What is the true cost of living in the Burj Khalifa?

The iconic Burj Khalifa in Dubai contains approximately 900 apartments, spread across various floors of the world's tallest building. For those considering living there, the costs are not insignificant. Renting a 1-bedroom apartment in the Burj Khalifa costs around AED 160,000 per year, which equates to approximately £34,000 per year (£2,800 per month). For a purchase, prices start from around £500,000.

Why almost no one actually wants to live there

Although the prestige of living in the Burj Khalifa is considerable, in practice, few people actually want to reside there. The biggest drawback? The view. Those who live in the Burj Khalifa look out over the city, but they miss the iconic sight of the tower itself. It is the buildings surrounding the Burj Khalifa that offer that famous view, making them more attractive to many residents and investors.

Consequently, property prices within the Burj Khalifa itself have remained relatively flat in recent years, while demand and value appreciation in surrounding projects have increased. Many people want the Burj in their view, but not as their own address.

For the same budget, you could also purchase a luxury townhouse in Dubai, offering more space and often a better location for daily living. Such a property often provides greater long-term value and living enjoyment than an apartment in a tourist-centric skyscraper.

Therefore, living in the Burj Khalifa remains primarily for enthusiasts of the iconic, but for those looking at living comfort or return on investment, there are better alternatives in Dubai.