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Emaar Properties is looking to sell the observation deck of the world’s tallest skyscraper – Burj Khalifa, according to a report by Reuters which quoted unnamed sources.
According to the report, Emaar had appointed Standard Chartered to advise it on the sale of the “At the Top” tourist attraction, which attracted 15.92 million overnight visitors in 2018.
At the Top generates around AED 600-700 million a year and the sale could raise up to AED 3.67 billion for Emaar, according to Reuters’ sources.
Emaar Properties and Standard Chartered have not yet commented on the report.
Earlier this year Emaar hired Standard Chartered for the sale of its district cooling business, and in 2018 for the sale of five hospitality assets, which were bought by Abu Dhabi National Hotels.
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BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing