Dubai-based developer, the Trident International Holdings will be restarting to work on 516-meter, The Pentominum. This is billed as the world’s tallest residential tower by the third quarter.
In conjunction with the Dubai Land Department, Trident is vigorously working on several advanced selections towards restarting the construction of this project, according to a source. Considering the iconic size and nature of the project, the tower located in Dubai Marina was scheduled for completion in 2013 but work was suspended in August 2011 following the global financial crisis and customer default.
The above mentioned residential tower will have 122 floors above ground and house 172 luxury penthouses designed and planned by Salvatore Ferragamo, the prominent Italian fashion designer.
Arabian Construction Company was given a Dh1.46 billion contract for construction of the tower in 2009. The construction started on July 26, 2009 and at least 30 floors had been finished before it was stopped.
The Pentominium will turn out to be the second tallest building in Dubai after 828-meter next to Burj Khalifa which has known to be the tallest tower in the world.
By now, Dubai is home to four of the tallest residential towers with the 414-meter, Princess Tower in Dubai Marina keeping the world record according to the Council on Tall Buildings and Urban Habitat. The 395-meter 23 Marina is in second place, then the Elite Residence, 381-meter and 337-meter The Torch, Council data shows.
Emporis’ latest data reveals that Dubai has 1,882 tall buildings of which 869 exist, 625 are designed, while 341 is under construction, 46 un-built and one demolished. On the whole, the emirate has 909 high-rises and 451 skyscrapers.