Average property prices in the Burj Khalifa are 78.5 per cent above the city-wide rates in Dubai while rentals for 1-bedroom units range between Dh150,000 to 180,000 annually, depending on furnishings and floor levels, according to the latest industry reports.
Knight Frank data showed that average prices in the Burj Khalifa stood at Dh3,000 per square foot compared to a city-wide average of Dh1,680 per sqft at the end of 2024.
The figures were released on the occasion of the 15th anniversary of the world’s tallest building.
The Burj Khalifa’s 15-year reign as the world’s tallest building comes at a time when Dubai’s residential market is experiencing record demand and growth. Indeed, city-wide prices ended the year 19.1 per cent up on 2023, with the Burj Khalifa not far behind with 12.9 per cent growth, a remarkable achievement given the city-wide dearth of properties for sale,” said Faisal Durrani, partner and head of research for Mena at Knight Frank.
Every 200th dirham went to Burj Khalifa
The global real estate consultancy said Dubai has recorded Dh1.77 trillion in total residential sales since 2010, with the Burj Khalifa accounting for 0.5 per cent of this total. “To put this into perspective, every 200th dirham spent on residential properties in Dubai over the last 15 years has gone towards owning a piece of the world’s tallest building,” it said.