For those looking to call the tower home, its residential services carry exclusivity and prestige at a premium price.
How much does buying or renting an apartment in this iconic landmark cost? What services and amenities come with this residency? Let's discover the ins and outs of residing in one of the world's most well-known skyscrapers.
Buying An Apartment In The Burj Khalifa
Owning a property within the Burj Khalifa places you on the top of Dubai's luxurious real property marketplace. With 900 residential units, the tower gives studios, 1, 2, 3, 4, and 5-bedroom residences. Prices vary based totally on size, format, floor, and views.
1 Bedroom Apartments in Burj Khalifa
For a one-bedroom apartment, you have to pay between AED 2 million to AED 4 million. The higher units are spacious with Dubai skyline views.
- Type: 1-bedroom
- Price: AED 3,349,888
- Area: 936 sq. ft.
2 Bedroom Apartments in Burj Khalifa
Two-bedroom units in the Burj Khalifa usually range from AED 3.5 million on the more affordable end to AED 7 million for lavish mid-to-upper floor options.
- Type: Two-bedroom + maid’s room
- Price: AED 7,500,000
- Area: 2,036 sq. ft.
3 Bedroom Apartments in Burj Khalifa
For families looking for spacious digs in the Burj Khalifa, three-bedroom apartments start around AED 6 million. Penthouses and upper-floor options with panoramic views can fetch over AED 12 million.
- Type: Three-bedrooms, maid’s room
- Price: AED 8,000,000
- Area: 2,333 sq. ft.
Factors Influencing Prices
Several factors affect condominium prices within the Burj Khalifa:
- Floor stage - Units on better flooring with higher views come with premium pricing.
- Layout and size - More bedrooms/toilets and larger rectangular footage enhance fees.
- Building Facilities - Access to pools, gyms, lounges, and concierge offerings add a fee.
- Dubai Market Situations - Local real property marketplace trends effect if prices are growing or falling basic.
- Prestige And Exclusivity - Owning in one of the most recognizable homes in the world is top class.
While the Burj Khalifa offers price stability relative to other areas, prospective buyers should still research current market conditions before purchasing.
Renting Inside The Burj Khalifa
For the ones not ready to buy, renting a property inside the Burj Khalifa gives a luxurious and exclusive living experience on a flexible basis. Rental prices align with the factors mentioned above to determine buy prices.
Here are typical monthly rents for various apartment types:
| Unit Size | Estimated Monthly Rental Range |
|---|---|
| 1 bedroom | AED 15,000 - AED 25,000 |
| 2 bedrooms | AED 20,000 - AED 40,000 |
| 3 bedrooms | AED 35,000 - AED 70,000 |
| 4+ bedroom penthouse | Starting around AED 60,000 up to over AED 200,000 |
Renting a property in Burj Khalifa allows you to enjoy world-class amenities without a long-term commitment.
Annual Service and Maintenance Fees
On top of hire or mortgage bills, you have to pay annual fees and maintenance expenses. These costs pay for the protection of common areas, building a team of workers, protection, services, and more.
In the Burj Khalifa, you can expect yearly service fees of AED 60 to AED 70 per square foot. For a 1,500 sqft apartment, that equates to AED 90,000 to AED 105,000 per year.
Service charges ensure residents enjoy top-notch maintenance and services. Though not insignificant, the peace of mind is worth it for many Burj owners and renters.
Utilities And Lifestyle Costs
When budgeting for lifestyles in the Burj Khalifa, don’t forget utilities costs beyond real property charges.
Expect the following in monthly expenses:
- Electricity/cooling: AED 2,000 to AED 3,000
- Water: AED 500 to AED 1,000
- Internet/cable TV: AED 500+
- Groceries: AED 2,000+
- Dining/enjoyment: AED 5,000+
- Misc. Costs: AED 1,000+
Total month-to-month living costs effortlessly reach into the tens of lots of dirhams. The lavish lifestyle of Dubai's elite comes at a price!
Amenities and Lifestyle
You can experience top-of-the-class facilities included in service fees:
- World-elegance health centers
- Multiple swimming pools
- Men's and ladies's spas with jacuzzis, saunas, and steam rooms
- Yoga and health studios
- Lounges and activity rooms
- Library and media rooms
- Concierge offerings to be had 24/7
- Direct connection to the Dubai Mall
Dining options abound in the Dubai Mall and the Armani Hotel in the tower. You can also request in-home dining services through the concierge.
For socializing and events, sky lobbies and lounge spaces are placed in the course of the tower. The Sky Lounge on the 148th ground gives panoramic perspectives day or night time.
With countless amenities, offerings, eating places, and points of interest just an elevator ride away, residing within the Burj Khalifa offers final convenience.
Return on Investment Potential
The significant premium to purchase property in the Burj Khalifa may cause sticker shock. However, apartments in the tower present strong return on investment potential through capital appreciation and rental income.
According to data, Burj Khalifa rental yields range from 4-6%. Compared to the average 2-3% yields seen for other premium Dubai real estate, Burj Khalifa stands proud as a smart investment preference. The Current ROI is 6.01% which is very attractive.
Over the past decade, average sale prices of apartments in the tower have increased 11% overall. Though the market has cooled barely in recent years, the Burj Khalifa has fared better than other off-plan projects stalled during Dubai's 2008 property crash.
Owning one of the world's most prestigious addresses doesn’t disappoint regarding returns. As Dubai's reputation as an international luxury and tourism vacation spot grows, the Burj Khalifa promises excellent prospects moving forward.
The Verdict: Well Worth the Cost for Some
The Burj Khalifa delivers on all fronts for those for an ultra-luxurious lifestyle. From state-of-the-art amenities to commanding skyline perspectives, residency in the tower gives an elite experience.
However, that privileged lifestyle comes at a sky-high cost. For renters and buyers budgeting in the millions, the Burj Khalifa's many perks likely justify the price tag. But for those much less willing or able to splurge, lots of low-priced luxurious living alternatives exist around Dubai.
The Burj Khalifa sets the bar for exclusive, lavish living in the region. Calling it home places you on the top of Dubai's residential real estate scene in more ways than one!
