owntown Dubai', US$20 billion. In March 2009, Mohamed Ali Alabbar, Chairman of the project's developer, Emaar Properties, said office space pricing at Burj Khalifa reached US$4,000 per sq ft (over US$43,000 per m2) and the Armani Residences, also in Burj Khalifa, sold for US$3,500 per sq ft (over US$37,500 per m2).

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