Who owns world’s tallest building Burj Khalifa in Dubai; not Sultan of UAE, Dubai king or any Emirati royal, the owner is…

The iconic Burj Khalifa in Dubai is one of the most expensive apartment buildings in the world.

Burj Khalifa Owner: The Burj Khalifa, the world’s tallest building located in the heart of downtown Dubai, is a symbol of unparalleled opulence, with a single-bedroom unit costing a staggering 150,000 to 180,000 Dirham (over Rs 42 lakh) in annual rent, making it one of the most expensive apartment buildings in the world.

But have you ever wondered about who actually owns this iconic skyscraper? No, its not king of Dubai, the Sultan of United Arab Emirates (UAE), or any other Emirati royal. Let us find out who the actual owner of Burj Khalifa is.

Who owns Burj Khalifa?

Burj Khalifa was developed Emaar Properties, a prominent Dubai-based real estate firm headed by its founder Mohamed Alabbar, a well-known Emirati businessman and real estate tycoon. Thus, Mohamed Alabbar, who is also the founder and chairman of Eagle Hills– an Abu-Dhabi based private investment and real estate development company– is the real ‘owner’ of the Burj Khalifa, the world’s tallest skycraper.

Apart from the Burj Khalifa, Emaar Properties has also developed other iconic projects, including the Dubai Mall, the upcoming Dubai Creek Tower, and the Dubai Fountain.

How tall is the Burj Khalifa?

According to official details, Burj Khalifa stands a staggering 828 meters (2,716.5 feet) tall, featuring 163 floors that are reached with the help of as many as 58 state-of-the-art elevators. The iconic structure was constructed over a span of six years, and was officially inaugurated in 2010.

The towering skyscraper, whose tip is visible from as far as 95 kilometers away, houses 304 luxurious hotel rooms, and 900 high-end apartments, and takes three months to clean the entire exterior of the building.

What is the apartment rent at Burj Khalifa?

Burj Khalifa is one of the priciest apartment buildings in the world, with average property prices around 78.5% higher than the rest of Dubai city. The lavish building charges 3,000 Dirhams (Rs 70,000) per square foot compared to a city-wide average of Dh 1,680 per sqft at the end of 2024, according to a report.

Figures released on the occasion of Burk Khalifa’s 15th anniversary revealed that the world’s tallest tower rentals skyrocketed in 2024, touching previous highs witnessed in 2015-2016.

According to property brokerage firm, Betterhomes, the monthly rent for a one-bedroom apartment in the Burj Khalifa had peaked in 2015-2016 at over Dh 180,000, while the lavish skyscraper charges between Dh 150,000 to Dh 180,000 annually, depending on furnishings and floor levels, Khaleej Times reported.

The data also revealed that the landmark tower always consistently maintains an impressive 85-90 percent occupancy with rental yields of 5-6%, making it a preferred choice for buy-to-let investors, the report said.