Burj Khalifa Towers in Downtown Dubai - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Burj Khalifa Towers

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	51	43,367	2,200,000
1	96	30,923	2,975,000
2	185	33,536	6,200,000
3	247	34,896	8,633,333
4	417	43,123	18,000,000

Rents in Burj Khalifa Towers

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	51	1,848	94,248
1	105	1,862	195,000
2	158	1,868	295,533
3	245	1,851	452,500

The cap rate (rental yield) of investments into Burj Khalifa Towers project is 5.5% on average.

The price of an apartment in Burj Khalifa Towers is 35,239 AED/sqm on average.

Price for completed Studio apartment in Burj Khalifa Towers is 2,200,000 AED or 43,367 AED/sqm.
Price for completed 1 bedroom apartment in Burj Khalifa Towers is 2,975,000 AED or 30,923 AED/sqm.
Price for completed 2 bedroom apartment in Burj Khalifa Towers is 6,200,000 AED or 33,536 AED/sqm.
Price for completed 3 bedroom apartment in Burj Khalifa Towers is 8,633,333 AED or 34,896 AED/sqm.
Price for completed 4 bedroom apartment in Burj Khalifa Towers is 18,000,000 AED or 43,123 AED/sqm.

Rent in Burj Khalifa Towers is 43,123 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in Burj Khalifa Towers is 94,248 AED or 1,848 AED/sqm.
Rent for 1 bedroom apartment in Burj Khalifa Towers is 195,000 AED or 1,862 AED/sqm.
Rent for 2 bedroom apartment in Burj Khalifa Towers is 295,533 AED or 1,868 AED/sqm.
Rent for 3 bedroom apartment in Burj Khalifa Towers is 452,500 AED or 1,851 AED/sqm.

About Burj Khalifa Towers

'Burj Khalifa Towers' in 'Downtown Dubai' area project description

The Burj Khalifa Towers project in Dubai represents both an architectural marvel and a symbol of the city's rapid modernization and ambition to become a global metropolis. The development, which culminated in the completion of the world’s tallest skyscraper, Burj Khalifa, has had a profound impact on the skyline of Dubai and has redefined modern urban living.

At a staggering height of 828 meters (2,717 feet), Burj Khalifa is a centerpiece of the 490-acre flagship development called Downtown Dubai, masterminded by Emaar Properties. Its design is inspired by the hymenocallis flower, incorporating a triple-lobed footprint that provides structural stability and aesthetic elegance. The tower houses a mix of residential, commercial, and hospitality spaces, including luxury apartments, corporate offices, and the Armani Hotel, which features designs by Italian fashion designer Giorgio Armani.

The construction of Burj Khalifa began in 2004, and it took six years of meticulous planning, innovative engineering, and intensive labor to complete, with the official opening taking place on January 4, 2010. The project involved over 12,000 workers and craftsmen from around the world, highlighting Dubai's ability to attract global talent and investment.

Engineered by Skidmore, Owings & Merrill, the tower’s design incorporates a high-performance concrete structure and a cladding system that withstands the extreme temperatures of the UAE. Wind engineering played a critical role, ensuring the tower’s stability and comfort for its occupants despite Dubai's harsh desert conditions.

Burj Khalifa is not just a tall building but also an integrated community offering a range of amenities and attractions. The observation decks, At the Top, located on the 124th and 148th floors, offer unparalleled views of the city and beyond, drawing millions of visitors each year. The tower also includes an impressive array of leisure facilities such as four luxurious swimming pools, a gym, a library, and a resident’s lounge.

Its impact extends beyond its physical presence; Burj Khalifa has propelled Dubai onto the global stage as a leading tourist destination. The tower has significantly boosted the local economy by attracting businesses, encouraging tourism, and serving as a cultural icon.

The Burj Khalifa Towers project encapsulates Dubai's vision and tenacity, demonstrating how ambition, coupled with technological ingenuity, can lead to the creation of a landmark that captures the imagination of people worldwide. It stands as a testament to the city's aspirations and its evolution into a modern hub for commerce, tourism, and luxury living.

Q&A on Burj Khalifa Towers

What are the advantages of 'Burj Khalifa Towers' project in Dubai for property buyers? What are the disadvantages?

Advantages

1. Prime Location
- Strategically situated in Downtown Dubai, offering proximity to key city attractions, business centers, and transportation hubs.

2. Iconic Status
- Being the tallest building in the world, owning a property in Burj Khalifa means possessing a part of architectural history and global prestige.

3. Luxury Amenities
- Offers world-class amenities including state-of-the-art fitness centers, swimming pools, resident's lounges, and concierge services.

4. High Rental Yield
- High demand from tourists and business travelers often translates into attractive rental yields for property owners.

5. Panoramic Views
- Unparalleled, unobstructed views of the city skyline, the Arabian Gulf, and famous landmarks like the Dubai Fountain and The Dubai Mall.

6. Quality Construction and Design
- Developed by Emaar Properties, known for their high construction standards, quality materials, and luxurious finishing.

7. Investment Potential
- Strong historical appreciation in property values, bolstered by Dubai’s growing economy and real estate market.

8. Exclusivity
- Limited number of residential units enhances privacy and exclusivity.

Disadvantages

1. High Cost
- Premium pricing makes it one of the most expensive residential options in Dubai, potentially limiting affordability for many buyers.

2. Maintenance Fees
- High service and maintenance charges can add a significant ongoing cost to property ownership.

3. Tourist Congestion
- Constant flow of tourists visiting Burj Khalifa can lead to noise and privacy concerns for residents.

4. Limited Re-Sale Market
- The niche market might limit the pool of potential buyers when reselling the property.

5. Parking
- Limited parking spaces can be an inconvenience, especially considering the high number of visitors and residents.

6. Living in a Commercial Environment
- The commercial nature of Downtown Dubai might not appeal to those seeking a more residential or suburban setting.

7. Market Volatility
- Dubai’s real estate market can be subject to fluctuations, influenced by global economic conditions and regional geopolitical developments.

8. Strict HOA Rules
- Homeowners' Association (HOA) rules and regulations might be more stringent compared to other residential areas.

What projects are better than 'Burj Khalifa Towers' project in Dubai which are located close by, and why?

1. Dubai Opera District: Offers a cultural hub with a mix of high-end residential, commercial, and leisure spaces, centered around the Dubai Opera. It provides a unique lifestyle centered around art and culture.

2. Emaar Boulevard Heights: Strategically located on Mohammed Bin Rashid Boulevard, it offers luxurious apartments with stunning views of Downtown Dubai. The amenities include pools, fitness centers, and close proximity to retail and dining options.

3. The Address Boulevard: Combines hotel luxury with residential living. High-end amenities, executive lounges, and dining options cater to residents looking for a premium lifestyle in an iconic setting.

4. Forte Towers: Developed by Emaar, these twin towers offer upscale residences with direct views of the Burj Khalifa and Dubai Fountain. Enhanced by proximity to Dubai Opera, the development creates a vibrant community atmosphere.

5. IL Primo by Emaar: Offers ultra-luxury, spacious apartments with no more than four units per floor, ensuring privacy and exclusivity. Residents enjoy panoramic views of key landmarks and access to world-class amenities.

6. The Address Residences Dubai Opera: Seamlessly blends residential and hospitality experiences, with luxurious amenities tailored for individuals seeking both comfort and opulence. Its proximity to Dubai Opera and Burj Park enhances its appeal.

7. Boulevard Crescent: Positioned on Mohammed Bin Rashid Boulevard, it offers stylish apartments with modern amenities like pools, fitness centers, and landscaped gardens. Its location ensures easy access to the best of Downtown Dubai’s attractions.

These projects are notable for their unique selling points, high-quality amenities, strategic locations, and overall offerings that may appeal more effectively to various lifestyle preferences and specific real estate needs compared to Burj Khalifa Towers.

What are the closest schools to 'Burj Khalifa Towers' project in Dubai?

- Hartland International School Dubai
Location: Mohammed Bin Rashid Al Maktoum City, Al Meydan Road, Dubai

- Jumeirah English Speaking School (JESS), Arabian Ranches
Location: Al Safa, 4th Interchange, Sheikh Zayed Road, Dubai

- North London Collegiate School Dubai
Location: Sobha Hartland, Mohammed Bin Rashid Al Maktoum City, Dubai

- Dubai International School
Location: Garhoud, Dubai

- GEMS Wellington Primary School
Location: Al Bada'a, Sheikh Zayed Road, Dubai

What are the closest medical clinics to 'Burj Khalifa Towers' project in Dubai?

1. Dubai Mall Medical Centre
- Location: Financial Center Road, The Dubai Mall

2. Mediclinic Downtown Dubai
- Location: Emaar Square Building 4

3. Aster Clinic - Business Bay
- Location: Bay Avenue, Executive Towers, Business Bay

4. Dr. Rami Hamed Center (DRHC)
- Location: Dubai Healthcare City, Building 52

5. Emirates Hospital Clinics - The Springs Souk
- Location: The Springs Souk, Al Afnan Street, The Springs

6. American Hospital Clinic
- Location: DHCC Building 19, Oud Metha Road

7. Medcare Medical Centre
- Location: Jumeirah Beach Road, Umm Suqeim 1

8. Vita Clinics - Dubai
- Location: The Dubai Mall, Financial Center Road