S oaring 200 storeys and 828 metres into the sky, the world’s tallest structure has opened in Dubai, a monument to the excesses of the emirate’s bygone boom. But while the $1.5-billion (U.S.) tower’s striking opulence recalls the unrestrained era of a massive property bubble, its surprise name is very much grounded in Dubai’s new reality. Originally called Burj Dubai, it was renamed Burj Khalifa Monday in a tribute to Sheik Khalifa bin Zayed al-Nahayan, head of the United Arab Emirates and ruler of Abu Dhabi, which came to debt-laden Dubai’s financial rescue last month.

January 5th, 2010
Money maker
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