Monday, January 4, 2010

U.S. man wants $5 million for Burj Dubai URL


An American entrepreneur is offering to sell the Internet address for Burj Dubai, the world's tallest building being built in the booming UAE emirate of Dubai, for 5 million dollars, local media reported Thursday.

The internet address is owned by Emaar Properties, the developer of the tower, but the English version – – is on sale for five million dollars or 18.3 million dirhams, local English daily Emirates Today reported.

The paper said California-based engineer-entrepreneur T Rusly registered the URL and sent e-mails to scores of realty companies in the emirate offering to sell it, adding that he already has a “six digit” offer for the domain.

“Five million dollars is really minuscule compared to the potential gain that lies ahead,” Rusly is reported to have said in an e-mail to Emirates Today.

Rusly is a so-called domain-squatter – a person who registers Internet addresses related to other businesses or concepts.

Fake tours

Meanwhile, an online scam is charging 350 dollars for non-existent tours to the top of the tower, another community paper 7Days reported on Wednesday.

The English-language daily said a trader on a local Internet auction website was offering three-hour tours of Burj Dubai, which is expected to be completed next year and now surpasses Taiwan's Taipei 101 which is 508 metres (1,667 feet) tall with 141 storeys.

Burj Dubai developers Emaar told the paper it had not sanctioned the tours.

"Emaar has not sanctioned any public or for profit tours and we strongly advise members of the public not to subscribe to such claims," a spokesman said.

Emaar officials have said the skyscraper, which will have cost one billion dollars by the time it is completed at the end of 2008, will be more than 700 metres (2,296 feet) tall and have more than 160 storeys.

Dubai, one of seven emirates that makes up the United Arab Emirates, is fast becoming a global business and leisure hub.