The primary builder is South Korean Samsung C&T, who also built the Taipei 101 and Petronas Twin Towers,[10] followed by Belgian group Besix and Arabtec from UAE. Turner Construction Company was chosen as the construction project manager.[11] Under UAE law, the Contractor and the Engineer of Record are jointly and severally liable for the performance of Burj Khalifa. Therefore, by adoption of SOM's design and by being appointed as Architect and Engineer of Record, Hyder Consulting is legally the Design Consultant for the tower.
The total budget for the Burj Khalifa project is about US$1.5 billion; and for the entire new "Downtown Dubai", US$20 billion.[12] Mohamed Ali Alabbar, the CEO of Emaar Properties, speaking at the Council on Tall Buildings and Urban Habitat 8th World Congress, said that the price of office space at Burj Khalifa had reached US$4,000 per sq ft (over US$43,000 per m2) and that the Armani Residences, also in Burj Khalifa, were selling for US$3,500 per sq ft (over US$37,500 per m2).[13] The completion of the tower coincided with a worldwide economic slump and overbuilding, causing it to be described as "the latest ... in [a] string of monuments to architectural vacancy."