By P. Deulgaonkar www.emirates247.com
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.” More info