How Much Does A Burj Khalifa Apartment Cost?
If you want to make the tower your home, its residential services offer exclusivity and glamor for a higher price.
How much will purchasing or renting an apartment in this renowned landmark cost? What are the services and amenities that come with this residence? Let's explore the pros and cons of living in one of the most famous skyscrapers in the world.
Buying An Apartment In The Burj Khalifa
Owning a home in the Burj Khalifa will put you at an elite level in the upscale real estate market. With 900 residences, the tower offers studios, 1,2, 3, 4, and five-bedroom homes. Prices differ based on size, layout, floors, views, and floor.
1 Bedroom Apartments in Burj Khalifa
If you want a single-bedroom apartment for a one-bedroom apartment, you must pay from AED 2 million to AED 4 million. The larger ones are more spacious and come with a Dubai Skyline view.
- Type: 1-bedroom
- Price: AED 3,349,888
- Area: 936 sq. ft.
2 Bedroom Apartments in Burj Khalifa
Two-bedroom apartments in the Burj Khalifa generally are priced between AED 3.5 million at the affordable side up to 7 million for extravagant mid- to upper-floor options.
- Type: Two bedrooms plus maid's room
- Price: AED 7,500,000
- Area: 2,036 sq. ft.
3 Bedroom Apartments in Burj Khalifa
For families looking for large apartments within the Burj Khalifa, three-bedroom homes begin at AED 6 million. Penthouses and upper-floor options with panorama views are available for more than AED 12 million.
- Type: Three bedrooms Room for the maid
- Price: AED 8,000,000
- Area: 2,333 sq. ft.
Factors Influencing Prices
Many factors impact prices for condominiums within the Burj Khalifa:
- Flooring Stage Floor stage units with better flooring and higher views are priced higher.
- Size and layout The size and layout of bathrooms and the rectangular footage increase the cost.
- Building Facilities Access to gyms, pools, lounges, and concierge services are charged.
- Dubai Market Conditions The real estate market in Dubai changes if prices rise or fall in the basics.
- Prestige And Exclusivity - Living at one of the best famous houses anywhere in the world is an absolute pleasure.
The Burj Khalifa's price is stable compared to other cities. Potential buyers must study current market conditions prior to making a purchase.
Annual Service and Maintenance Fees
In addition to mortgage or hire charges, you must pay annual fees and maintenance costs. These costs cover the security of common areas, the creation of teams of workers and protection, as well as services and many more.
At the Burj Khalifa, one is charged between AED 60 and AED 70 for each square foot yearly. If you live in a 1,500 sq ft home, it is AED 90,000 to 105,000 each year.
Service charges assure residents get top-quality maintenance and support. Although not a lot, the peace of mind is worth it to many Burj tenants and owners.
Utilities And Lifestyle Costs
If you are budgeting for your lifestyle at the Burj Khalifa, be sure to include the cost of utilities, which goes beyond property expenses.
In the next month, expect to pay for monthly costs:
- 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+
Monthly living expenses exceed hundreds of thousands of dirhams. The luxurious lifestyle of Dubai's elite comes at a cost!
Return on Investment Potential
The substantial cost of purchasing a property in the Burj Khalifa can result in price shock. However, the tower's apartments provide a strong return on investment opportunities through capital appreciation and rental earnings.
According to the available data and research, Khalifa rent yields vary between 4 and 6 percent. When compared to the average of 2-3% yields for other top Dubai real estate properties, Burj Khalifa has earned its place as a wise investment choice. The current ROI is 6.01 percent, which is extremely appealing.
Over the past 10 years, the median prices for apartments within the tower have risen 11%. Although the market has decreased in recent years, the Burj Khalifa has performed better than other off-plan projects that stagnated during the 2008 Dubai property market crash.
The most famous addresses in the world will give you a different desirable return on investment. As Dubai's status as a world-class luxury and tourism destination grows, the Burj Khalifa is set to reap great rewards in the future.
The Verdict
The Burj Khalifa is a winner for those who live luxurious lifestyles. Living in the tower provides the ultimate experience, from top-of-the-line amenities to stunning skyline views.
However, this luxury lifestyle comes with a high price. For buyers and renters who budget millions of dollars, the Burj Khalifa's numerous perks could justify the cost. For those who aren't inclined or able to spend, many affordable luxurious options for living are available in Dubai.
The Burj Khalifa sets the standard for Dubai's luxurious, exclusive life. It is a place to call home that puts you at the top of the Dubai residential real estate market in many ways
