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bling bling
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Whiskey Tango Foxtrot
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^^

Dubai set to get the world’s tallest commercial tower

DMCC says work in concept design; financially strong to complete the project

By Parag Deulgaonkar
Published Tuesday, July 02, 2013

The Dubai Multi Commodities Centre (DMCC), the master developer of Jumeirah Lakes Towers, on Tuesday said it will be building a new business park with the centerpiece being the world’s tallest commercial tower.

The DMCC Business Park, comprising 107,000 square metres of commercial and retail space, and the world’s tallest commercial tower, are currently in the concept design phase.

No details were given on the height, location or when work will commence on the tower.

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Ahmed bin Sulayem, Executive Chairman of DMCC, said: “The world’s tallest commercial tower and the DMCC Business Park are the next natural steps to ensure we continue to welcome companies to the free zone as demand grows - particularly large regional corporations and multi-nationals – in the near future. The initiative is designed to further strengthen Dubai’s position as the global hub for commodities trade and enterprise.”

DMCC has not had any external debt for several years, according to Islam Zughayer, managing director and head, Berenson MENA, an investment banking firm with offices in New York, Dubai and Kuwait.

“Prudent fiscal management and focussed leadership have allowed DMCC to maintain a healthy balance sheet that can support a project of this magnitude,” said Zughayer.

http://www.emirates247.com/news/emi...-tallest-commercial-tower-2013-07-02-1.512893
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Could be a corker! :cheers:
 

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whitest boy in the delta
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sweet :cheers: we knew dubai was back, but now it is getting real crazy again!
 

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The DMCC Business Park, comprising 107,000 square metres of commercial and retail space, and the world’s tallest commercial tower, are currently in the concept design phase. No details were given on the height, location or when work will commence on the tower.
so don't get too excited just yet. this is still just and idea in someone's head. A design is probably months away.
 

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The design itself is not really that important now. The fact that they are indeed planning a commercial center with the world's highest commercial tower means they aim high so we can expect something interesting here.
 

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sweet :cheers: we knew dubai was back, but now it is getting real crazy again!
Would not go that far, there are still a crap load of projects that are not moving and many others that are moving at a snails pace (not talking supertalls just projects in general). I have a bunch of friends who work there on 2 different large projects.

Regardless of that to the topic at hand this would be amazing, looking forward to seeing the design.
 

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The AlphaWolf of the Pack
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The first megatall in Dubai since the Burj Khalifa?
EDIT: my 300th post! :banana:
 

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IMO it's way to early to open a thread for this .... for the Lagoons tower as well
 

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As far as I know (admittedly not very far), most of the stalled/cancelled projects in Dubai were either primarily or entirely residential. Maybe the office market is doing better?
 

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^^ Nope, most were actually commercials and mixed use .... talking about huge towers here, not some "tiny" 12 - 30 floors
 
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