The Residence Burj Khalifa in Dubai
The Residence Burj Khalifa in Dubai is a long-awaited project from one of the most well-known and respected developers in the Middle East real estate market. As part of the project, a 13-storey apartment building is being constructed, featuring an ultra-modern architectural style. The complex embodies the heritage of the world’s tallest skyscraper, Burj Khalifa, located just a few metres from it. On the residential floors of the building, there is a unique collection of 35 apartments, the area of which varies from 533 to 1478 m2. The prime residences will be put into operation in late 2024. Some of the residential properties were purchased almost immediately after the sales started due to the numerous amenities offered in the community and its perfect location in the heart of the city.
Real estate in Downtown Dubai, Dubai , UAE
In this central district of Dubai, numerous residential properties are consistently popular among investors and buyers. The local real estate is mostly represented by multi-family developments, including studios, 1- to 7-bedroom apartments, and penthouses with 4 or more bedrooms. The architectural style of the high-rise buildings is very diverse, so every tower is unique. There you can find both low-rise buildings of Middle Eastern design, and futuristic skyscrapers.
The area also offers a limited selection of duplexes and villas with 2 or more bedrooms. Each residential complex has many public facilities built to make the real estate owners and tenants feel comfortable. These typically include gyms, swimming pools, parking lots, and other amenities.
In addition to the housing stock, the area offers a wide range of commercial real estate. It is in demand among investors seeking to capitalise on capital gains or rentals, as well as among entrepreneurs planning to develop their own business in the emirate. This type of real estate includes office and retail premises, hotel apartments, catering facilities, and other premises.
Purchasing property in The Residence Burj Khalifa
The Residence Burj Khalifa is under construction currently. For this reason, prices of the luxury residences are lower than they will be by the end of construction. As of June this year, 3-bedroom apartments can be purchased for AED 4,080,000 (USD 1,110,000), 4-bedroom apartments are offered for AED 7,630,000 (USD 2,070,000), and 5- to 7-bedroom properties can be purchased for AED 8,990,000 and AED 15,260,000 (USD 2,440,000 and USD 4,150,000), respectively. The developer can change the prices during the project: they have already gone higher since the construction started, and this trend will continue. Therefore, it is necessary to clarify the current price immediately before making a purchase decision.
Buyers of off-plan residences in the under-construction The Residence Burj Khalifa residential community can enjoy other benefits of off-plan real estate deals. One of them is an attractive payment schedule set by the developer. According to it, a 20% deposit should be paid to book the property you like, and 60% will be paid in instalments. You should pay the rest of the amount after the construction is completed.
Would you like to get the maximum benefit from a deal with off-plan (under-construction) housing? Our experts are here to assist you. Please, feel free to contact them for more information about the new project, as well as support during the purchase process and after-sales services.
