The Tallest Building In The World – Burj Khalifa

The Ninth Wonder of the World: World’s Tallest Skyscraper – The Dubai Tower

First Published: February 7, 2010

For those who are scared of heights, the Dubai Tower, also known as Burj Khalifa, is something they do not want to be anywhere near. Built in Dubai, UAE, the tower is the tallest structure ever built by humans, coming in at 2,717 feet, or 1,000 feet above the previous record holder in Taipei. Construction began in 2004, with it officially opening to the public and businesses in 2010 .  Through those six years of work, it took $1.5 billion to build the structure, which has now taken over several records. One interesting piece of information relating to the Dubai Tower is that it has returned the title of the world’s tallest structure to the Middle East after 700 years. Previously, the world’s tallest structure was the Great Pyramid at Giza, which stood as the tallest for 4,000 years until 1311 when it was pushed down the ranking by the Lincoln Cathedral in England.

Some other records this amazing building now holds include:

– Tallest extant structure.

– Tallest freestanding structure.

– Building with the most floors.

– World’s highest elevator installation.

– World’s fastest elevators (40 miles per hour).

– Highest vertical concrete pumping.

– First world’s tallest structure to include residential space.

– Highest outdoor observation deck.

– World’s highest mosque.

– World’s highest installation of an aluminum and glass façade.

– World’s highest swimming pool.

The design of the Dubai Tower was centered on Islamic architecture, with the design of the building incorporating the historical and cultural elements of the region. As well, the Y-shape of the building allows for the building to have a hotel and residential space in it. This is because the shape allows for both outward views that are unobstructed, as well as the maximum available inward natural light. The Y-shape of the building is actually inspired by the Hymenocallis flower. The tower features 27 terraces, with a spire at the top of the building pushing far into the air. The tower was built in order to provide excellent views of the Persian Gulf, and onion domes that are very popular in architecture of the Middle East have also been incorporated.

In order to provide maximum stability for the building, something that many who hate heights will worry about, the building actually twists 120 degrees from its base, giving it almost a cork-screw type of design to maximize strength. Of course, that does not stop swaying. At the top of the tower, there is a sway of about five feet.

In total, the Dubai Tower will hold 35,000 people at any time. There are a total of 57 elevators in the building, as well as eight escalators. Each elevator can carry as many as 14 people, and there were plans to install the first triple-deck elevators on Earth. Instead, double-deck elevators were chosen. If you were to walk from the bottom of the building to the top on the stairs, you would have to walk up 2,909 stairs from the ground floor to the top floor, 160 stories above.

Things are just beginning for the tower and area around it though. There are plans for a large-scale development that will include nine hotels, 30,000 homes, over seven acres of park, 19 residential towers, a mall and a man-made lake that stretches for 30-acres. Dubai is trying to push away from an oil economy and more into a tourist economy, hence the incredible focus on providing luxury to those who visit this wealthy nation.

Toronto’s New All-Glass Skyscraper - The Bay Adelaide West Tower

Skyscrapers Toronto

First Published: July 18, 2009

Toronto’s new sky-blue, all-glass, 51-story skyscraper is situated in the heart of Toronto downtown, in Toronto’s financial district at the corner of Bay and Adelaide streets. The Bay Adelaide West Tower (1.1 million square foot – 715 ft / 218 m tall) is the first building of the of the 2.6 million square foot Bay Adelaide project. Construction started in summer 2006 and expected to be completed in 2009. This tall tower is located at 333 Bay Street, Toronto, Ontario, Canada. The Bay Adelaide West Tower has many state-of-the-art safety features including blast resistant lower 11 floors.

What Is A Real Estate Rent To Value Ratio?

Can You Afford To Buy A Home?

When borrowing to buy a house, there are many things you need to take into account. The value of your desired property should correspond to how much you earn in such a way that you can see a point in the future when you would be able to make a final payment and clear your mortgage to own the house outright. Opinions differ on what proportion you should stay within in terms of salary to mortgage, with many people being of the opinion that you should spend no more than five times what you earn in a year to buy a house. Certain experts on the market say that you should consider it on a proportion of rent to valuation. That is to say that you should consider how much you can afford to pay in rent, and multiply it by a certain amount to get the ideal value.

Those who view it as a rent/value issue tend to agree on a proportionate value for a new house as being $125-$150 on a house for every dollar you pay in rent. Looking at it like that means that if you were renting for, for example – $1,000 a month, you could buy a house valued at $125-150,000, and so forth. If you paid back the mortgage at the same rate as you paid your rent, you could own the house in just over twelve years, depending on the proportion at which you set the bar and allowing for interest rates and fees. This does seem like a reasonable ratio, taking into account that your income and your other living costs may begin to vary either within or just after the end of that period. It also allows for fluctuation in interest rates.

Due to the situation that we find ourselves in at the moment with a view to the global economy, there are currently uniformly low interest rates in most of the bigger mortgage markets throughout the world. If you are in a financially strong position at the moment, unlike many people, you are in a stronger position than ever to afford a mortgage because the lower interest rates make the extra costs over and above the value of the house negligible compared with the same situation three to five years ago.

Additionally, the ratio set out above (of 125/150-1, value to rent), will grow if interest rates drop and fall if the rates rise. Looking at how much you pay in rent right now and taking into account the likelihood of a further drop, you can have a justifiable valuation for the house you can afford to buy. Of course mortgage rates depend on your own financial situation and the likelihood of that situation changing, as well as other aspects relating to your personal situation. Financial experts are currently suggesting that if you can find a mortgage with an interest rate of less than 5%, it is good value, unlikely to drop much further and you should take it, if all your requirements are satisfied.

Canadian Real Estate

Number of House Sales is Falling Fast, Prices Not So Much

First Published Date : February 19, 2009

The Canadian Real Estate Association has released its latest figures, and with them comes the news that house sales are falling in number as the housing market continues to feel the pressure of the global credit crisis. The headline of the latest figures is that sales have fallen by 41 per cent in the 12 month period from January 2008 to January 2009. With sellers reluctant to put their houses on a market that is filled with fairly anxious customers, the level of sales will naturally fall. What is positive, though, is that the prices on house sales are staying relatively constant by comparison.

While things south of the border continue to lurch while we wait for the results of President Obama’s stimulus package, Canada is showing many other countries that house prices do not need to fall anywhere near as fast nor as far as they have been elsewhere. One of the most remarkable pieces of news is that house prices have actually stabilized in recent months, with no fall since November. The good news overall is that the meltdown which has happened in the US seems unlikely to be repeated in Canada.

The Teranet-National Bank house price index – a highly technical database which uses enhanced data to compare year on year house prices – has shown an actual small rise (+0.6%) in prices between November 2007 and the same month in 2008. The same comparison for the USA has shown an eighteen percentage point fall – and a 25% fall overall since 2006. And although it is true that the figures seem to depend hugely upon the people providing them, the most reliable, respected indices are showing positive signs for the Canadian housing market.

There is certainly no disputing that numbers are falling still – houses are not being sold in such large numbers as they were before – but there are signs that the problems are being addressed. When sales fell off in 2008 this happened in Vancouver, Calgary and Toronto – where house prices are relatively high. Consequently, people in those cities are less likely to put their houses on the market in 2009, until things improve at least. Sales in Montreal, Winnipeg and Ottawa, comparatively, have remained more constant – unsurprisingly, as these are higher-priced cities.

As a rule, higher-priced houses are not being sold quite as often as before, with consumer confidence inevitably falling as a consequence of the fears over jobs – Canada, seen by many worldwide as an example of how to run an economy cautiously but positively, recently announced record job losses in one of the biggest signs yet of how global this crisis is. In the lower price cities, prices are beginning to rise while they fall in the higher priced cities. But overall the big news from the latest figures is to be summed up in one sentence: not the best news, but a lot better than some others are getting.

Why Buy International Real Estate Abroad

Options for buying a retirement home abroad

For a long time in the past when people went abroad all they had in mind was simply going out to spoil themselves vacationing from the familiar environment and all they brought back was a few mementos and probably a camera full of pictures they clicked away. However things are turning different today, what with the prospects of acquiring property abroad and settling there, especially after one has retired. Many folks who faced an uncertain future due to the cost of property at home are discovering they can actually acquire high end properties such as condos and villas abroad at what would sound like a good bargain at home.

Many people are now in the acquisition frenzy because of the many stories they have heard from others who have successfully bought real estate abroad. The current economic crisis has not made things better, what the depreciating value of most people’s lifetime savings. The cash people thought would go along way in taking them through retirement is slipping through their fingers. Whereas it would cost you hundreds of thousand of dollars to try and invest locally, things are looking very positive abroad and it is now a race against time as most savers try and get a piece of the cake.

To give you an idea of how sweet things are, consider that for example, a resident of Florida who wants to escape to someplace out of the country but not to far from home would consider settling in Mexico. Whereas they would require a minimum of $100,000 in Florida itself or $150,000 to buy a small apartment in New York city, going down to Mexico they would most likely acquire a beautiful condo with a beachfront for as little as $50,000 which means they will still have enough change to help them settle down for many days to come. Apart from the low prices they will have escaped to a quite and secure place to enjoy their sunset years.

For the person who is a little adventurous another unique location to consider would be Nicaragua which is nestled quietly at the heart of Central America. This is a country that has left behind a long dark history of civil wars and is now a fast developing third world country but with all the trappings of the first world. For a long time people consider Costa Rica to be the only place you could settle in the region but now they are knowing better. You will enjoy getting a nice villa with its own large compound, fro those who love space for anything between $50,000 and $100,000 on the very higher side. The cost of living is nothing to compare with many places in the Americas.

But if your idea of a real escape is far away in Europe you may want to consider the emerging property market of Eastern Europe. For prices that you will consider a real throw away when you compare with the rest of Western Europe you will grab for yourself a first class condo or even a serene waterfront villa. As the rest of the continent struggles to grab the little remaining space, here you will acquire large swathes of beach property for as little as $40,000 and that is just the beginning of the good news.

To streamline and minimize blog maintenance, I will be discontinuing maintaining the website (however, I will still hold the domain). I will gradually move all articles from this site to Ahmed Dawn Dot Com. This article originally published on the above website on Dec 5, 2009.