Burj Khalifa, located in Dubai, United Arab Emirates, is the tallest building in the world and a true architectural marvel. With its stunning height and luxurious design, it is no wonder that many people are curious about the ownership of the flats within this iconic structure. In this article, we will explore who owns most of the flats in Burj Khalifa.
The Developer: Emaar Properties
The majority of the flats in Burj Khalifa are owned by the developer, Emaar Properties. This Dubai-based real estate company was responsible for the construction of the tower and holds a significant portion of the residential units in the building.
The Government of Dubai
In addition to Emaar Properties, the Government of Dubai also owns a considerable number of flats in Burj Khalifa. As part of the larger development plan for the city, the government acquired a number of residential units in the building.
Celebrities and High-Net-Worth Individuals
Burj Khalifa has attracted the attention of numerous celebrities and high-net-worth individuals from around the world. Many of them have purchased flats in the building to enjoy the luxurious amenities and breathtaking views it offers. These individuals have added to the diversity of ownership in Burj Khalifa, making it a truly international community.
Investors and Rental Properties
Investors have also played a significant role in the ownership of flats in Burj Khalifa. Some individuals and companies have purchased multiple units as a way to diversify their investment portfolios. In addition, a number of flats are owned by individuals who use them as rental properties, capitalizing on the high demand for luxurious accommodation in Dubai.
While Emaar Properties and the Government of Dubai own a significant portion of the flats in Burj Khalifa, the ownership is diverse and includes celebrities, high-net-worth individuals, investors, and individuals who own rental properties. This mix of ownership adds to the allure and exclusivity of living in the world’s tallest building.
Sources:
- https://www.burjkhalifa.ae
- https://www.emaar.com