 worth of properties owned by the United Arab Emirates, mostly purchased in 2022, are also exempt from property taxes. If the UAA is indeed behind the 600 CBR compound, it would bring the UAA-connected holdings to an assessed value of $132 million. One of the properties on the 600 CBR compound is the Falls, which was purchased for about $45 million in 2020 from AOL co-founder Jim Kimsley, making it the biggest land purchase in the region's history.