Emaar denies plan to sell At The Top Burj Khalifa tourist attraction - Arabianbusiness:
Emaar Properties on Tuesday denied reports it is looking to sell the observation deck of Burj Khalifa, the world’s tallest tower.
Earlier, unnamed sources quoted in a Reuters report claimed Standard Chartered bank had been appointed as advisors as part of a potential sale.
But in a filing with Dubai Financial Market, the Dubai developer said: "The company would like to confirm that it is not selling the At The Top business in Burj Khalifa."
Emaar added in the statement: "The company is currently considering a structured transaction wherein financing is being raised against the cashflows of At The Top business.
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| The At The Top attraction is considered a 'must see' for a significant portion of the approximately 16 million overnight visitors to Dubai each year. |
Emaar Properties on Tuesday denied reports it is looking to sell the observation deck of Burj Khalifa, the world’s tallest tower.
Earlier, unnamed sources quoted in a Reuters report claimed Standard Chartered bank had been appointed as advisors as part of a potential sale.
But in a filing with Dubai Financial Market, the Dubai developer said: "The company would like to confirm that it is not selling the At The Top business in Burj Khalifa."
Emaar added in the statement: "The company is currently considering a structured transaction wherein financing is being raised against the cashflows of At The Top business.
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