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’.
