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FINANCIAL NEWS
Emaar says 80% of Burj Khalifa inhabited
04 Jul 2012
(MENAFN) Emaar Properties confirmed that Burj Khalifa, the world’s tallest building, is 80 percent occupied, despite falling property prices and rental rates at the iconic tower, Wall Street Journal reported.
The Dubai-based developer said that Burj Khalifa currently hosts more than 700 families, just two and half years after it was opened.
Property prices for luxury apartments in the tower dropped to USD571 per square foot, while experts attributed the fall to high service charges and distressed sales.
Burj Khalifa saw property prices in Dubai more than halve months after its launch in 2010, hit by the global financial crisis.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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