Construction on Cayan Tower, previously known as Infiniti Tower, started in 2006 but was delayed soon after by major flooding in the basement. The tower was set to finish in 2010 but then faced another hurdle -- the financial crisis in 2009.
Dubai (CNN) -- A land of superlatives.
The world's tallest tower, the longest driverless public transit network, the largest illuminated advertising sign, to name a few.
Now Dubai, one of seven emirates making up the United Arab Emirates, is home to another record: the tallest twisted structure in the world.
Cayan Tower, which spirals at 90 degrees from the bottom to the top, was inaugurated on Monday with a spectacular firework display as it stands in the Dubai Marina, a man-made harbour.
Photographer Daniel Cheong spent the past six months photographing the record-breaking skyline of Dubai, UAE, at just the right moments. Burj Khalifa, the world's tallest building at 2,722 feet, is seen here from the 79th floor of the Index Tower.
Stunning photos of Dubai's skyline
Breaking records in the Middle East
Dubai's vision
The 1 billion dirham ($272 million) residential tower has 75 floors housing 495 apartments. Developer, Cayan Real Estate Investment and Development Company, says 80% of the units have already been sold.
On a secondary market property website, a one-bedroom apartment carries a price tag of $435,000.
The structure stands at 307 meters high with each floor rotated by 1.2 degrees.
Construction on Cayan Tower, previously known as Infiniti Tower, started in 2006 but soon after that a major flooding in the basement caused a delay. The tower was set to finish in 2010 but then faced another hurdle, the financial crisis in 2009.
The credit crunch forced many projects in the city to be put on hold or be scrapped altogether.
Dubai, whose economy relies heavily on real estate, saw property prices slump as much as 60% during that time.
But a recovery is well underway in the Emirate.
Analysts at property consultant, Jones Lang LaSalle, say real estate investment in the first quarter of the year has been "very active". Sale and rental prices continue to rise, building on the strong growth of 2012.
READ: Bling, kebabs, cocktails: Guinness World Records moves to Dubai
READ: Is Dubai the center of the world (again)?
READ: Watch out street racers, Dubai cops have Lamborghini
Loading weather data ...
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
The 1 billion dirham ($272 million) residential tower has 75 floors and houses 495 apartments. It stands in the Dubai Marina, a man-made harbor.
The structure stands at 307 meters high with each floor rotated by 1.2 degrees.
The tower, which spirals at 90 degrees from the bottom to the top, was inaugurated on Monday June 10 with a spectacular firework display.
Looking north from the 101st floor of the Burj Khalifa, the Index Tower, center, and other skyscrapers stand high above the clouds.
The skyline just along the coastline of the Persian Gulf is seen from the 85th floor of the Princess Tower.
Looking north from the 79th floor of the Index Tower, the tops of the Park Towers, bottom center, along with the buildings lining Sheikh Zayed Road are visible.
The windows of the Burj Khalifa catch a glint of sunlight as the skyscrapers of Dubai stand high above the clouds in this image taken from the 79th floor of the Index Tower.
|