Investors Begin Signing Up For Burj Khalifa AuctionThursday, May 10, 2012
According to the online auctioneers of, almost 40 investors have signed up for the auction of an entire corporate floor of Burj Khalifa. The LFC Group of Companies, which is a US based company handling the auction of the corporate floor via Freedom Realty Exchange, says that it is expecting an increase in the number of investors registering to take part in the auction in the weeks leading up to the auction.
The entire corporate floor above the 110th floor of the world’s tallest building is going to be auctioned and the minimum bid price set for it is $5.4m. Interested investors are allowed to submit their bids until 28th June. So far, nearly 40 investors have already registered to take part in the auction. One of the spokesperson from the LFC Group of Companies said that it is not known how many bids have been received because of the sealed bid format of the auction.
They also added that based on their past experience, they can say that bidders wait until closer to the auction time in order to conduct property research by utilizing the weeks leading up to the last date for bid submission. The CEO and president of the LFC Group of companies, Bill Lange, also said last month that this auction tops all the notable real estate auctions.
He also added that the auction is expected to attract serious buyers. This is because serious buyers understand that this is a once-in-a-lifetime opportunity to get their hands on an entire floor in Burj Khalifa.