Real Estate
Emaar Dismisses Reports of Selling Burj Khalifa Observational Deck

Emaar Properties has dismissed all reports of selling the observational deck of the iconic Burj Khalifa. In a filing with the Dubai Financial Market, it said, “The company would like to confirm that it is not selling the At The Top business in Burj Khalifa.”
The statement came day after international media reports claimed the developer is planning to sell parts of the world’s tallest building.
“The company is currently considering a structured transaction wherein financing is being raised against the cashflows of At The Top business,” Emaar added in the filing.
“This financing is being raised in the normal course of business. Once the transaction is finalised and confirmed, the appropriate disclosures will be made,” it added.
On Monday, Reuters reporter that Emaar has appointed Standard Chartered as an advisor for selling the observational deck of Burj Khalifa. It added that the deck attracted 15.92 million overnight visitors in 2018, makes about AED 600-700 million a year.
Dubai’s Burj Khalifa is among top most frequently Ubered-to tourist attractions. The iconic skyscraper is the seventh most-visited tourist attraction in the world by Uber users, ahead of Disneyland and Buckingham Palace.
At over 828 metres and more than 160 stories, Burj Khalifa holds the record of being the ‘Tallest building in the world’.
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
OER Magazines1 month ago
OER, April 25
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
Renewables2 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG