Dubai's Uptown Tower currently stands at 329 metres.
Dubai's Uptown Tower currently stands at 329 metres.
Dubai's Uptown Tower currently stands at 329 metres.
Dubai's Uptown Tower currently stands at 329 metres.

Where does Dubai's new Uptown Tower rank in list of world's tallest buildings?


Ian Oxborrow
  • English
  • Arabic

A new year and yet another sky-busting tower in Dubai.

This time it's Uptown Tower, which is sandwiched between the southern end of Jumeirah Lakes Towers and the Jumeirah Park community.

The skyscraper reached 329 metres last week when the concrete was poured for the roof of the 79th level. It will eventually reach 340m when a steel crown is placed on top.

The Uptown Dubai District is set to offer 10 million square feet of residential and business space, with 200 shops and restaurants.

But where does Uptown Tower rank in terms of the world's tallest buildings?

Of course, it is some way below the 828m Burj Khalifa, and doesn't even make Dubai's top 10, but, as anyone who has stood near it will affirm, it's still huge.

And, to answer the question, it will be the world's 80th tallest building, according to data from Emporis, unless one of the 13 soon-to-be-finished buildings is higher.

World's tallest towers

  • 10th - Taipei 101, Taipei, Taiwan, 509 metres. EPA
    10th - Taipei 101, Taipei, Taiwan, 509 metres. EPA
  • 9th - Citic Tower, Beijing, China, 528m. Bloomberg via Getty Images
    9th - Citic Tower, Beijing, China, 528m. Bloomberg via Getty Images
  • 8th - CTF Finance Centre, Tianjin, China, 530m. Getty Images
    8th - CTF Finance Centre, Tianjin, China, 530m. Getty Images
  • 7th - CTF Finance Centre, Guangzhou, China, 530m. Getty Images
    7th - CTF Finance Centre, Guangzhou, China, 530m. Getty Images
  • 6th - One World Trade Centre, New York City, 541m. Getty Images / AFP
    6th - One World Trade Centre, New York City, 541m. Getty Images / AFP
  • 5th - Lotte World Tower, Seoul, South Korea, 554m. AFP
    5th - Lotte World Tower, Seoul, South Korea, 554m. AFP
  • 4th - Ping An International Finance Centre, Shenzhen, China, 599m. Bloomberg
    4th - Ping An International Finance Centre, Shenzhen, China, 599m. Bloomberg
  • 3rd - Makkah Royal Clock Tower, Saudi Arabia, 601m. EPA
    3rd - Makkah Royal Clock Tower, Saudi Arabia, 601m. EPA
  • 2nd - Shanghai Tower, Shanghai, China, 632m. Reuters
    2nd - Shanghai Tower, Shanghai, China, 632m. Reuters
  • 1st - Burj Khalifa, 828m. AFP
    1st - Burj Khalifa, 828m. AFP

Where does Uptown Tower rank among the UAE's tallest buildings?

Quite highly, but it doesn't make the top 10. Dubai has almost 20 per cent of the world’s tallest completed buildings, according to The Skyscraper Centre of the Council on Tall Buildings and Urban Habitat.

But not all of the UAE's high rises are in Dubai, with Abu Dhabi having some of the tallest, as well.

Uptown Tower is the 14th tallest in the UAE, just behind Adnoc Tower on Abu Dhabi's Corniche (342m); The Torch in Dubai Marina (352m), Emirates Tower 1 (354m) and the JW Marriott Marquis (355m).

You can see the tallest in the Middle East in the slideshow below:

  • ALMAS TOWER, DUBAI, 360 metres: Part of Jumeirah Lakes Towers, Almas tower was briefly the tallest in Dubai when it was topped out in 2008. It is the headquarters of Dubai Multi Commodities Centre, with high security vaults and safe deposits to protect clients' assets. Gabriela Maj / Bloomberg
    ALMAS TOWER, DUBAI, 360 metres: Part of Jumeirah Lakes Towers, Almas tower was briefly the tallest in Dubai when it was topped out in 2008. It is the headquarters of Dubai Multi Commodities Centre, with high security vaults and safe deposits to protect clients' assets. Gabriela Maj / Bloomberg
  • ADDRESS BOULEVARD, DUBAI, 370 metres: Opened in March 2017, Address Boulevard boasts sells itself as a "city lifestyle resort". Residents and guests do not need to step onto the balmy streets to access Dubai Mall, which is it connected to with an air conditioned bridge. Not to be confused with the 300 metre tall Address Downtown, which was built in a similar modernist Art Deco style and opened in 2008. Courtesy: Emaar Hospitality
    ADDRESS BOULEVARD, DUBAI, 370 metres: Opened in March 2017, Address Boulevard boasts sells itself as a "city lifestyle resort". Residents and guests do not need to step onto the balmy streets to access Dubai Mall, which is it connected to with an air conditioned bridge. Not to be confused with the 300 metre tall Address Downtown, which was built in a similar modernist Art Deco style and opened in 2008. Courtesy: Emaar Hospitality
  • ELITE RESIDENCE, DUBAI, 380 metres: Opened in 2012, at an estimated cost of Dh1bn, the 91 floors have nearly 700 flats with views over Palm Jumeirah. It boasts a distinctive design and is recognisable on the marina skyline. Chris Whiteoak / The National
    ELITE RESIDENCE, DUBAI, 380 metres: Opened in 2012, at an estimated cost of Dh1bn, the 91 floors have nearly 700 flats with views over Palm Jumeirah. It boasts a distinctive design and is recognisable on the marina skyline. Chris Whiteoak / The National
  • BURJ MOHAMMED BIN RASHID, ABU DHABI, 381 metres: Abu Dhabi makes it into the top 10, with a building named in honour of the Ruler of Dubai. Completed in 2013, the capital’s tallest building is part of the World Trade Centre which includes a mall and souq. Mona Al Marzooqi/ The National
    BURJ MOHAMMED BIN RASHID, ABU DHABI, 381 metres: Abu Dhabi makes it into the top 10, with a building named in honour of the Ruler of Dubai. Completed in 2013, the capital’s tallest building is part of the World Trade Centre which includes a mall and souq. Mona Al Marzooqi/ The National
  • 23 MARINA, DUBAI, 392 metres: Briefly the world’s tallest residential tower, 23 Marina opened in 2012. It includes 57 swimming and plunge pools, with 62 high speed lifts, including one for each of the 23 four bedroom duplexes, and boasts views over Media City's lake and amphitheatre. Chris Whiteoak / The National
    23 MARINA, DUBAI, 392 metres: Briefly the world’s tallest residential tower, 23 Marina opened in 2012. It includes 57 swimming and plunge pools, with 62 high speed lifts, including one for each of the 23 four bedroom duplexes, and boasts views over Media City's lake and amphitheatre. Chris Whiteoak / The National
  • AL HAMRA TOWER, KUWAIT CITY, 412 metres: Kuwait’s tallest building is marked by its curved sculpted concrete exterior, which is also the world’s tallest of its type. It was completed in 2011 with offices, a shopping mall and a rooftop restaurant. AFP
    AL HAMRA TOWER, KUWAIT CITY, 412 metres: Kuwait’s tallest building is marked by its curved sculpted concrete exterior, which is also the world’s tallest of its type. It was completed in 2011 with offices, a shopping mall and a rooftop restaurant. AFP
  • PRINCESS TOWER, DUBAI, 413 metres: The tallest residential building in the world until it was overtaken by 432 Park Avenue in Manhattan five years ago, Princess Tower was opened in 2012 with 763 residential units. There are 107 storeys, including six underground, with an observation deck on the 97th floor. Chris Whiteoak / The National
    PRINCESS TOWER, DUBAI, 413 metres: The tallest residential building in the world until it was overtaken by 432 Park Avenue in Manhattan five years ago, Princess Tower was opened in 2012 with 763 residential units. There are 107 storeys, including six underground, with an observation deck on the 97th floor. Chris Whiteoak / The National
  • MARINA 101, DUBAI, 425 metres: The second tallest building in Dubai is also the 27th tallest in the world. Construction began in 2006 and, although it was completed in 2017, the building remains unfinished and unoccupied due to financing issues. Chris Whiteoak / The National
    MARINA 101, DUBAI, 425 metres: The second tallest building in Dubai is also the 27th tallest in the world. Construction began in 2006 and, although it was completed in 2017, the building remains unfinished and unoccupied due to financing issues. Chris Whiteoak / The National
  • MAKKAH ROYAL CLOCK TOWER, MAKKAH, 601 metres: Part of the Abraj Al Bayt complex, the tower over looks the Great Mosque of Makkah and the Kaaba and was completed in 2012. It includes the highest and tallest clock faces in the world – the minute hands alone are 23 metres long. AFP
    MAKKAH ROYAL CLOCK TOWER, MAKKAH, 601 metres: Part of the Abraj Al Bayt complex, the tower over looks the Great Mosque of Makkah and the Kaaba and was completed in 2012. It includes the highest and tallest clock faces in the world – the minute hands alone are 23 metres long. AFP
  • BURJ KHALIFA, DUBAI, 828 metres: The tallest building in the world when it was completed in 2010, Burj Khalifa actually took the title a year earlier when it surpassed Taiwan’s Taipei 101. It boasts several world records, including the building with the most floors (163), the world’s longest elevators at 504m, and the world's highest restaurant. It is so tall the sun sets three minutes later on the observation deck than on the ground. Tarek Fahmy / Reuters
    BURJ KHALIFA, DUBAI, 828 metres: The tallest building in the world when it was completed in 2010, Burj Khalifa actually took the title a year earlier when it surpassed Taiwan’s Taipei 101. It boasts several world records, including the building with the most floors (163), the world’s longest elevators at 504m, and the world's highest restaurant. It is so tall the sun sets three minutes later on the observation deck than on the ground. Tarek Fahmy / Reuters

What else is coming up on the horizon?

There are a few big projects in the pipeline in Dubai.

Construction of Ciel Tower in Dubai Marina is under way and will eventually reach 360m, according to developer The First Group.

It will have 1,209 luxury hotel suites and serviced residences spread over 82 levels, plus a glass observation deck with 360-degree views.

One Zabeel, meanwhile, is a pair of towers located next to Dubai's Trade Centre, connected by a 7,700-tonne bridge.

Tower A measures 304 metres and topped out in April 2021, while the 241m Tower B topped out earlier.

In Saudi Arabia, work on Jeddah Tower – slated to be the world's tallest once complete – is ongoing, although progress has been slow since construction started in 2011.

Meanwhile, in Downtown Kuala Lumpur, what will be the world's second-tallest skyscraper reached its final height in December.

Merdeka 118 is 678.9m, taller than the current second-tallest building, Shanghai Tower.

Designed by Australian firm Fender Katsalidis, Merdeka, 118 is scheduled to be completed later this year.

The Exchange 106, right, the 21st tallest building in the world, and the soon-to-be second-tallest building, Merdeka 118, in Kuala Lumpur, Malaysia. EPA
The Exchange 106, right, the 21st tallest building in the world, and the soon-to-be second-tallest building, Merdeka 118, in Kuala Lumpur, Malaysia. EPA

In Egypt, Africa’s tallest skyscraper has risen in the desert. The concrete, 385-metre Iconic Tower was completed in June last year and is set to open its doors in the first quarter of this year.

The Iconic Tower skyscraper under construction at Egypt's New Administrative Capital mega-project, 45 kilometres east of Cairo. It is now complete and due to open in the first quarter of this year. AFP
The Iconic Tower skyscraper under construction at Egypt's New Administrative Capital mega-project, 45 kilometres east of Cairo. It is now complete and due to open in the first quarter of this year. AFP

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: January 26, 2022, 12:01 PM