Dubai-based developer, the Trident International Holdings will be restarting to construct on 516m, The Pentominum. This is billed as the tallest residential tower in the world by the third quarter.
Trident, in collaboration with the Dubai Land Department, is vigorously working on a number of modern selections towards restarting the project construction, according to a source. Keeping in mind the massive size and scale of the project, the structure set in Dubai Marina was planned for completion in 2013 but project was suspended in August 2011 due to the global financial crisis and customer default.
The above mentioned residential tower, once done will occupy 122 floor levels above ground and will have 172 posh penthouses designed and planned highly acclaimed by Salvatore Ferragamo, the prominent Italian fashion icon.
Arabian Construction Company was given a Dh1.46 billion contract for construction of the tower in 2009. The construction started on 26th of July 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 houses 4 of the highest residential towers with the 414m, 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 skyscrapers of which 869 exist, 625 are designed, while 341 is under construction, 46 unbuilt and one demolished. On the whole, Dubai has 909 high-rises and 451 skyscrapers.