Top 10 most expensive buildings in the world
We took a look at the most expensive buildings in the world as listed by Express, and find out which comes out on top by construction cost.
10 | The Antila
The Antila is a private home located in Mumbai, India. Express places its construction cost at approximately $2.14bn. First Post calls the real estate prices in Mumbai “steady”, citing the costs and complications of the 60 building approvals necessary to begin construction in the area. Express names the Antila the world’s most expensive private home, while Business Insider calls it “the first billion-dollar home.” With 27 floors, and 400,000 sq ft of space, it took four years to build. Residing in the Antila are Nita Ambani, Mukesh Ambani and their three children. Forbes names Mukesh Ambani the fifth richest man in the world, placing his net worth at $43bn. They consulted with two architecture firms in order to design and build their custom home: Hirsch Bedner Associates, and Perkins + Will.
9 | City of Dreams Hotel Casino
The City of Dreams Hotel Casino is often referred to as the “Las Vegas of the East”. Located in Macau, China, Express places its construction cost at $2.53bn. Owned by Melco Resorts & Entertainment Limited, it is one of the region’s leading leisure destinations. The company receives the greatest support from Melco International Development Limited, its greatest shareholder, chaired by Lawrence Ho. According to Macau Tripping, the construction took three years, spanning from 2006 to mid-2009. Maxim Recruitment names Macau the second most expensive Asian city to build in (behind Hong Kong), pointing to a recent particular demand for the construction of casinos and hotels.
8 | Venetian Macau Resort Hotel
The Venetian Macau Resort Hotel, located in Macau, China, is famed for its Venetian décor, complete with gondolas, canals, and a man-made lake. Its constructions cost comes out at $2.54bn, according to Express. Boasting 39 storeys, 3,400 slot machines, and 800 gambling tables, it makes Live Dealer’s “Top Five Most Expensive Casinos in the World”. It opened in August 2007, with Aedas (Macau) Ltd leading the architecture, and Hsin Chong Engineering (Macau) Ltd as its main contractor, according to a case study by Gillespie. It is owned by Las Vegas Sands, and reportedly took about three years to build, including time to prepare the land on the Cotai Strip for building.
7 | Wynn Las Vegas Resort Hotel
Wynn Las Vegas Resort Hotel, referred to as Wynn, is a five-star hotel and casino located on the Las Vegas Strip. Express places its construction cost at $2.81bn, unsurprising given its 215 acres and 49 storeys. Owned by Wynn Resorts, it was founded in 2002, according to Forbes, and opened its doors to the public in 2005. It was built and designed by Marnell Corrao Associates, hired by Steve Wynn, CEO of Wynn Resorts. According to the company website, it has 13 Forbes Travel Guide Five-Star Awards, and it makes #395 on Forbes’ “World’s Best Employers”.
6 | One World Trade Centre
The One World Trade Centre, at 546m, is the tallest building in the United States. Located in New York City, now an iconic part of its skyline, its construction cost was $4.01bn, according to Express. The New York Post named New York City the world’s most expensive construction market. Also known as the Freedom Tower, the One World Trade Centre was designed by architects Daniel Libeskind and David Childs in 2003. It opened for business in 2014, according to Mental Floss, after an 11-year construction period. The Wall Street Journal names it “the world’s most expensive office tower”. It is located in the 16-acre location previously inhabited by the Twin Towers, an area mostly owned by The Port Authority of New York and New Jersey.
5 | Cosmopolitan Casino and Hotel
Located in Las Vegas, the Cosmopolitan Casino and Hotel had a construction cost of approximately $4.14bn, according to Express. Famous for its multi-storey chandelier, its construction was originally announced in 2004, as a result of a partnership between Bruce Eichner, a real-estate developer, and David Freidman. The Las Vegas Sun reported that Arquitectonica was the project architect, allowing Paul Duesing Partners to focus on the interior design, Douglas Design to focus on interior design and retail, and The Friedmutter Group to take over the hotel-casino design. It opened its doors to the public in late 2010, according to Forbes. Ownership of the hotel bounced between owners during and after its construction. According to Forbes, Deutsche Bank took over in 2008, but eventually sold to the Blackstone Group for $1.73bn in 2014. According to Vegas Inc., it is the most expensive resort on the Las Vegas Strip.
4 | Emirates Palace Hotel
The Emirates Palace Hotel is located in Abu Dhabi, on its own 1.3km private beach. Express puts its construction cost at approximately $4.14bn. According to Construction Week Online, in 2001 it was commissioned primarily to Interbeton, Six Construct, and Arabtec by President Zayed bin Sultan Al Nahyan, placing its ownership in the government of Abu Dhabi. Turner Construction names the architect in charge Wimberly Allison Tong & Goo. Its design hails from British architect John Elliot. Its doors opened in 2005 after four years of work, with the input of 20,000 workers. The United Arab Emirates, according to Arabian Business, is the 26th most expensive place to build in the world. With its 400 rooms, 114 domes, and a site area of over 70 hectares (according to Turner Construction), the hotel was able to host over 15,000 people for a 2008 Christina Aguilera concert.
3 | Marina Bay Sands Hotel
The Marina Bay Sands Hotel, based in Singapore, warranted a construction cost of $5.66bn, according to Express. Known for its 1.4mn litre pool on the roof, the world’s largest infinity pool according to BASF, it opened its doors in 2010. This was reportedly one year after its intended opening date, due to construction material costs. Architect Magazine credits the 9mn sq ft property’s construction to over 40 groups. Owned by Las Vegas Sands Corp., its primary architect was Safdie Architects, with Aedas as the executive architects, and Ssangyong Engineering & Construction Co. the construction manager. According to the hotel’s website, it is the largest hotel in Singapore, and the 34th largest in the world. Its three 55-storey towers received 38.5mn visitors in 2012.
2 | Resort World Sentosa
Resort World Sentosa is located in Singapore and, according to Express, is the third most expensive casino in the world. Express places its construction cost at $7.08bn. The building was commissioned by Genting Group, a Malaysian corporation. Its construction began in 2007 and was finished in 2009, turning it into what AECOM names one of the largest tourist attractions in Southeast Asia. AECOM further reports that Resort World Sentosa has received several architectural awards including the Structural Steel Design Merit Award 2010 (by the Singapore Structural Steel Society), and the Structural Excellence Merit Award 2011 (by the Hong Kong Institution of Engineers).
1 | Abraj Al Bait Towers
Located in Mecca, Saudi Arabia, Abraj Al Bait Towers, also known as the Mecca Royal Hotel Clock Tower, is the most expensive building in the world. Its construction cost is about $15bn, according to Express. With 601m in height, 1,500,000 sqm in floor area, and a 100,000-person capacity, it is the world’s tallest hotel, designed by Lebanese architecture group Dar Al-Handasah. The upper clock tower was designed by German firm SL Rasch. Commissioned by Saudi Binladin Group it consists of seven towers, according to Construction Week Online. It took 10 years to build, according to Skyscraper Centre, with construction started in 2002, and finalized in 2012. Although previously more expensive due to material costs and bans, Reuters reports that construction costs in Saudi Arabia in recent years have fallen between 10 and 15% per sqm.