Address Downtown Dubai
Dubai, United Arab Emriates
Several hours before midnight on Dec. 31, 2015, a catastrophic fire engulfed the iconic Address Downtown Dubai Hotel, a 63-story, 990-foot-tall skyscraper located in the heart of Dubai, United Arab Emirates. The fire resulted in extensive damage to the interior and exterior of the 1.9 million-square-foot building with an estimated repair value in the hundreds of millions of dollars. DBI mobilized a team of experts to Dubai to inspect the building, quantify the extent of damages, and determine repair costs. DBI set-up temporary offices in Dubai and over the course of several months produced repair estimates, cost-benefit studies for various repair options, and a building valuation/replacement cost model. By early June, 2016, less than six months after the loss event, DBI’s clients had achieved a resolution of the property damage insurance claim with the building’s owners.