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Q1 (meaning Queensland Number One) is a supertall skyscraper located in Surfers Paradise, on the Gold Coast. It is the world's tallest residential tower, the tallest building in Australia and Southern Hemisphere and the second tallest free-standing structure in the Southern Hemisphere, behind Auckland's Sky Tower. Q1 was opened in November 2005.[1] The landmark building has been recognised as one of Queensland icons during state's 150th birthday celebrations. Q1 has been identified as a potential terrorism target for the region.[2] For a short period of time, an apartment in the building, which was bought for AU$9 million by a Japanese restaurateur, was the most expensive ever paid for in Queensland Q1 will lose its status as the world's tallest residential building sometime in 2010, when the 395 m (1,296 ft) 23 Marina in Dubai is completed, making it the second, and not soon after the third tallest residential building when the 414 m (1,358 ft) Princess Tower, also in Dubai, is completed.