The initial budget approved by the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, for the construction of Burj Khalifa was approximately AED 4 billion (US$1.09 billion).
Actual Cost:
The actual construction cost of the Burj Khalifa turned out to be higher than the initial budget, with estimates ranging between AED 15 billion and AED 20 billion (US$4.1 billion to US$5.4 billion). The project included not just the construction of the tower but also the surrounding infrastructure, such as roads, bridges, and the Dubai Mall.