Dubai's Mega-tall Skyscraper Boom Officially Ended

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Dubai's Mega-tall Skyscraper Boom Officially Ended
When New York's Equitable Life Building opened in 1870, the businessman behind the project, Henry Baldwin Hyde, was berated for having delusions of grandeur. Costing more than $4 million which is around $81 million in today's money, his insurance company's headquarters soared a then-astonishing seven stories above the streets of Manhattan. One hundred forty years later, the Burj Khalifa reached its highest point in Dubai's skyline at half a mile high and 163 floors; it was considered lavish by some. Both these structures serve as a valuable reflection that the evolution of skyscrapers has been driven by more than just money and technology, but also by symbolism and ego.

The race to the top of the world's tallest buildings started in the United States, however scholars are still debating whether or not the Equitable Life Building was the very first skyscraper ever built. The word "skyscraper" is often used to refer to buildings that are above 150 meters or 492 feet in height nowadays, but in the 19th century, there was no clear definition for the term, so perhaps it might not be the first ever. Nevertheless one thing is for sure, fabrication of towering structures has surged in recent years as nations like the UAE and Saudi Arabia strive to find new routes to more sustainable economic development. But new high-rises aren’t always indicative of progress.

Then, why do we need such tall buildings?

The simple answer is providing extra space for more employees or, in the context of residential construction, additional tenants. Height limitations are being studied and amended all around the globe in order to streamline areas for commercial and residential expansion. This is happening in unison with an increase in population density as well as improvements in engineering. This same thought back in 1880 to 1890 spurred a surge of inventiveness that would ultimately go on to shape the achievements that we see today, like the Empire State Building, the London Shard, and the Burj Khalifa. But today, skyscrapers are seen as a symbolic of a nation's wealth – the race is on across the world to build the tallest and the most impressive

Since the year 2000, there has been a 464 percent increase in the number of highrises assembled all around the globe. As of 2018, there were 1,478 buildings standing 200m or higher, according to data from the Council on Tall Buildings and Urban Habitat. Although the United States was the one that initiated the practice of rising upwards, Asia and the Middle East have decisively seized the lead when it comes to the building of the most towering structures. In fact, all five of the world’s tallest highrises are located in these two regions, with just three structures in the US breaking up their dominance of the top 20.

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