The 160 story building measures over 828 meters (2,717 feet); the height was just released by Emaar, the developer, to add to the suspense on the Grand Opening. The name has also been changed to Burj Khalifa an acknowledgment of UAE President Khalifa Bin Zayed who has recently aided Dubai with recent economic woes. Emaar, the developer, is partially owned by the government of Dubai. Dubai, one of seven emirates of the United Arab Emirates, was recently in the news when state run companies rocked the financial world by seeking ways to defer debt payments. According to an article at Bloomberg, state run companies may owe investors well over $80-90 billion dollars.

Dubai had attracted easy financing for several mega-construction projects during the global real-estate investment boom that had transformed its skyline in just a few short years. The global real estate boom and easy access to financing fueled mega projects like the Burh Al Arab, the world’s tallest freestanding hotel, and The Palm Islands and The World Islands. However, as investor sentiment has waned, it seems that Dubai may feel the need for an impressive opening of their grand skyscraper to return some investor confidence.

Critics Document Horrendous 'Slave'-Like Labor Practices

Far worse then Dubai's financial critics are Dubai's human-rights critics. Numerous sources claim that false promises are made to foreign workers to entice them into working in Dubai. Once hired by Dubai's contractors, foreign workers become indebted to Dubai's contractors for miscellaneous fees and travel expenses. Foreign workers wind up working for a small fraction of what they where promised in Dubai. Once arriving, their passports are quickly taken away leaving the workers broke and with few options. The following heart-wrenching video highlights the deplorable conditions in which workers are housed, the false promises, and the attempt to cover up these workers plight. ...

The main stream media seems content to focus more on the glitz and the financial aspects of Dubai with no mention of the human rights violations that are standard practice:

According to arabianbusiness.com, the floors (or "levels") are configured like this:
1-8 & 38-39, "the world’s first Armani Hotel"
9-16, "Luxury Armani Residences"
45-108, Residences
43 & 76, indoor and outdoor swimming pools