News of Bahrain
Business24 December 20191 min read

Dubai’s Emaar to sell view from world’s tallest tower - sources

Emaar Properties is selling the observation decks of the world's tallest skyscraper the Burj Khalifa, four sources told Reuters, potentially raising $1 billion for Dubai's biggest developer amid a real estate downturn. Two of the sources said Emaar had appointed Standard Chartere

Editorial Team Legacy

Published 24 December 2019, 8:00 · Updated 21:29

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Dubai’s Emaar to sell view from world’s tallest tower - sources

Emaar Properties is selling the observation decks of the world’s tallest skyscraper the Burj Khalifa, four sources told Reuters, potentially raising $1 billion for Dubai’s biggest developer amid a real estate downturn.

Two of the sources said Emaar had appointed Standard Chartered <stan. l=""> to advise it on the sale of the popular “At The Top” tourist attraction.

Emaar, in which the Dubai government has a minority stake of 29.2 per cent, and Standard Chartered declined to comment.

At over 828 metres, the Burj Khalifa is twice as tall as New York’s Empire State Building and nearly three times the height of the Eiffel Tower in Paris.

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