burj khalifa offices to be sold in online auction
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Burj Khalifa offices to be sold in online auction

Arab Today, arab today

Arab Today, arab today Burj Khalifa offices to be sold in online auction

Dubai - Arabstoday

An entire corporate floor in Dubai's Burj Khalifa, the world's tallest building, is to be sold in an online auction. The auction, the first of its kind for Dubai, will see the 110th floor going under the hammer with the minimum bid set at $5.4m. Bids must be submitted by June 28, said LFC International Real Estate Brokerage, a licensed auction and real estate brokerage which is conducting the auction. The auction will be conducted online on the Freedom Realty Exchange, an industry-leading online real estate auction platform, a statement said. “As far as notable real estate auctions, this one tops them all," said Bill Lange, president and CEO, LFC Group of Companies. “Regardless of the notoriety of the Burj Khalifa, the auction will attract serious buyers who understand that this is an once-in-a-lifetime opportunity to purchase an entire corporate floor in the Burj Khalifa at a price they determine through online bidding.” The owner of the 110th floor, who has not been named, added: “Dubai is a global community and what better way to reach the global buying market than with an online auction where anyone interested in purchasing the property can do so no matter where they are in the world. “I’m also very excited that the auction presents a date certain for sale by compelling buyers to get involved now or risk someone else taking advantage of the auction sale.” The LFC Group of Companies said it has auctioned thousands of office, commercial, industrial, land and residential properties worldwide, with sales in excess of $5bn. The Burj Khalifa, which opened in 2010, stands 2,716 feet tall and is a mixed-used property consisting of 163 floors; 37 floors are devoted to corporate office space. Earlier this month, Dubai Land Department (DLD) said it expects to auction up to 80 properties this year as banks move to take action to recoup losses from homeowners in mortgage default. “The number of properties will be higher than last year, for example, maybe we can reach 80 properties at the end of this year,” said Humaid Omran Al Shamsi.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

burj khalifa offices to be sold in online auction burj khalifa offices to be sold in online auction

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

burj khalifa offices to be sold in online auction burj khalifa offices to be sold in online auction

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday