As the Burj Khalifa celebrates its 15th anniversary, it continues to stand as a symbol of luxury and exclusivity in Dubai. Average property prices in this iconic tower are 78.5% higher than the city-wide rates, with 1-bedroom rentals ranging from AED 150,000 to AED 180,000 annually, depending on furnishings and floor levels.
Property Price Comparison
Data from Knight Frank reveals that average prices in the Burj Khalifa reach AED 3,000 per square foot, significantly above the city-wide average of AED 1,680 per square foot as of the end of 2024. This remarkable price difference highlights the building’s prestigious status.
Market Performance Insights
Faisal Durrani, partner and head of research for Mena at Knight Frank, noted that Dubai’s residential market is experiencing record demand. City-wide property prices increased by 19.1% in 2024, while the Burj Khalifa saw a growth of 12.9%, showcasing its sustained appeal amid limited inventory.
Investment and Sales Data
Since its opening in 2010, the Burj Khalifa has accounted for 0.5% of Dubai’s total residential sales, totaling AED 8.8 billion. In 2024 alone, home sales within the tower reached AED 467.1 million, despite a slight decline from AED 495.2 million in 2023 due to fewer homes available for sale.
Rental Trends and Yields
In terms of rental performance, the Burj Khalifa has historically maintained an occupancy rate of 85-90%, demonstrating consistent demand. The current rental yields range between 5% to 6%, making it an attractive option for buy-to-let investors.
Conclusion
Living in the Burj Khalifa offers not only breathtaking views but also a lifestyle marked by luxury and exclusivity. With high rental prices reflecting its status as a premier address in Dubai, it remains a sought-after location for affluent individuals looking to invest in one of the world’s most recognizable buildings.
