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Old September 10th, 2011, 09:13 AM   #29841
gerald.d
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Quote:
Originally Posted by Doomlord_uk View Post
Does anyone know the net worth of the entire Burj Khalifa development? I'm curious to know what it's market value is (assuming it keeps it's hotel and business tenants and just the apartments were all for sale) and whether it's worth more than the $4bn(?) it has cost to build.
Not sure where you get your $4bn from. Based on Wikipedia figures...

Total cost to build $1.5bn
Total floor area 3.3m square feet.

So that gives a cost of $454/square foot.

As for market value? Probably have to look to the rental market for guidance.

Residential apartments seem to be letting at around $27/sq ft/annum, indicating a 6% gross return on the build cost. So I'd say that the building is probably worth what it cost to build right now.

(Obviously some big assumptions in all this, but I reckon it's an interesting way of looking at it.)
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Old September 11th, 2011, 02:06 AM   #29842
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Hi all.

Hi Gerald.

I think the BK cost 3 times the 1.5 B figure that is widely touted.

Here are some screenshots of a cashflow paper that was for the 705 meter version.

[IMG]http://i51.************/iyd4xu.jpg[/IMG]

[IMG]http://i54.************/517kfn.jpg[/IMG]

[IMG]http://i54.************/1jm7ol.jpg[/IMG]

[IMG]http://i55.************/egtzia.jpg[/IMG]

The main contractor number would be higher because of the added height and the cladding number would be higher after the cladding fiasco. As the works are still not finished inflation alone would increase the bottom line of 3.78 B.
$4.5 B is probably close IMO.

Also I have 279,000 Sq. M. for the tower and 186,000 for the podium equalling 465,000 Sq. M. or just over 5 million sq. feet.


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Old September 11th, 2011, 08:22 AM   #29843
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Cheers Ray.

So based on those figures I think it's fair to say that the direct building market value is less currently less than the build cost

I would presume however that it creates a much more significant market value to the surrounding area and Dubai as a whole.
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Old September 11th, 2011, 01:44 PM   #29844
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Originally Posted by gerald.d View Post
Cheers Ray.

I would presume however that it creates a much more significant market value to the surrounding area and Dubai as a whole.
Absolutely.

What's the market value per square foot of the CN Tower in Toronto compared to the building cost? Or Eiffel Tower. Or the great Pyramids. Or the Olympic Stadium in Atlanta. Or Cricket Stadium in Dubai Sports City. (please nobody try to answer, it's not a serious question). It doesn't always matter.
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Old September 11th, 2011, 02:18 PM   #29845
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I feel love for this building...
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Old September 11th, 2011, 11:21 PM   #29846
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Hi all.

Quote:
Originally Posted by gerald.d View Post
Cheers Ray.

So based on those figures I think it's fair to say that the direct building market value is less currently less than the build cost

I would presume however that it creates a much more significant market value to the surrounding area and Dubai as a whole.
Quote:
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Absolutely.

What's the market value per square foot of the CN Tower in Toronto compared to the building cost? Or Eiffel Tower. Or the great Pyramids. Or the Olympic Stadium in Atlanta. Or Cricket Stadium in Dubai Sports City. (please nobody try to answer, it's not a serious question). It doesn't always matter.
Hi guys.

I agree, it is a steep hill to climb to make a supertall profitable. Many are but many are not. I imagine an even smaller percentage of WTB and WTS over the years turn a profit.

This isn't the first tall structure that is the center piece of a larger development but I think it may be the first that is the WTS (or WTB for that matter). The whole idea is to make the entire development more profitable even though the center piece may not be.

I would hope to see the BK turn a profit in the years after it is fully occupied. It would be interesting to see the operations and maintenance numbers once it reaches that phase of its lifecycle.


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Old September 12th, 2011, 03:29 PM   #29847
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Very Interesting Fury, its good to know what goes into a project and how its put together.
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Old September 12th, 2011, 05:34 PM   #29848
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beautiful panorama
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Old September 13th, 2011, 01:41 PM   #29849
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Quote:
Originally Posted by PrincessTower View Post
Absolutely.

What's the market value per square foot of the CN Tower in Toronto compared to the building cost? Or Eiffel Tower. Or the great Pyramids. Or the Olympic Stadium in Atlanta. Or Cricket Stadium in Dubai Sports City. (please nobody try to answer, it's not a serious question). It doesn't always matter.
but if the cost blow out drains the co then your left with alot of undeveloped land as seen in geralds pic........
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Old September 13th, 2011, 02:21 PM   #29850
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It was the Crisis not the simple cost over-run that left those plots empty.
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Old September 13th, 2011, 11:06 PM   #29851
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It was the Crisis not the simple cost over-run that left those plots empty.
What crises Altin?
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Old September 15th, 2011, 12:39 AM   #29852
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Today's view from Business Bay:



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Old September 15th, 2011, 04:34 AM   #29853
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Hi all.

Hi Desert.
Awesome shot man.

For anyone interested, you can find 'Fury's Historical Burj Khalifa Thread', here
The BK - from the beginning.


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Old September 15th, 2011, 05:23 AM   #29854
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Yes! I recommend here! http://x.vu/227320
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Old September 15th, 2011, 01:17 PM   #29855
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What crises Altin?
Yeah, you got 2 "cats" now ... so 'what crisis?' indeed
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Old September 15th, 2011, 03:23 PM   #29856
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reminds you that this is an oasis in the desert

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Still lots to build

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Old September 18th, 2011, 12:37 AM   #29857
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Beautiful photos guys. Love that sky in Gerald's photo.
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Old September 18th, 2011, 01:35 AM   #29858
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Tonight:



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Old September 18th, 2011, 01:48 AM   #29859
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All these pics look extemely awesome
Please keep 'em coming!
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Old September 18th, 2011, 06:27 AM   #29860
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BEUTIFULL!!!!
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