The Burj Khalifa, standing at an impressive height of 828 meters (2,717 feet), is the tallest building in the world. Opened to the public in 2010, this iconic structure is located in Dubai and serves multiple functions, including high-end residences, corporate offices, hotels, and restaurants. Visitors can also enjoy breathtaking views from its observation decks.
Who Owns Burj Khalifa: Emaar Properties
The true owner of the Burj Khalifa is Emaar Properties, a Dubai-based real estate development company. Founded in 1997 by Emirati businessman Mohamed Alabbar, Emaar has been a significant player in shaping Dubai’s skyline. Under his leadership, the company has developed many renowned projects in the region.
Mohamed Alabbar: A Brief Biography
Mohamed Alabbar, born in 1956, is the first of 12 siblings. His humble beginnings in Rashidiya, Dubai, influenced his drive to succeed. Alabbar’s father was a captain of traditional wooden trading vessels, which showcased the family’s modest lifestyle.
After graduating from Seattle University in 1981 with a degree in Business, Alabbar returned to the UAE. He began his public service career at the Central Bank and later became instrumental in the economic development of Dubai. He forged a crucial relationship with Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum.
Emaar Properties’ Landmark Projects
Beneath Alabbar’s leadership, Emaar Properties has developed several key projects, including:
- Dubai Mall
- Dubai Fountain
- Future Dubai Creek Tower
This portfolio emphasizes Emaar’s vital role in the transformation of Dubai into a global tourism and business hub.
Mohamed Alabbar’s Net Worth
As of the latest reports from Forbes, Mohamed Alabbar has a net worth of approximately $2.3 billion. He holds stakes in several significant ventures, including Riyadh-based Noon.com, an e-commerce platform, and Dubai’s Zand Bank, a digital banking institution.
Rankings and Recognition
In 2025, Alabbar secured the 1573rd rank on the Forbes World’s Billionaires List, showcasing his significant financial achievements. His contributions to Dubai’s economy through Emaar Properties continue to shape the landscape of this bustling city.
