Indians are among top buyers in Burj Khalifa, the world’s tallest residential tower and have invested Dh18 billion in Dubai’s real estate market last year.
Among those we know is BR Shetty, a UAE-based industrialist, who paid Dh45 million in 2005, to buy the entire 100th floor. Singapore-based Indian-origin businessman BK Modi, Danube Chairman Rizwan Sajan and Bollywood star Shilpa Shetty are among publicly known names who own apartments here. The list also includes a number of India-based industrialists.
So what drives them to buy in the 828-meter skyscraper?
“It’s all about the address, the affluence… and so I decided to buy here though I hardly stay for a few days here,” Modi told Emirates 24|7.
The businessman, who keeps investing in property, owns over 40 apartments in iconic towers across the world.
While BBC quoted Shetty, saying, "It is an iconic landmark known for its magnificent architecture and world-class comforts. To be able to own a piece of this one-of-a-kind structure is an absolute privilege and a matter of great pride. The view is spellbinding to say the least. You can see all of Dubai and its architectural beauty."
We reported that the costliest apartment deal of 2014, valued at Dh60 million, was transacted in Burj Khalifa. In fact, the number of investors buying apartments through home loans in the tower had doubled in the first nine months of 2014 compared to the same period last year.
Real estate agents say there has been a substantial increase in number of senior management level employees buying apartments
Among those we know is BR Shetty, a UAE-based industrialist, who paid Dh45 million in 2005, to buy the entire 100th floor. Singapore-based Indian-origin businessman BK Modi, Danube Chairman Rizwan Sajan and Bollywood star Shilpa Shetty are among publicly known names who own apartments here. The list also includes a number of India-based industrialists.
So what drives them to buy in the 828-meter skyscraper?
“It’s all about the address, the affluence… and so I decided to buy here though I hardly stay for a few days here,” Modi told Emirates 24|7.
The businessman, who keeps investing in property, owns over 40 apartments in iconic towers across the world.
While BBC quoted Shetty, saying, "It is an iconic landmark known for its magnificent architecture and world-class comforts. To be able to own a piece of this one-of-a-kind structure is an absolute privilege and a matter of great pride. The view is spellbinding to say the least. You can see all of Dubai and its architectural beauty."
We reported that the costliest apartment deal of 2014, valued at Dh60 million, was transacted in Burj Khalifa. In fact, the number of investors buying apartments through home loans in the tower had doubled in the first nine months of 2014 compared to the same period last year.
Real estate agents say there has been a substantial increase in number of senior management level employees buying apartments
No comments:
Post a Comment