B R Shetty owns two floors at ’Burj Khalifa’ worth Rs 114cr.

Mangalore Today

Dubai, Jan.5:  "What better address than 100, Burj Khalifa, Dubai’," was the first reaction of NRI entrepreneur B R Shetty when asked about his latest acquisition. He owns a couple of floors in the world’s tallest building, the Burj Khalifa.
Shetty, the managing director and CEO of Abu Dhabi’s first multi-speciality healthcare facility, New Medical Centre (NMC), owns a "monstrous" amount of floor space at Burj Khalifa, which was inaugurated on Monday.

 

Monstrous because Shetty (67), who started as a medical representative 35 years back is a multi-billionaire today. He owns two floors at this marquee tower, apart from the two floors. The floors cost him approximately Rs 57 crore each.

Shetty bought the space for Dirham 3,000 (Rs 38,000) per sq-ft. "Since I bought it, I have been receiving calls quoting as high as Dirham 12,000 per sq-ft. Even in these recessionary times, the price is still quoted at Dirham 8,000 for the space I bought for Dirham 3,000," said the proud owner, who added he wouldn’t sell what he owns at Burj Khalifa for any price.

Shetty will get possession of the two floors plus the apartments in February this year.