under construction projects
The world’s architectural landscape is constantly evolving, with builders pushing the boundaries of luxury, technology, and design. Some under-construction projects are setting new records for being the most expensive in history, showcasing opulence, innovation, and bold visions for the future. In this article, we will explore some of the most expensive under-construction projects worldwide, detailing their price, cost, amenities, and future prospects.
1. Jeddah Tower – Jeddah, Saudi Arabia
Price/Cost: $1.5 billion
Completion Year: 2028 (expected)
Jeddah Tower (formerly known as the Kingdom Tower) is set to become the tallest building in the world, surpassing the Burj Khalifa in Dubai. Standing at a staggering 1,000 meters (3,280 feet), the tower will feature luxurious residential units, hotels, and office spaces. The project’s total cost is expected to reach $1.5 billion, making it one of the most expensive skyscrapers ever built.
Amenities:
- Luxury Apartments: High-end, spacious living spaces with breathtaking views of the Red Sea.
- Observatory: An observatory deck offering panoramic views of Jeddah and the Arabian Gulf.
- Shopping Mall: A retail space with luxury brands.
- Hotel: A five-star hotel for business and leisure travelers.
Future Prospects: Once completed, the Jeddah Tower will redefine the skyline of Jeddah and the Kingdom of Saudi Arabia. It will be a central hub for business and tourism, attracting international visitors and investors. The tower is part of the larger King Abdullah Economic City project, which aims to be a world-class business hub.
2. The One – Toronto, Canada
Price/Cost: $1.2 billion
Completion Year: 2025 (expected)
The One is the most expensive residential building under construction in North America. Located in downtown Toronto, this luxury skyscraper will rise 85 stories and feature both residential and commercial spaces. The total cost of construction is $1.2 billion, and once completed, it will include over 400,000 square feet of space.
Amenities:
- Private Residences: High-end condos designed by renowned architects.
- Retail Spaces: A collection of luxury retail outlets on the lower floors.
- Infinity Pool: An indoor pool with stunning views of the city skyline.
- Rooftop Lounge: A luxurious space for social gatherings and events.
- Fitness Center: State-of-the-art gym and wellness facilities.
Future Prospects: The One will reshape Toronto’s skyline, contributing to the city’s growth as a global business and cultural hub. It will offer ultra-luxury living and shopping experiences, attracting high-net-worth individuals and major international companies. The skyscraper’s prominence will likely drive further investment in the surrounding neighborhood.
3. Dubai Creek Tower – Dubai, UAE
Price/Cost: $1 billion
Completion Year: 2026 (expected)
Dubai Creek Tower, another ambitious project in Dubai, is designed to outdo the Burj Khalifa as the world’s tallest structure. Standing at over 1,300 meters, the tower will include a variety of residential, commercial, and retail spaces. The cost of this towering achievement is expected to be around $1 billion.
Amenities:
- Residential Units: Luxury apartments with modern amenities and panoramic views.
- Observation Deck: The highest observation deck in the world, offering a unique view of Dubai.
- Hotel: A world-class hotel offering five-star services.
- Public Spaces: Parks, waterfront walkways, and dining options.
Future Prospects: Dubai Creek Tower will be a major tourist attraction, drawing visitors from all over the world. Its unique design and height will make it an iconic symbol of Dubai’s commitment to innovation and luxury. The project will serve as a catalyst for further development in the Dubai Creek area, potentially boosting the city’s economy and global standing.
4. Merdeka 118 – Kuala Lumpur, Malaysia
Price/Cost: $1.3 billion
Completion Year: 2025 (expected)
Merdeka 118, located in Kuala Lumpur, is set to become the tallest building in Southeast Asia. With a cost of $1.3 billion, this supertall skyscraper will rise 644 meters and will feature a combination of office space, luxury apartments, and retail stores.
Amenities:
- Luxury Residences: Upscale living spaces with premium finishes and amenities.
- Retail and Dining: High-end shopping and dining outlets within the tower.
- Observation Deck: An observation deck offering sweeping views of Kuala Lumpur.
- Business Hub: Offices designed for multinational companies.
Future Prospects: Once completed, Merdeka 118 will serve as a new landmark for Kuala Lumpur, signaling the city’s entry into the ranks of global metropolises. The tower will bring high-end retail, office spaces, and luxury living to the city, making it a prime destination for investors and tourists alike.
5. The Apple Campus 2 – Cupertino, California, USA
Price/Cost: $5 billion
Completion Year: 2026 (expected)
While not a traditional skyscraper, the Apple Campus 2, known as Apple Park, is one of the most expensive corporate headquarters ever constructed. Located in Cupertino, California, the futuristic campus is expected to cost $5 billion and will house Apple’s global headquarters. It will feature state-of-the-art amenities for employees and visitors alike.
Amenities:
- Office Spaces: Over 2.8 million square feet of office space.
- Wellness Center: A large wellness center for employee fitness and well-being.
- Park and Gardens: Expansive green spaces and landscaping that mimic natural surroundings.
- Auditorium: A high-tech auditorium for presentations and events.
- Visitor Center: A museum-like center showcasing Apple’s innovations.
Future Prospects: Apple Park is expected to be a hub for creativity, innovation, and collaboration. Its groundbreaking design will likely attract global attention, further cementing Apple’s position as a leader in technology. The campus will set new standards in sustainable and employee-friendly architecture.
Conclusion
These under-construction projects represent the future of luxury, innovation, and design in architecture. From the towering skyscrapers in Jeddah and Dubai to the corporate campuses in California, these projects are not just about creating buildings—they are shaping the future of their cities and the world. The price, cost, and amenities involved in these projects reflect the growing demand for exclusive, state-of-the-art spaces. As construction progresses, these iconic structures will not only serve as symbols of architectural achievement but also become landmarks that influence global design trends for years to come.
Learn more about the latest in luxury construction projects here: Jeddah Tower, Dubai Creek Tower, Merdeka 118, The One Toronto, Apple Park.
Chirag Singh is a content writer with a focus on real estate, covering topics like News, Guidance, Tips, Property trends and Investments. He has written for various platforms, providing helpful insights to readers. With a background in real estate, Chirag combines his knowledge and passion for real estate in his work. He enjoys staying updated on the latest industry trends.
