Summary
Phil postcard from the top of the Burj Khalifa (which opened in 2009, at the real estate cycle trough). The new Jeddah Tower (Kingdom Tower, Saudi Arabia) is confirmed to open in 2028 — exactly at the expected post-cycle depression low. Construction started 2013, was suspended when the Bin Laden Group faced corruption charges in 2018, and will resume to finish in 2028 — 15 years construction (180 months). The tower will be 180 meters taller than the Burj. The year 2028, ending in “8”, is historically a very bad year (like 1968, 2008). Phil thinks a Trump win will make things worse.
Key Claims
- The Burj Khalifa opened in 2009 — at the real estate cycle trough. — confidence: high
- Jeddah Tower (Kingdom Tower) is confirmed to open in 2028. — confidence: high
- Jeddah Tower construction: started 2013, suspended 2018, finishes 2028 — 15 years / 180 months. — confidence: high
- Tower is 180 meters taller than the Burj Khalifa. — confidence: high
- The world’s tallest building historically opens during recessions. — confidence: high
- Years ending in “8” are historically very bad years (1968, 2008, anticipated 2028). — confidence: high
Predictions / Forecasts
- 2028: Jeddah Tower opens; expected to coincide with deepest post-cycle recession. — status: pending