Dubai, the glitzy city in the United Arab Emirates, is known for its iconic skyscrapers and luxurious lifestyle. Among the numerous architectural wonders in Dubai, the iconic Burj Khalifa stands tall as the world’s tallest building. But who owns this prestigious number 1 spot in Dubai?
Ownership Structure of Burj Khalifa
The Burj Khalifa is owned by Emaar Properties, a leading real estate development company based in Dubai. Emaar Properties was founded by Mohamed Alabbar, a prominent businessman in the UAE. The company is known for its ambitious projects and has played a significant role in shaping Dubai’s skyline.
Emaar Properties initially started as a subsidiary of the Dubai government’s Investment Corporation of Dubai. However, it eventually became a publicly listed company in 2000, allowing investors from around the world to own a stake in the company.
Business Model of Emaar Properties
Emaar Properties follows a diverse business model, primarily focusing on real estate development. Apart from iconic residential and commercial properties, the company also develops and operates world-class hotels, malls, and entertainment attractions.
One of the key factors contributing to Emaar Properties’ success is its ability to attract international investments. The company’s projects have attracted a considerable number of foreign investors, making it a global real estate powerhouse.
Global Recognition of Burj Khalifa
The Burj Khalifa has gained worldwide recognition for its architectural brilliance and engineering marvel. The skyscraper stands at a staggering height of 828 meters (2,716 feet) and consists of 163 floors. It boasts luxurious residences, prestigious offices, and a world-class hotel.
Besides its impressive height, the Burj Khalifa also features various record-breaking elements, including the world’s highest observation deck, highest swimming pool on the 76th floor, and one of the fastest elevators in the world.
Additionally, the Burj Khalifa serves as a symbol of Dubai’s ambition, innovation, and economic growth. It has become an iconic landmark and a popular tourist attraction, drawing millions of visitors from around the world.
Overall, the ownership of the number 1 spot in Dubai belongs to Emaar Properties, the visionary company behind the Burj Khalifa. With its remarkable achievements and contributions to Dubai’s real estate sector, Emaar Properties continues to shape the city’s skyline and reinforce its global reputation. The Burj Khalifa stands tall as a testament to Dubai’s aspirations and success in pushing the boundaries of architecture and engineering.