The iconic Burj Khalifa, the tallest building in the world, has once again solidified its position as a cornerstone of Dubai’s luxury real estate market. In 2024 alone, the tower recorded home sales worth AED467.1 million ($127.17 million), underscoring its enduring appeal among high-net-worth individuals even as it celebrates its 15th anniversary.
According to Knight Frank’s preliminary sales data, the average price per square foot in the Burj Khalifa reached AED3,000 by the end of 2024, an impressive 78.5% above the city-wide average of AED1,680 per square foot. Despite a 27% drop in the number of available units, sales only dipped slightly by 5.7% compared to 2023’s AED495.2 million. This resilience highlights the tower’s unmatched demand in Dubai’s property market.
Since its inauguration in 2010, the Burj Khalifa has accounted for AED8.8 billion ($2.4 billion) in total home sales—43% ahead of the second-highest contributor, Atlantis The Royal. Remarkably, the tower represents 6.2% of Downtown Dubai’s total residential sales value, amounting to AED144.2 billion.
In 2024, 98 non-branded residential units were sold in the Burj Khalifa, with an average transaction price of AED4.8 million per home. The highest sale in this segment was AED9.7 million for a two-bedroom unit, priced at AED4,391 per square foot.
Additionally, 18 branded residences found buyers, with the most expensive being a five-bedroom unit that fetched AED44 million (AED4,987 per square foot). These figures highlight the premium buyers are willing to pay for exclusive luxury living in one of the world’s most prestigious addresses.
Since its inauguration in 2010, the Burj Khalifa has accounted for AED8.8 billion ($2.4 billion) in total home sales—43% ahead of the second-highest contributor, Atlantis The Royal. Remarkably, the tower represents 6.2% of Downtown Dubai’s total residential sales value, amounting to AED144.2 billion.
With 1,862 units sold to date and 76% of residences now valued at over $1 million, the Burj Khalifa continues to symbolize luxury, innovation, and architectural excellence. As Dubai remains a magnet for high-net-worth individuals, the tower stands tall—both literally and figuratively—as a global icon in real estate.
For investors and luxury property enthusiasts, the Burj Khalifa remains more than just an address—it’s a legacy.
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