Dubai is once again attempting to knock the world's architectural socks off with their latest building, the Giant Pearl. The Duabi Giant Pearl is an all-in-one residential and work structure set to stand out amongst the magnificent skyscrapers and towers that dot the tiny Arab nation.
The Duabi Giant Pearl measures in at 20 million square feet and will require over three million man hours to construct. The Giant Pearl will have themed residences that will be built to customer specifications. The Giant Pearl will also house seven hotels, an untold number of restaurants and shops and an 1,800 seat theater. There's no word on when the project will be completed, but 95 percent of the residences inside the Giant Pearl have already sold, so I can't imagine it would take for than a few years to get this bad boy up and running.
Luxury Desert Oases
Dubai's Giant Pearl is the Perfect Companion Piece to the Burj Khalifa
Trend Themes
1. Luxury Mixed-use Developments - Developing mixed-use structures that combine residential and commercial components is a growing trend in luxury real estate development.
2. Customization in High-end Housing - Offering themed residences built to customer specifications is becoming a popular selling point for luxury real estate developers.
3. Integrated Entertainment and Hospitality Offerings - Providing a variety of high-end entertainment and hospitality options within a single development is an emerging trend in luxury real estate development.
Industry Implications
1. Luxury Real Estate - Luxury real estate developers have an opportunity to break new ground by developing mixed-use structures that blend residential and commercial components.
2. Hospitality - The hospitality industry can take advantage of the trend towards integrated entertainment and hospitality offerings by partnering with luxury real estate developers and providing top-tier amenities for residents and visitors.
3. Entertainment - The entertainment industry can capitalize on the trend towards integrated entertainment and hospitality offerings by partnering with luxury real estate developers to provide unique and exclusive experiences for residents and visitors.