While the surrounding hotels, malls, and other attractions generate a great deal of income for the local economy, the colossal Burj Khalifa was financed by a massive amount of debt and it is still unknown whether it will ever pay for itself.
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It was renamed in honour of the ruler of Abu Dhabi, Khalifa bin Zayed Al Nahyan; Abu Dhabi and the federal government of UAE lent Dubai tens of billions of US dollars so that Dubai could pay its debts – Dubai borrowed at least $80 billion for construction projects.
The 163-story Burj Khalifa is owned by Emaar Properties, a business founded by billionaire Mohamed Ali Alabbar, but it was built by Samsung C&T of South Korea, BESIX of Belgium, and Arabtech of the United Arab Emirates.
BR Shetty, UAE-based industrialist, paid Dh45 million in 2005, to buy entire 100th floor. Indians are among top buyers in Burj Khalifa, the world's tallest residential tower and have invested Dh18billion in Dubai's real estate market last year.
Take the world's tallest building, the Burj Khalifa in Dubai. It's impressive at 828 metres tall, but nearly a third of that (29%) is unoccupiable, according to the Council on Tall Buildings and Urban Habitat.
Protecting a National Asset: Burj Khalifa Towers with a 100 Year Design Life! Standing 828 meters (2,717 feet) tall and boasting more than 160 stories, Burj Khalifa is the world's tallest structure: a single tower that will eventually house 12,000 people.
And an Indian is the biggest property owner of Burj Khalifa: Meet George V Nereamparambil. The Burj Khalifa is the crown jewel of Dubai's iconic landscape.
Burj Khalifa Construction Facts? 12,000 workers were employed, and the building's completion took 22 million hours of work. What is this? ?Unfortunately, there were 4 deaths during the construction of the Burj Khalifa, although some reports state that there was only one construction-related death.
Top Properties for Sale in Burj Khalifa AreaThe type of properties for sale in this gem are studios, apartments, or penthouses; you can choose any of them depending on your needs and budget. The studio sizes have a varying range starting from 50 sqm up to 128 sqm.
The VIP Lounge is located on the highest floor of Burj Khalifa that you can visit. Entry to the VIP lounge is allowed from 9 a.m. to 9:30 p.m. The price for adults and children is 769 AED per person (about 209 USD or 17,399 INR).
The cost to place a promotional advert or message on the façade of the Burj Khalifa starts from AED250,000 ($68,073) for a single three minute display, according to the marketing agency which manages the lighting displays.
A stay at Dubai's iconic Burj Khalifa comes with a sky-high price tag, with nightly rates starting around $650 but going well over $10,000 for lavish multi-room suites. While expensive, the unparalleled views and luxury amenities provide a once-in-a-lifetime experience befitting the world's tallest building.
How high up the Burj Khalifa can I go? You can go up to the observation decks on Levels 124, 125 and 148. The very top of the Burj Khalifa is the 163rd floor; however, this is not accessible to the public.
At 555 metres (1,821 ft) high, At the Top, Burj Khalifa SKY on Level 148 offers visitors the unprecedented opportunity to soak up unmatched views of the city and beyond, from an outdoor terrace and a premium lounge. Enjoy a guided tour to Level 148, before heading over to levels 125 and 124.