A 12.2 million US Dollar worth office space and a 51 million house of 21000 sqms are on the block
Arabian Business reported that two high-end properties in Dubai’s Burj Khalifa, the world’s tallest tower (830 meters), are up for sale. The vendors aim to fetch 12.2 million US Dollars out of the disposal of an office space that already attracted the interest of family offices and of US investors.
The figure, while high, pales in comparison, however, to the 51 million US Dollars demanded for a residential property spanning 21,000 sq. ft. of space between the 107th and 108th floors, known as the “Sky Palace”, and including 12 parking spaces, fenced gardens, three gyms, tennis courts, and a private indoor elevator.
The apartment was originally reserved for a mysterious high-profile celebrity living in Dubai, but it has remained unused and empty for a decade. The apartment was purchased by entrepreneur and real estate agent Karl Haddad and his business partner in 2022. National newspaper, which interviewed Haddad last November, quoted the investor as saying that once refurbished, the asset be worth more than 110 million. It also added that similar properties in New York, Hong Kong and Tokyo have sold for between 200 million and 350 million.
