🕯 Burj Khalifa turns 15
ℹ️ The opening ceremony took place on January 4, 2010. The building was scheduled to open on September 9, 2009 at the same time as the Dubai Metro, but the opening was postponed to January 2010 due to reduced funding from the developer.
💸 Average property prices in Burj Khalifa are 78.5% higher than citywide prices in Dubai, with rents for 1-bedroom apartments ranging from 150 000 to 180 000 AED per year depending on furnishings and storey, according to the latest industry reports.
📆 In 2024, the cost of rent in the world's tallest tower will approach the peak seen in 2015-2016. In those years, the rental cost exceeded 180 thousand dirhams.
🧐 Historically, the building has an occupancy rate of 85-90%, indicating constant demand despite the cyclical nature of the market.
️↗️ Property in the landmark tower provides rental yields of 5 to 6%, making it a preferred choice for buy-to-let investors, experts say.
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Realtor
1wWell done 🤩🤩🤩🎊🎊🎊