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06/25/2005 Entry: "Burj Dubai development cost expected to increase to Dh20b"

Construction cost of the overall Burj Dubai development could shoot up to Dh20 billion, of which about Dh10 billion worth of contracts have been awarded so far, according to a senior official.

"We have awarded about 30 construction packages, valued at Dh10 billion, which include the most important components, Burj Dubai and Dubai Mall," Fred Durie, Emaar Properties' senior director for development projects, told Gulf News... The first residents are scheduled to move into the Burj Residence towers next summer. However, the entire project will not be completed before 2009... MORE

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