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Latest News

First rents at Burj Khalifa revealed

Tower finally starts handing keys to tenants.

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June 8, 2010 3:36 by



Gulf News reports that the tallest tower on the planet has finally opened its doors to tenants.

The handover of Burj Khalifa residential units has begun at long last, and “the market is beginning to get a feel for how much the rent should be for the 828-metre building’s exclusive units,” says the paper.

Real estate companies have begun to advertise annual rents for a studio in Burj Khalifa at AED 140,000. One bedroom apartments are asking for between AED 180,000 and AED 260,000 and two-bedrooms start at AED 300,000.

Middle and higher floors are commanding the higher rents, says the paper.

“The asking prices are a first test of how the market responds,” Elysian Real Estate property agent Joe Le Beau told Gulf News. “We are still in the early steps, and this is a very exclusive piece of real estate.”

The likelihood of rents dropping is slim, says the paper, because owners face high service charges. A one bedroom unit of about 1,000 square feet will incur more than AED 50,000 in charges a year, it says.



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5 Comments

  1. Anne on June 9, 2010 6:33 am

    THE HEADING ITSELF WHICH IS FIRST RENTS AT BURK KHALIFA SHOULD HAVE BEEN CHECKED BEFORE PUBLISHING.

    THE NAME OF THE TOWER AS I KNOW IS BURJ KHALIFA

    IT IS REALLY NOT GOOD TO SPOIL THE IMAGE OF THE BUILDING BY MAKING SUCH BIG MISTAKES.

     
  2. Ameet Sardesai on June 9, 2010 6:52 am

    Sorry Spelling mistake ….

    First rents at “Burk “Khalifa revealed

    Regards,

    Ameet

     
  3. Basel A-Shaban on June 9, 2010 12:28 pm

    Burk, isn’t that a bug???? It sure sounds like one :)

     
  4. Anne on June 9, 2010 1:11 pm

    mistakes does happen,try to see the bigger picture.throwing stones at others will not hide your hands.
    this comment is added by me and not Anne.
    i guess its due to the technical error which left Anne’s name and email id in the “leave a Comment”bar.

     
  5. Miss Anne Thropic on June 9, 2010 2:10 pm

    I think Burk Khalifa is a totally appropriate name for it…

     

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