Who holds the legal ownership of the Burj Khalifa?

The Burj Khalifa, the tallest building in the world, is owned by Emaar Properties, a leading real estate development company in Dubai. Emaar Properties is a publicly listed company and is partly owned by the government of Dubai through the Investment Corporation of Dubai (ICD), which holds a significant stake in the company.

Key Points about Emaar Properties and Ownership:

• Emaar Properties: Founded in 1997, Emaar is responsible for some of Dubai's most iconic real estate projects, including the Burj Khalifa, Dubai Mall, and Dubai Marina. Emaar is known for its luxury developments and is one of the largest real estate developers in the UAE.
  
  

• Government of Dubai Stake: Through the Investment Corporation of Dubai (ICD), the Dubai government holds a significant ownership stake in Emaar Properties. While Emaar is a publicly traded company, the government’s influence is substantial, ensuring that major projects align with Dubai’s overall development strategy.
  
  

• Public Ownership: As Emaar Properties is publicly listed on the Dubai Financial Market (DFM), individual and institutional investors also hold shares in the company. This makes the ownership of Burj Khalifa shared among these investors, with the government’s significant backing.
  
  

Burj Khalifa Overview:

• Construction: The Burj Khalifa was completed in 2010 and remains the tallest structure globally, standing at 828 meters. It was designed to serve as the centerpiece of Downtown Dubai, Emaar’s flagship development.
  
  

• Usage: The Burj Khalifa functions as a mixed-use building, housing luxury residential apartments, corporate offices, and the Armani Hotel Dubai. It also features observation decks, such as At the Top, which are major tourist attractions.