• Both towers of One Zaabeel have been topped out.
    Both towers of One Zaabeel have been topped out.
  • Construction on One Zaabeel reaches a milestone after lifting the 192-metre section of The Link that connects the two towers. Courtesy: Ithra Dubai
    Construction on One Zaabeel reaches a milestone after lifting the 192-metre section of The Link that connects the two towers. Courtesy: Ithra Dubai
  • Part of The Link was lifted to begin connecting the two towers of One Zaabeel. Courtesy: Ithra Dubai
    Part of The Link was lifted to begin connecting the two towers of One Zaabeel. Courtesy: Ithra Dubai
  • One Zaabeel construction by night. The buildings are due to be completed by next year. Courtesy: Ithra Dubai
    One Zaabeel construction by night. The buildings are due to be completed by next year. Courtesy: Ithra Dubai
  • One Zaabeel. Courtesy: Ithra Dubai
    One Zaabeel. Courtesy: Ithra Dubai
  • Once completed, One Zaabeeel will boast panoramic views of the emirate as well as luxury residences, a hotel, offices and retail spaces. Courtesy: Ithra Dubai
    Once completed, One Zaabeeel will boast panoramic views of the emirate as well as luxury residences, a hotel, offices and retail spaces. Courtesy: Ithra Dubai

UAE

Dubai megaprojects: taller tower of One Zaabeel reaches highest point

Tower A of the striking development beside Dubai's Trade Centre topped out

The National

April 13, 2021

  • English
  • Arabic

The higher tower of Dubai's next megaproject has been topped out.

Tower A of One Zaabeel – located beside Dubai's Trade Centre – has reached its highest structural point, developer Ithra said on Monday.

Topping out is a term used in construction that refers to when the last beam has been placed on top of a structure.

One Zaabeel consists of two towers connected by what's known as "The Link", which will host restaurants and an observation deck.

This latest addition to Dubai's glittering skyline has now moved a step closer to completion.

"One Zaabeel is a true reflection of Dubai’s spirit as it echoes the city’s message of unbridled ambition, innovative luxury and creative architecture," Issam Galadari, chief executive of Ithra Dubai, said.

"The iconic development today reached a pinnacle in construction with the top out of Towers A and B, bestowing a new wonder of architectural design, ultra-luxurious offerings and innovative construction onto the world map."

Tower A is 304 metres high and will house mainly offices and a resort, while the 241m Tower B consists of residential units over 57 storeys. Tower B was topped out earlier.

When complete, The Link will offer spectacular views of the Dubai skyline. Courtesy: Ithra Dubai
When complete, The Link will offer spectacular views of the Dubai skyline. Courtesy: Ithra Dubai

The Link – essentially a bridge between the two towers – was lifted into place last year and is about 100 metres above the ground.

It is expected that cladding and exterior works will finish on the development by the end of the year and attention will then turn to the interior.

The development also includes a One&Only resort. It was not revealed when One Zaabeel would open.

UAE megaprojects - in pictures

  • Inside the Mangrove Atrium at Reem Mall, set to open on Abu Dhabi's Reem Island in late 2020. Courtesy Reem Mall
    Inside the Mangrove Atrium at Reem Mall, set to open on Abu Dhabi's Reem Island in late 2020. Courtesy Reem Mall
  • The Royal Atlantis Resort & Residences will be located on the crescent of The Palm, next to the Atlantis, The Palm resort. Supplied
    The Royal Atlantis Resort & Residences will be located on the crescent of The Palm, next to the Atlantis, The Palm resort. Supplied
  • The atrium of the ME by Melia hotel in Business Bay, designed by the late Zaha Hadid. Courtesy Melia
    The atrium of the ME by Melia hotel in Business Bay, designed by the late Zaha Hadid. Courtesy Melia
  • Ain Dubai at Bluewaters Island Dubai will be the world's tallest observation wheel when it opens in 2020. Leslie Pableo / The National
    Ain Dubai at Bluewaters Island Dubai will be the world's tallest observation wheel when it opens in 2020. Leslie Pableo / The National
  • An aerial view of Abu Dhabi's Midfield Terminal under construction. The airports and the aviation sector play an integral role in fighting the Covid-19 outbreak. Photo by H.G. Esch
    An aerial view of Abu Dhabi's Midfield Terminal under construction. The airports and the aviation sector play an integral role in fighting the Covid-19 outbreak. Photo by H.G. Esch
  • Dubai’s Museum of the Future is nearing completion. Antonie Robertson / The National
    Dubai’s Museum of the Future is nearing completion. Antonie Robertson / The National
  • The Palm Tower will be home to an 18-floor St Regis hotel, with an infinity pool on the 50th floor. Courtesy Nakheel
    The Palm Tower will be home to an 18-floor St Regis hotel, with an infinity pool on the 50th floor. Courtesy Nakheel
  • Dubai is set to get its own Madame Tussauds waxwork museum. AFP
    Dubai is set to get its own Madame Tussauds waxwork museum. AFP
  • The Al Wasl Plaza will be the hub for 2020. Courtesy Dubai Expo 2020.
    The Al Wasl Plaza will be the hub for 2020. Courtesy Dubai Expo 2020.
  • The Mohammed bin Rashid Library is designed to resemble an open book and is opening near Festival City
    The Mohammed bin Rashid Library is designed to resemble an open book and is opening near Festival City
  • The Address Sky View was designed by the same architects that created Dubai's Burj Khalifa
    The Address Sky View was designed by the same architects that created Dubai's Burj Khalifa
  • An artist illustration of the Meydan Mall's interior. Courtesy Meydan
    An artist illustration of the Meydan Mall's interior. Courtesy Meydan
  • A zombie-themed entertainment zone will open at The Night Market in Deira Islands. Courtesy Nakheel
    A zombie-themed entertainment zone will open at The Night Market in Deira Islands. Courtesy Nakheel
  • Al Qana will be home to The National Aquarium - the biggest in the Middle East. Courtesy Department of Urban Planning and Municipalities and Al Barakah International Investment
    Al Qana will be home to The National Aquarium - the biggest in the Middle East. Courtesy Department of Urban Planning and Municipalities and Al Barakah International Investment
  • The Mangrove boardwalk is on Jubail Island. Wam
    The Mangrove boardwalk is on Jubail Island. Wam
  • A new zip-line course has opened at Ras Al Khaimah's Jebel Jais, while a bungee jump will open in 2020. Courtesy Action PR Group
    A new zip-line course has opened at Ras Al Khaimah's Jebel Jais, while a bungee jump will open in 2020. Courtesy Action PR Group
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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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