Burj Khalifa, the tallest building in the world, holds a special allure for both local residents and foreigners who aspire to own property here. Situated in Dubai Downtown, the heart of the city, Burj Khalifa offers an exceptional location with excellent infrastructure and convenient transportation access. With a diverse range of apartments available for purchase, from more modest options to luxurious high-end units, there is something to suit every preference. So how much does a Burj Khalifa apartment cost? Continue reading to discover the property prices in Burj Khalifa and the advantages of residing in this iconic tower.
Burj Khalifa's Developer
The world's tallest skyscraper, developed by Emaar Properties, stands as a testament to their expertise as the oldest investment company in the UAE. The project's design competition was won by Adrian Smith, an acclaimed American architect who had previously designed the notable Jin Mao Tower in Shanghai.
Photo: Peter Myers (Flickr)
Inside Burj Khalifa
Burj Khalifa boasts an impressive 163 floors, including technical levels. Does Burj Khalifa have residential floors? This multi-purpose skyscraper encompasses a range of amenities, including residential flats, office spaces, hotels, and an acclaimed restaurant located on the 122nd floor, where visitors can savour coffee with gold. Additionally, the tower features a sprawling observation deck that provides breathtaking panoramic views of Dubai and its surrounding suburbs, offering visitors a unique bird's-eye perspective of the city.
Situated in the heart of Dubai, Burj Khalifa enjoys a prime location with excellent infrastructure in its surroundings. Within walking distance from the tower, you can explore numerous shopping malls, bustling business centres, serene parks, and invigorating swimming pools. Additionally, nearby recreational areas offer a range of amenities, ensuring that you can relax and enjoy your leisure time in utmost comfort. Furthermore, the proximity of Burj Khalifa to Al Maktoum International Airport adds to its convenience and accessibility.
Photo: burjkhalifa.ae
Acquiring a property in the world's tallest building is a statement in itself, reflecting the discerning taste of the owner. Which type of housing can I find in Burj Khalifa and what is the price? Burj Khalifa offers an impressive selection of 900 residential units, each with a unique layout. The options range from cosy studios to opulent suites, featuring spacious rooms and captivating panoramic views of the city. The floor areas vary, starting from 36 square metres for smaller units and extending up to 500 square metres for luxurious 5-bedroom flats, catering to diverse preferences and lifestyles.
Local residents of Burj Khalifa enjoy exclusive access to a wide range of amenities within the skyscraper, including:
- Outdoor green terraces
- Conference halls
- Sports and playground areas
- Barbecue areas
- Swimming pools for adults and children
- Restaurants offering cuisine from around the world
- A wellness centre
- Spa facilities
- Gardens with exotic plants
- Observation decks with breathtaking views
- A mosque
- A spacious car park accommodating up to 3,000 vehicles
- 24/7 security services
Fun Facts about Burj Khalifa
What is the highest price for apartment in Burj Khalifa? In 2010, Burj Khalifa witnessed a historic and iconic deal. Indian tycoon B. R. Shetty made headlines by purchasing the entire 100th floor exclusively for himself. With an impressive investment of $25 million, he acquired three upscale flats, each boasting an average floor area of 500 square metres. Following the completion of the deal, numerous individuals approached Shetty, attempting to persuade him to sell some of his newly acquired properties. However, to this day, he remains the sole owner of all the properties on the 100th floor.
What Influences Real Estate Prices in Burj Khalifa?
How much does an apartment cost in Burj Khalifa? The pricing of properties in the skyscraper is not solely determined by the floor area. The state in which the flat is sold also plays a significant role in influencing the price. An unfurnished flat tends to be priced tens of thousands of dollars lower compared to a fully fitted-out flat. For those considering renting out their property, purchasing a furnished studio is advisable. This choice can attract tenants quickly once the title deed is received, providing a favourable return on investment in a shorter time frame.
Other things that influence the Burj Khalifa property prices include:
- The floor where the flat is located,
- The proximity of the flat to the tower's amenities,
- The presence of panoramic views,
- The layout of the floor plan,
- The number of bathrooms in the flat, and
- The overall condition of the flat.
148 floor. Photo: burjkhalifa.ae
How Much Does a Studio in Burj Khalifa Cost?
How much does Burj Khalifa studio apartment cost? Currently, the prices for a small studio with a floor area of 48 square metres start at $350,000. For a ready-to-move-in studio of the same floor area with two bathrooms, the starting price is at least $410,000.
Why do the Burj Khalifa apartments cost so much? Every flat in Burj Khalifa is meticulously finished with high-quality materials, ensuring a luxurious living experience. Moreover, the studios in Burj Khalifa feature floor-to-ceiling windows that provide stunning views of Dubai and the majestic Arabian Sea.
How Much Does a Two-Bedroom Flat in Burj Khalifa Cost?
What about Burj Khalifa two-bedroom property price? Two-bedroom flats within the skyscraper are particularly appealing to small families. These flats offer a variety of layouts, including options with two, three, or four bathrooms. Additionally, certain configurations include a staff room, which can be flexibly transformed into an office, walk-in closet, or even a laundry room.
How much does two-bedroom flat in Burj Khalifa cost? Interestingly, the prices of 2-bedroom flats are influenced not only by their layout but also by their location within the building. Higher floors command higher prices. For instance, the starting price for an unfurnished 2-bedroom flat with a floor area of 380 square metres is $680,000. If you prefer a long-term lease for such a flat, the approximate annual rental cost would be $60,000.
What is the most expensive two-bedroom property in Burj Khalifa? The most luxurious two-bedroom flats in Burj Khalifa command a price of $4.6 million. With this investment, the buyer will acquire a remarkably spacious and opulent flat spanning 719 square metres. This exquisite property features three bathrooms, a patio, and even an office space. Positioned in the upper part of the skyscraper, above the 100th floor, it offers a heightened sense of prestige. The flat comes fully furnished with tasteful furniture and top-of-the-line household appliances. Additionally, the buyer is provided with the added convenience of two parking spaces.
View from the upper floors of the skyscraper. Photo: Thomas Bunton (Flickr)
How Much Does a Luxury Flat in Burj Khalifa Cost?
Does the Burj Khalifa have luxury apartments? Luxury flats in Burj Khalifa offer an impressive range of three to five bedrooms, accompanied by three to seven bathrooms. These spacious layouts make them ideal for families with children. The high-end flats in Burj Khalifa boast exclusive designs and are meticulously furnished and equipped with top-of-the-line appliances. With panoramic windows that provide breathtaking views, a smart home system for added convenience, and a private lounge area, these flats offer an array of exceptional features that enhance the overall luxury living experience.
How much does a luxury apartment in Burj Khalifa cost? Indeed, upmarket flats in Burj Khalifa command significantly higher prices compared to other residential units. As an illustration, the starting price for a furnished 3-bedroom flat with 4 bathrooms, excluding appliances, begins at $1.9 million.
Is there in Burj Khalifa any other options for living besides apartment? For those seeking more spacious accommodations, the Armani Residences within Burj Khalifa offer an exceptional option. Spanning multiple floors, these residences bear the renowned Armani brand's signature touch, extending to the design, layouts, and interiors of each flat. As an example, a truly unique luxury suite within the Armani Residences, featuring 5 bedrooms and 7 bathrooms, is available for purchase at $10.5 million.
Photo: burjkhalifa.ae
How Profitable Are the Properties in Burj Khalifa?
Can I buy an apartment in Burj Khalifa for investing? Many individuals choose to invest in properties within Burj Khalifa with the intention of renting them out or selling them in the future. Even a small studio within the tower is regarded as a promising investment due to the high influx of tourists and expatriates who visit Dubai each year, seeking to reside in the heart of the emirate's capital. Does Burj Khalifa have a great potential in terms of investing in apartments? Renting out a small flat in Burj Khalifa can generate annual returns of approximately $20,000. Naturally, luxury properties have the potential to generate higher revenues, but they also come with higher upfront costs.
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In a Nutshell
In conclusion, this article tells how much does an apartment in Burj Khalifa cost. When comparing property prices in Burj Khalifa to premium housing options in cities like Paris, Hong Kong, or London, it becomes apparent that the former offers a more affordable investment opportunity. Studios in Burj Khalifa start at $350,000, while luxury options begin at $1.9 million. Investing in properties within this renowned skyscraper can prove highly lucrative, considering the flourishing real estate market in Dubai, which analysts predict will continue to experience growth. Now you understand the Burj Khalifa home price and can make a well-informed decision.
Cover photo: Marco Biasibetti (Unsplash)
