lay abandoned—just a massive foundation pit in the desert where greatness once aimed to grow. Fast forward to 2024, and Emaar Properties—the developers behind the tower and the Burj Khalifa—have announced plans to revisit the dormant giant. This time, however, there's a twist. The redesign reportedly scales down the height, meaning the revised tower may no longer aim to surpass the Burj Khalifa. Official blueprints have not been made public yet, and while there's talk of renewed ambition, physical construction remains absent. In essence, the tower is alive on paper—but still asleep in reality. The question now gripping architecture buffs and Dubai-watchers alike: will it ever rise to challenge its older sibling, or will it remain a mirage in the city's ambitious skyline?While the Dubai Creek Tower remains in limbo, the wider Dubai Creek Harbour project has quietly made progress. Residential blocks now line the banks of the historic 14-kilometre waterway, and public infrastructure has begun transforming the area into a modern urban oasis. But without its signature skyscraper, the heart of the development still beats with a question mark. Dubai has always sold dreams in steel and glass, and its skyline is a testament to that. Whether or not Dubai Creek Tower rises from the ashes of abandonment, its story speaks volumes about the city's relentless pursuit of architectural immortality—and the high stakes that come with it. For now, the Burj Khalifa remains unchallenged. But in a city where anything is possible, even a sleeping titan may awaken.
Time Business News
17-05-2025
- Business
- Time Business News
Where to Find the Best Real Estate Locations in the UAE?
UAE seems to be attracting a lot of attention in real estate as contemplated in 2022 property transaction data. There's an increase in demand for the AED 115 billion worth of investment. This is a surprising growth with a 60% increase in volume, setting a new record for the trades and transactions. Also there's been an upward trajectory for the major hot spots all over the country. UAE boasts several fast-selling properties, so if you want to grab one with a high demand in the market, you need to learn about the best areas. After all, it's about making the right investment in one of the most diverse countries to ever exist. To help you out, we have created a list of major hot spots in UAE that brings the perfect opportunity for you to invest in residential and commercial areas. Let's take a closer look at each one of them. Located at the heart of Dubai, Damac Islands are nestled in a growing area in close proximity to entertainment venues, community hubs, and international airports. The location is strategic, which gives Damac Islands the competitive edge over other hot spots. You get the peace of living on an island while also enjoying the comfort and best amenities of city life. You will cater to the new districts, shopping sites being so close to the air ports. Which is why this location is super attractive for the tourists pouring in from other countries. Plus, the iconic Burj Al Arab is just a few minutes drive away giving you the opportunity to enjoy an accessible but fine dining experience. Besides the mainstream island, you can invest in the Damac Islands Clusters. Considered to be one of the most beautiful tropical island it gives you the optimum beach like experiences similar to Bora Bora, Seychelles, Hawaii and Maldives. If you are interested in waterfront city, then this is the place you need to go to. As a potential resident you will get to enjoy the Downtown Dubai and Dubai Marina straightaway. The community is all about the breathtaking views of the Ras Al Khor wildlife sanctuary and the downtown skyline. The most unique aspect of this location is that it will be home to the future tallest tower, the Creek Tower. It will consist of the Creek Mall making it the next big public entertainment space. As an investor you get to see tons of amenities with most spectcaular views including the marina and the central park. You have the option to choose 1bkh or 2bkh or even buy podium-level villas. One of the most well-known and well-established neighborhoods in Dubai is Dubai Marina, which is situated directly between Jumeirah Lake Towers (JLT) and Jumeirah Beach Residence (JBR). With its distinctive views and upscale areas, it has long been one of the most appealing locations in Dubai for real estate investment, capturing the interest of both homebuyers and investors. Dubai Marina apartments, which are home to more than 200 mixed-use buildings, villas, and townhouses that significantly contribute to the city's stunning skyline, are renowned for their beautiful views of the waterfront, expansive galleries, and easy access to business centers. Additionally, there are plenty of places to eat and unwind in this charming neighborhood, and residents can enjoy easy access to major tourist destinations like Dubai Harbor, Bluewaters Island, and the neighboring Promenade at JBR. Built around four Jumeirah lakes, JLT is a densely populated business district located in the heart of Dubai, directly behind Dubai Marina. There are residential and business towers in the diverse-use neighborhood to suit all price ranges and real estate needs. JLT has benefited from an increase in buyers looking to purchase apartments at Jumeirah Lake Towers as an investment property in Dubai because of its close proximity to Downtown Dubai, Dubai Marina, and other important commercial centers. JLT has emerged as a preferred location for more affordable Dubai investment properties because to its comparable amenities to Dubai Marina. In addition, JLT is a well-connected development that is close to two metro stations, eateries, lodging facilities, schools, parks, and a lot more. Known as MBR City, Mohammed Bin Rashid City is one of Dubai's biggest mixed-use neighborhoods. The construction of this massive project, which was unveiled in the latter part of 2012 by Dubai's ruler, His Highness Sheikh Mohammed Bin Rashid Al Maktoum. It includes 45 million square feet of freehold properties, a fantastic shopping center, a massive park, the largest artificial lagoon in the world, and a variety of leisure activities. The neighborhood has luxurious homes, opulent townhouses, and apartments with one to four bedrooms. MBR City is a posh neighborhood with a cutting-edge setting that is mostly centered on Sobha Hartland projects. Located only five minutes from Dubai Mall and the Burj Khalifa, Mohammed Bin Rashid city apartments and villas are close to all of Dubai's well-known attractions and cultural centers. A hidden gem if you're looking for a tranquil and eco-friendly way of life is Tilal Al Ghaf. This creative development, which is close to Dubai Sports City, incorporates sustainability, elegance, and nature into daily life. The preservation of nature and modern living are harmoniously balanced in this eco-friendly neighborhood. One of its special features is the Crystal Lagoon, which allows locals to enjoy water sports outside of their houses. With its schools, hospitals, restaurants, and housing facilities, this city is a prime example of self-sufficiency. Purchasing real estate in Tilal Al Ghaf fits well with the expanding eco-friendly living trend. Tilal Al Ghaf offers a variety of properties that are ideal for families and couples, ranging from 6-bedroom mansions to townhouses or villas with three to five bedrooms. UAE is home to wealthisest cities which makes it an ideal choice to invest. Its not only the breathtaking views that matters, but also the accessibility, amenities and quality living that will make your lifestyle worth yout while. TIME BUSINESS NEWS
