Who Owns 22 Flats In Burj Khalifa?

The Burj Khalifa in Dubai is the world's tallest building, and living here is the ultimate sign of luxury. It's often called a "Vertical City," containing hotel suites, offices, and hundreds of Burj Khalifa flats (private apartments), George V. Nereamparambil is the private owner of the 22 residential units (flats) in the Burj Khalifa, making his story a central part of the building's history. To give you an idea of the expense, the starting cost for a flat is equivalent to several Burj Khalifa Flat Price in Indian Rupees (INR) 3.73 crores, reflecting its prestige.

• Number of Flats: The tower is home to approximately 900 residential apartments, located between the 19th and 108th floors.
• Luxury Residences: These units are truly Burj Khalifa luxury residences. They range from smaller studios to massive four-bedroom apartments and exclusive penthouses. Residents get world-class facilities like indoor pools, gyms, and access to the biggest malls.
• Ideal for Investment: Many buyers, particularly wealthy individuals from India and other countries, purchase these apartments as investment properties, seeing the flats as a secure and profitable asset in the global real estate market.

The cost of owning a flat in the world's tallest building is extremely high. The starting price for a 1-BHK flat can range from approximately ? 3.5 Crore to ? 10 Crore, depending on the exact location within the tower, the floor level, and the view.

George V Nereamparambil is an Indian businessman who is globally famous for being the largest private owner of apartments in the Burj Khalifa. His journey is an incredible example of a rags-to-riches story.

• From Mechanic to Millionaire: Born in Kerala, India, George started working at a very young age, even helping his father and later working as a mechanic. He realized the high demand for air conditioning in the Middle East's hot climate.
• Founding the GEO Group: In 1976, he moved to the UAE and successfully built his company, the GEO Group of Companies, which is now a huge business empire.
• The Challenge: His connection to the tower began when a relative jokingly said he would never be able to enter the Burj Khalifa. Taking this as a challenge, George first rented a flat in 2010 and then started buying more.
• The Record: He is the Indian businessman Burj Khalifa 22 apartments owner, holding around 22 units in the tower, making him the most famous private property owner there.

While the Burj Khalifa was built by the real estate giant Emaar Properties, the residential units are mostly owned by private investors. This is where the concept of Burj Khalifa Ownership becomes interesting.

• The Top Private Owner: The individual who owns the highest number of flats is the Indian entrepreneur, George V Nereamparambil. He is known to own approximately 22 Flats in Burj Khalifa, making him the single largest private owner.
• Indian Investors Dominance: People from India collectively form one of the largest foreign investor groups in Dubai. They own a significant portion of the total apartments in the building (estimates suggest around 150 apartments).
• Ownership Split: The tower's ownership structure is divided between:
• Private Investors: Individuals like George V. Nereamparambil who own most of the residential units.
• The Developer (Emaar): Emaar still owns the Armani Hotel and some of the corporate suites and remaining units.