Real Estate
Burj Khalifa sees $2.7bn home sales since launch, deals up 22% last year
January 11, 2024
Dubai's Burj Khalifa, standing tall as the world's tallest building, continues to attract investors with a whopping $2.7 billion in home sales since its opening 14 years ago.
In 2023, despite a 52% drop in available homes for sale, the tower saw a 22% increase in deals, making up a significant 7% of all sales in Downtown Dubai.
The Burj Khalifa's impressive price surge of 55.4% since March 2021 showcases its resilience in the market. International buyers are drawn to its iconic stature, contributing to 8% of Downtown's total home sales since 2010.
As Dubai's property market thrives, the city is positioned as the third global prime residential market in 2024, with a 16% rise in prices in 2023, yet maintaining its status as one of the more "affordable" luxury home markets worldwide, priced at around AED3,740 ($1,018) per square foot.
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