The View From The World’s Tallest Building Burj Khalifa Is To Be Sold For $1 Billion By Emaar In Dubai

by Vidisha Khaitan
The View From The World’s Tallest Building Burj Khalifa Is To Be Sold For $1 Billion By Emaar In Dubai

The tallest structure in the world is twice as tall as New York’s Empire State Building and nearly three times the height of the Eiffel Tower in Paris. It sees over 1.5 overnight visitors a year at over 828 meters in the sky. We are talking about the one and only Burj Khalifa in Dubai and there is news. Real estate firm Emaar Properties is selling the viewing decks of the tallest building in the world! If you thought Burj Khalifa must be worth a lot, we have a little something to help you with the estimation. The view from world’s tallest tower is to be potentially sold for a whopping $1 billion!

What’s going on

The real estate market has been going through a rough patch. Amid a real estate downturn, Dubai’s biggest developer disposed five hospitality assets to Abu Dhabi National Hotels last year. It hired Standard Chartered to advise and help it in the sale of its district cooling business earlier this year. Even though Dubai is a major travel and tourism destination, real estate has faced slowing for most part of the decade. The wave has reached soaring heights.

Also read: Stunning New Terrace Opens At Dubai’s Burj Khalifa

The world’s tallest skyscraper Burj Khalifa is a very popular tourist attraction. It was reported that the viewing decks ‘At The Top’ make about 600-700 million dirhams ($163-$191 million) a year. The worth of a spectacular view was further estimated around $1 billion. Wouldn’t you give anything for the experience? Burj Khalifa Is Now Home To The World’s Highest Lounge!

What’s more

Standard Chartered is advising Emaar Properties on the sale of At The Top. The deal is not yet public but, the sales process began in November. The view from Burj Khalifa is a global icon on every single travel enthusiast’s to-do list. With the change in administration, we wonder what else might change.

burj khalifa
Image Credit: wedodesign

Burj Khalifa’s At The Top is arguably the world’s most famous outdoor observatory & lounge. It treats visitors to panoramic views from the 125th & 148th floors of the world’s tallest building. A manmade structure so grand is humbling and inspiring at the same time. This is one of those things that people can only truly understand by experience! With New Year’s Eve approaching, we can’t wait for the viral fireworks!