Mercedes unveils plan for $1billion ultra-lux 65-storey tower tall Dubai tower with apartments costing up to $10m each
DUBBED “the City of Gold” and a renowned hotspot for the rich and famous it can be difficult to stand out in Dubai.
But Mercedes have released plans for a $1billion 65-storey building that promises to do just that and will tower above the modern metropolis.
Mercedes-Benz Places will be a residential building and is expected to have apartments on offer for an eye-watering $10million each.
The auto company announced its venture into the real-estate world via Instagram on Thursday, which it’s doing with the help of Emirati developer Binghatti.
The glass-encased tower is expected to dwarf down town Dubai, standing 1,118 ft above the bustling metro.
It will have: “distinctive elliptical exterior that’s reminiscent of the flowing lines of a host of ultra-modern Mercedes-Benz cars,” according to the Instagram post.
Muhammad BinGhatti, CEO of Binghatti Properties, told Zawya Projects that construction has commenced and should be completed in the fourth quarter of 2026,
“Our team of architects and interior designers have been working with the creative team and designers at Mercedes-Benz for months on the design of the project,” he said.
In line with the developer’s commitment to sustainability, the rear part of the building will generate electricity to power the electric vehicle (EV) charging stations inside, the CEO stated.
The formal launch of the luxury tower is scheduled for January 2024.
Binghatti also has another project in full swing -with fellow luxury car manufacturer Bugatti.
It will include elevators to transport cars to penthouses, and broke ground last year, Bloomberg reported.
The firm has already sold 32 of the 182 residences in the Bugatti building, with buyers forking out as much as $2,620 per square foot — some of the highest prices Dubai has seen, say Bloomberg.
Top- 10 world's tallest buildings
- Burj Khalifa, UAE
At 2,717 ft tall, the structure in Dubai has been the tallest since 2009. It broke multiple world records, including world’s largest light and sound show staged on a single building. - Merdeka 118, Malaysia
Located in the capital Kuala Lumpur, this building is a megatall skyscraper spanning 2,227 ft height. It is also the tallest building in Southeast Asia and Malaysia. The spire of the building was finally completed in 2022. - Shanghai Tower, China
Synonymous to the name, it is located in Shanghai and is the tallest building in China at 2,073 ft. It is also the tallest and largest LEED platinum certified building in the world since 2015. The LEED is awarded to green structures that are environmentally sustainable. - Abraj Al-Bait Clock Tower, Saudi Arabia
A government-owned complex of seven skyscraper hotels in Mecca is aimed at catering the pilgrims and its tallest tower stands at 1,972 ft. It is also the sixth-tallest freestanding structure in the world. - Ping An International Finance Centre, China
At 1,966 ft tall, this skyscraper was completed in 2017 and is the second tallest building in China. It is also the second largest skyscraper in the world by floor area and holds the record for having the highest observation deck in a building.
6. Lotte World Tower, Seoul, Korea
Completed in 2016 the tower stands 1,821 ft tall and used to hold the title as the fourth tallest building in the world before it was knocked into 6th place.
It is a Massive 123-floor skyscraper housing a luxury hotel & an observation deck with breath-taking views.
7. One World Trade Center, New York City
Taking more than 13 years to build, tne World Trade Center became the tallest structure in New York City in 2012, when it surpassed the height of the Empire State Building.
It is 1,776ft tall and has the same name as the as the North Tower of the original World Trade Center, which was destroyed in the terrorist attacks of September 11, 2001.
8. Guangzhou CTF Finnance Centre, China
Completed in 2016 this building is the It is the tallest completed building in Guangzhou and the third-tallest in China.
Although it doesn’t hold this spot alone and is excactly the same height as the next building on the list.
It’s 1,739 ft tall and is a mixed-use skyscraper, housing a shopping mall, offices, apartments, and a hotel.
9. Tianjin CTF Finance Centre, Tianjin, China
Opening its doors in 2019 after taking six years to build, the tower stands at 1,739 ft tall.
It houses a hotel, serviced apartments and offices and has 97 floors.
It is described by som.com as “a groundbreaking model of material and structural efficiency.”
10. CITIC Tower Beijing, China
The 109-story 1,732 ft building is the tallest in the city, surpassing the China World Trade Center Tower III by 620 ft.
The building is is the corporate headquarters of CITIC Pacific Ltd and is also the headquarters of another development partner, Kerry Group.
CITIC Tower gets its nick name “China Zun” because its shape is like an ancient vessel “Zun”.