Rent of one-bedroom flat in Dubai's Burj Khalifa will leave you SHOCKED, it is Rs...

Dubai's Burj Khalifa, the world’s tallest building, continues to stand as a symbol of luxury, attracting the ultra-rich to its residential units. A new report highlights the building's steep rental prices, which are 78.5% higher than the average in the rest of the city. A one-bedroom apartment in the iconic skyscraper now costs between 150,000 to 180,000 Dirhams (over Rs 42 lakh) annually to rent.

According to data from real estate consultants Knight Frank, rental prices in the Burj Khalifa have soared to 3,000 Dirhams per square foot, significantly higher than the city-wide average of 1,680 Dirhams per square foot as of the end of 2024.

This surge in prices mirrors the peak levels seen in 2015-2016, with monthly rents for a one-bedroom apartment having reached over 180,000 Dirhams during that period. As of 2024, rents remain high, ranging from 150,000 to 180,000 Dirhams annually, depending on the apartment’s furnishings and floor level. Despite the high costs, the building maintains an impressive 85-90% occupancy rate, making it an attractive investment for buy-to-let property owners, with rental yields between 5-6%.

In addition to rentals, Burj Khalifa has also seen solid sales. In 2024, the tower recorded 467.1 million Dirhams in home sales, a slight drop from the previous year, but still remarkable given the limited number of available units. Of the 98 non-branded units sold, the average price per unit was 4.8 million Dirhams, with two-bedroom apartments reaching up to 9.7 million Dirhams per square foot. The sale of luxury homes in Burj Khalifa continues to make it one of the top choices for those seeking the ultimate in luxury living.