Investors Sign Up For Burj Khalifa Auction

Nearly 40 investors have registered to take part in an auction to buy an entire corporate floor in the Burj Khalifa, the world’s tallest tower, the online auctioneers have told Arabian Business.

US-based LFC Group of Companies, which is handling the sale via the Freedom Realty Exchange, said it expects to see a spike in registrations in the weeks leading up to the auction.

“To date there are nearly 40 registered in the auction, but because of the sealed bid format of the auction, it is not known how many bids have been received,” a spokesperson for LFC Group of Companies said in an emailed statement.

“It’s been our experience that many bidders wait until closer to that time as they utilise the weeks leading up to the bid deadline to conduct property research and tour the property,” they added.