Want to live the high life? Well now you can bid for it.
An American property website is offering an entire floor of world’s tallest tower for auction, with bids starting at 19. 9 million dirhams ($5.4 million).
The U.S. site, Freedom Realty Exchange, has launched an auction for the “entire corporate floor above the 110th floor” of the Burj Khalifa in Dubai.
The company said it would be accepting bids until June 28, and a 400,000 dirham deposit is required to enter a sealed bid.
But confusion has entered the mix as Emaar Properties, the developer of Burj Khalifa, said on Sunday that it had nothing to do with the auction, despite the U.S. website saying the online auction was being launched by Emaar.
A spokesperson told The National: “Burj Khalifa has not listed any such sales.”
But Freedom Realty Exchange’s representative in Dubai, Heather Washington, told the newspaper that the auction was “completely legitimate.”
She declined to respond to Emaar’s statement or to clarify whether the Real Estate Regulatory Authority (RERA) had approved the auction, The National reported. RERA’s approval is a legal requirement for any property auction in the emirate.
Meanwhile, a spokesman from the company which owns and manages Freedom Realty Exchange hailed the deal.
“As far as notable real estate auctions, this one tops them all,” Bill Lange, the president and chief executive of LFC Group, said in a statement.
“The auction will attract serious buyers who understand that this is an once-in-a-lifetime opportunity to purchase an entire corporate floor in the Burj Khalifa at a price they determine through online bidding,” he added.