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’.
-
Banking & Finance3 weeks ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Renewables2 months ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Bahrain2 weeks ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
OER Magazines2 months ago
OER, May 2025
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, May 25
-
Leaders Speak2 months ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Banking & Finance1 month ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance2 months ago
United Finance Company: Strategically Serving Oman’s Auto Market with Faster, Customer-First Solutions