[forwards4all] Just who is buying property in the world's tallest tower -Burj Khalifa

 

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Just who is buying property in the world's tallest tower -Burj Khalifa
Iranian and Indian investors are leading the charge in spending millions of dollars snapping up luxury apartments and shop space in the world's tallest tower. Dubai's government has revealed that more than $128million from Tehran has already been blown on the 828m high Burj Khalifa in the last six months. Many of the 358 mystery money-men have used cash to get around strict Western sanctions designed to limit their access to banks. And even more money has arrived from India, where investors are said to be keen to exploit the $700 to $1,000 per sq ft price, which is up to ten times cheaper than prime London locations. Dubai's land department also revealed that foreign investors had bought property worth around $7.6billion in the first half of 2012.
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