BR Shetty, owner of the UAE Exchange and the NMC Hospital, has purchased the entire 100th floor, while NV George, who is holding 14% stake in the Kochi International Airport, has also included its name in the list by buying seven apartments in this classic building. Delhi based eminent lawyer, Rohit Kochhar, said, “It's a big status symbol to buy an apartment in this world-famous building." Mr. Kochhar has strengthened his relations with Dubai by opening an office in the city.
Purchasing the property in Burj Khalifa, however, offers more than just a fancy address. There is a great surge for rental in this building. Property dealers also confirm that the real estate prices are skyrocketed in Dubai, West Asia's leading trading hub. Due to the upswing in property rates, investors are seeing a good opportunity for price appreciation in the market. Property prices in the UAE had descended during the international financial crisis, with various project developers had halted their sales. But now the prices have started to stabilise, following a rise in the economic growth.
The Burj Khalifa tower has also achieved the world record for the highest installation of an aluminium and glass facade, at a height of 1,679.8 ft. The total weight of aluminium used on this tower is equivalent to that of five A380 aircrafts. The exterior-cladding system of Burj Khalifa is vivaciously designed to withstand the summer weather of UAE. In all, the 24,348 cladding panels are covering a curtain wall area of around 132,190 sq m, and its marvellous exterior is minimising heat transmission and thus, helps in saving energy. However, the most distinguishable feature of Burj Khalifa is its 'telescopic' spire, which comprises of more than 4,000 tonnes of structural steel. It can be easily seen from even 95 km away.