Burj Khalifa Area: A Golden Destination for Investors
The real estate momentum in Burj Khalifa area at the heart of Dubai continues to attract investments and attention from around the world.
The demand for high-quality luxury properties remains strong.
Sales have exceeded 11 billion dirhams since the beginning of this year.
Mentioning that the average price per square foot for residential apartments reaching an all-time high of 3,302 dirhams.
This price level is currently the highest in the entire emirate of Dubai.
The area that houses the iconic Burj Khalifa, the tallest tower globally, maintains its upward investment momentum.
It remains a golden destination for investors seeking to benefit from its strategic location and promising future.
Attractive blend of luxury, opulence, and urban development.
The unique blend of luxury, opulence, and urban development makes it particularly attractive.
Clearly, real estate sales in the area are on track to set a new record.
Surpassing last year’s figures, which reached around 19 billion dirhams.
Sales in the area this year already constitute approximately 72% of last year’s total.
Planning in invest in Burj Khalifa area ? Take a Look at Some Deal Specifics …
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Investors in Burj Khalifa area have concluded 2,612 deals since the beginning of this year, totaling 11.2 billion dirhams.
Ready-to-move properties accounted for approximately 65.3% of the total sales, amounting to 7.19 billion dirhams.
These included 1,836 deals for residential units and two deals for land parcels worth 220 million dirhams.
The remaining 34.7% of sales were off-plan, totaling 3.82 billion dirhams across 775 residential unit transactions.
Price per Square Foot:
The average price per square foot for residential apartments in Burj Khalifa area has continued to rise since the start of this year.
In July, it reached 3,302 dirhams per square foot, reflecting a 1.6% monthly growth and a significant 17.9% annual increase.
The standard apartment price in the area now stands at 3.09 million dirhams.
The UAE’s seaports have achieved qualitative leaps and record achievements that have strongly contributed to the country’s commercial and economic renaissance and strengthened its position as a strategic player and a major driver of global trade. The country’s ports have… pic.twitter.com/7JezaOwKUM
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Leading the Market:
Burj Khalifa area currently boasts the highest average price per square foot for apartment sales in Dubai, at 3,302 dirhams, outpacing its closest competitors.
Additionally, the area has achieved capital gains of 53.7% since the onset of the COVID-19 pandemic in March 2020.
It’s fascinating to see how this iconic location continues to thrive in the real estate market.
