Dubai is now home to the world’s tallest building, accordingly it is ranked fifth in the world with 236 building rising at the 100 meters (330 feet) in height. Four out of six tallest buildings have been already constructed in 2012, including the world’s tallest hotel, 355-meter JW Marriott Marquis tower which will be opened later this year, the 72-storeyed Rose Reyhaan Rotana Hotel which held the title of the world’s tallest tower in 2010, 393-meters residential building 23 Marina, 413-meters Princess Tower and 337- meters tall Torch Tower.
Nevertheless, Dubai continues to strengthen its position, more than 20 of 100 tallest towers in the world are located within the same city. Compared to other major cities like Guangzhou and Mecca, an average height of the buildings in Dubai is 385 meters, as opposed to 310 meters height of the building built in Guangzhou and 319 meters in Mecca.
Prior to 1999, in Dubai there were no buildings over 200 meters height, compared to the recent construction of the world’s 20% of the all tallest building as well as the tallest building of the world 828- meters height Burj Khalifa.
Over 110 billion dollars have been allocated to the real estate projects in Dubai
including the construction of towers in Abu Dhabi – Etihad and the Sky Tower, the 601-meter tower Makkah Clock Tower, which will be officially the second highest tower in the world after the Burj Khalifa. From year to year, the UAE market is growing rapidly at the rate of 6 percent, which is about $ 614 billion per year.