Emaar Properties is reportedly looking to sell the observation deck of Burj Khalifa, the world’s tallest tower, according to unnamed sources quoted in a Reuters report on Monday.
The report claimed Standard Chartered bank had been appointed as advisors as part of a potential sale, which the report said could raise up to $1 billion for the Dubai developer.
The At the Top observation deck generates around AED600-700 million ($163-$191 million) a year, sources told Reuters. It is considered a ‘must see’ for a significant portion of the approximately 16 million overnight visitors to Dubai each year.
Burj Khalifa officially opened in January 2010 and at 828 metres tall it is currently the world’s tallest tower.
Arabian Business has contacted Emaar Properties for comment. Standard Chartered declined to comment on the Reuters report.
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