DUBAI // Dubai Property Ring, a developer with plans to build 24 buildings around the world that rotate through 360 degrees, says it will break ground on its first project in the planned Dubai-based City of Arabia community next month.
"We are preparing to launch sales very soon," said Tav Singh, the company's director, on the third day of Cityscape Dubai yesterday. He said prices on the seventh floor would start at Dh7,000 (US$1,905) per square foot.
The 55 Time Dubai building will be constructed on a circular set of hydraulic pads that rotate very slowly, giving every apartment owner a 360-degree view over the period of one week.
The approximately Dh700 million building would have 200 apartments, and "every one of them has a premium", Mr Singh added. "Each one has the kind of view that you pay extra for."
The groundbreaking of 55 Time Dubai would mark the beginning of a race for rotating buildings in Dubai. Another developer, David Fisher of Dynamic Architecture, has announced an even taller building where individual floors rotate at different speeds.
Leslie E Robertson Associates, which did the engineering for the 500-metre Mori Building in Shanghai, has also been hired to create the technology for Mr Fisher's building, known as "Rotating Tower". Mr Fisher has not revealed the exact location of his building.
Nicholas Cooper, the engineer who devised the system for 55 Time Dubai, said he could not comment on Mr Fisher's project because none of the technical details about the rotational technology had been released. He said the key to rotating an entire building was "simplicity".
"The most important thing to allay fears is that it will move very quickly," he said. "It has to be a dignified timepiece, not a merry-go-round."
The entire 80,000-tonne building would sit on a circle of bearings that would activate each hour to lift the building up and rotate it by about 50cm. A central core would run up the height of the building and hold the water and plumbing system. Electricity would be transferred into the building by a similar set-up to a subway car, with a curved metal track that conducts power by touch. The system would be modular so that each component could easily be repaired.
Dubai Property Group has plans to build one of the "Times Residences" in each of the world's 24 time zones, including New York, Paris and Mumbai.
bhope@thenational.ae
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
Company%20profile
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
The five pillars of Islam
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
The five pillars of Islam
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching