Rotating towers still in the cards

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David Fisher's rotating Dynamic Tower.

The financial crisis will not stop the construction of two rotating tower projects in Dubai with both the developments predicted to break ground in the coming months.

The 80-storey Dynamic Tower, famous for its independently rotating floors, was tentatively scheduled to start construction by the end of last year but has been hampered by delays in acquiring land approvals.

The Dubai property market has since been struck by the financial crisis, putting the brakes on several large projects and slashing real estate investment in emirate.

Despite this, the tower's architect, David Fisher, said the US $700 million (AED2.6 billion) project is still going ahead.

"The financial crisis of course does not help real estate," said Fisher in an email to Construction Week.

"However, it seems that luxury buildings and mainly iconic buildings such as the Dynamic Tower are among the few that will be built," he said.

"In fact we intend to launch the project quite soon, at which time all information will be revealed."

The intended location of the tower has still not been disclosed. Construction of the tower is expected to take 22 months from the start of excavations due to the use of pre-fabricated units which are currently being manufactured in Italy.

Meanwhile, developers behind another rotating tower project, the 55° Time Dubai tower, say they too have been delayed but should be breaking ground sometime in the next two months.

"The paper work is already in place and we're ready to move," said 360° Time World director Tav Singh.

"We're just holding back and giving some extensions to some of the people involved so that they can make their payments because we don't want them to cancel their contracts."

The US $204 million tower will be located in Dubailand's City of Arabia and has been designed to rotate all 30 storeys 360° over the course of one week. Construction is expected to be completed in two years.

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