George Nereaparambil's rags-to-riches story is quite incredible. Bengaluru - An Indian mechanic-turned-businessman owns an incredible 22 apartments in the world's tallest tower, Dubai's Burj Khalifa, a media report said on Sunday.
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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.
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.
The price of flats in Burj Khalifa depends on their size. The studio's average sale price is AED 1,700,000, while the apartments are for AED 2,500,000. Furthermore, for penthouse seekers, the sale price for this type is AED 17,999,999. A unit in Burj Khalifa is literally what is called the home of dreams.
Shetty is in the very rare category of ultra-rich people able to own flats in the iconic Burj Khalifa in Dubai. It is the tallest skyscraper in the world, and the Indian businessman flaunted his wealth by buying all the units on the 100th and 140th floors, according to The Economic Times.
At about one kilometre, Jeddah Tower would be the tallest building or structure in the world to date, standing 180 m (591 ft) taller than the Burj Khalifa in Dubai, United Arab Emirates.
No, you cannot stay in the Burj Khalifa for a night. The Burj Khalifa is a commercial building, and it is not designed for residential use. However, you can stay in one of the hotels located in the Burj Khalifa, such as the Armani Hotel Dubai or the JW Marriott Marquis Dubai and more.
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.