Building skyscrapers and new football stadiums re signs of market optimism, and often market tops! The developers of the Burj Tower say it is 90% sold. But apparently that means sold to sub developers who are looking to re sell the parts of the building they bought, or lease them out. Apt prices have fallen from $1900 a sf to about half that. Hmm, really?
You will be relieved to know that there are safe floors every 25 stories or so. The structure is concrete and said to be airplane resistant unlike the steel structure of the WTC, at least that is the theory. By the way Dubai World is not the owner of this structure.
And so we have two giant construction projects on opposite sides of the world opening in the same two months, City Center in Las Vegas and the Burj. Good luck guys.
Professor Elam 
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