Major real estate projects around the world
Burj Khalifa, Hudson Yards, One World Trade Center, etc. The world has always been marked by large-scale real estate projects.
Burj Khalifa, Hudson Yards, One World Trade Center, etc. The world has always been marked by large-scale real estate projects. They may be the result of a desire for grandeur on the part of certain personalities, or to alleviate a demographic emergency.
Whatever the reason, these buildings, shopping centers or neighborhoods bring international renown to the places in which they are built. Malaysia, for example, is making a name for itself by building the world’s second-tallest tower, while Jeddah is aiming to take over first place from the Burj Khalifa.
Merdeka 118
After the Petronas Towers, Malaysia is celebrating its sovereignty with the Merdeka 118 skyscraper. The building is intended to resemble the stature of the first Prime Minister, Tunku Abdul Rahman, at the time of the country’s proclamation of independence.
This real estate project is of historic significance for Malaysia, hence the name “Merdeka”, which means independence.
With this skyscraper, Kuala Lumpur is now home to the world’s second-tallest building, behind Dubai’s Burj Khalifa. Merdeka is :
- 118 floors
- 679 m height including boom
- 292,000 m2 of floor space
- 5 basements
The building cost almost 1.5 billion euros to construct. When the doors open in mid-2023, visitors will be able to access :
- Office space
- A luxury hotel
- A vast shopping center
- A museum
- A mosque
- An observation deck
- Residencies
Dubailand
Dubai, the city of superlatives, is once again reaffirming its grandeur by building an entire city dedicated to entertainment. When it was launched in October 2003, Dubaïland was to cover 185 km2 and represent the equivalent of 3 Disneyworlds.
It was to house 7 theme parks, including 2 water parks. Today, the project has been taken over by another real estate group, which has divided it into individual projects. Dubailand has become one of Dubai’s most popular areas for affordable villas.
Dawang Mountain Resort
Spurred on by the organization of the 2022 Winter Olympics, China has launched the construction of Dawang Mountain Resort. With its futuristic architecture inspired by science-fiction films, it will be one of China’s biggest attractions.
Completion is scheduled for 2025. Visitors can then enjoy a large entertainment center with :
- An indoor ski slope
- A water park
- An outdoor swimming pool
- Commercial facilities
Dawang Mountain Resort covers a gross surface area of 120,000 m2. The construction will be topped by an impressive 169 m-high building.
The Triangle Tower
With the Tour Triangle, France is laying the foundations for the city of tomorrow. An investment of 700 million euros for a 180-metre, 42-storey tower. After opening, the building would become the third tallest in Paris, behind the Eiffel Tower and the Montparnasse Tower.
Erected in the heart of the Porte de Versailles Exhibition Centre, the Tour Triangle is home to :
- A 4-star hotel
- 2000 m2 of coworking space
- A health center
- A crèche
- A cultural space
- A shopping center
- 2600 m2 of green terraces
- Office space
This real estate project sets a new standard for green architecture in Europe. Scheduled for completion in 2026, the work will reveal a tower built with plans to optimize solar and wind power.
The tower of Djeddah
In 2008, even before the completion of what would later become the world’s tallest tower, the Burj Khalifa, Saudi Arabia had set its sights on a taller skyscraper.
This project came to fruition with the start of work on Kingdom Tower in 2014. It later became the Tower of Jeddah. A 1,008-metre-high building, 180 metres taller than the Burj Khalifa in the United Arab Emirates.
The project, valued at over 1.2 billion euros, has had a number of twists and turns, resulting in a pause in work at present.
Indonesia’s new capital
According to experts, 95% of Jakarta, the former capital of Indonesia, will be completely under water by 2050. Faced with this environmental threat, the Indonesian authorities decided to move the capital to Nusantara, on the island of Borneo.
2000 km from Jakarta, a large-scale real estate project estimated at over 30 billion euros is underway. The new capital will have to accommodate the 10 million inhabitants currently living in the megalopolis.
The first residents will be able to move in as early as 2024: 25,000 civil servants. Completion is scheduled for 2045.
With climate change, most of these real estate projects offer sustainable, environmentally-friendly housing. Even if some of them are temporarily at a standstill, their influence on real estate remains significant.