1 December 2010

Indians top buyers of space in world’s tallest tower

DUBAI: Indians top the list of buyers in the world’s tallest tower having acquired space worth USD 7.9 million in the first seven months of the skyscrapers opening.

Prominent buyers of swanky apartments in the 100 floor Burj Khalifa tower include London-based NRI businessman Raj Kundra, who presented an apartment to his wife Shilpa Shetty.

Local businessman of Indian origin B R Shetty, who is managing director and CEO of the New Medical Centre Group of Companies in Abu Dhabi, has also bought the entire 100th floor in the tower. Rizwan Sajan, Chairman of Danube Group is also reported to have recently purchased an apartment in the tower.

As the world still reels under a economic downturn, the local UAE nationals come second having spent USD 2.62 million on buying space in the tower, a news report citing real estate information company Reidin.com has said.

Other major buyers of tower’s space include Australians USD 1.25 million, Omanese USD 1.14 million, Chinese USD 0.62 million and Iranians USD 0.73 million.

According to Reidin.com, the figures are based on the actual transactions registered with the Land Department of Dubai.

Reidin is an exclusive partner and primary data source for the information service in the emerging markets is Real Estate Regulatory Agency and the Land Department.

In November, Raj Kundra gave an apartment in Burj Khalifa to his wife and actress Shilpa Shetty as wedding gift.

Burj Khalifa has 900 studios, one, two, three and four bedroom units, while the exclusive Armani Residences located in the world’s tallest tower has 144 fully furnished private apartments.

It offers luxurious recreational and leisure facilities including four swimming pools, an exclusive residents’ lounge, health and wellness facilities.

It also boasts of the world’s highest fine dining restaurant on 122nd floor and at the top. It also has the world’s highest observatory deck with an outdoor terrace on Level 124.

For the original article follow the link:

http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/Indians-top-buyers-of-space-in-worlds-tallest-tower/articleshow/7023530.cms