Dubai’s Burj Khalifa Still Remains As A Great Appeal Among Investors

0
3208
burj_khalifa_aka_burj_dubai

There are numerous investors interested in buying units in Burj Khalifa, the world tallest residential tower. The amount of mortgage dealings for the fabulous skyscraper in Downtown Dubai amounted 61 striking Dh338 million compared to 32 transactions, worth Dh174 million, in 2013. The amount of cash transactions have increased by 18 per cent to 72, worth Dh513 million, in the first nine months of 2014 as to 61, worth Dh463 million, at the same time last year.

burj_khalifa_aka_burj_dubai

Burj Khalifa recorded the one of the great property deal in Dubai in the third quarter of 2014.
In Burj Khalifa an apartment was sold for Dh 28 million and also attained the peak in the list of 10 most expensive apartment transactions for the third quarter 2014.

In Burj Khalifa the apartments during recession the price fell from 10,000 per square feet in 2008 to 2,400 per square feet in 2009 – 2010.

During the first months of 2014 the registered transactions with Dubai Land Department stand at Dh3650 per square feet and it was Dh 3,500 per square same period in the last year. The top price paid in 2014 was
Dh 5,285 per square feet.

According to Real estate firm agents the interest towards investing in Burj Khalifa apartments from the category of senior management level employees. According to a real estate agent from a renowned brokerage, on looking in the rise in the demand from the senior management level, people under this category are taking loans and utilizing the housing allowance in order to disburse the equated monthly installments. They are living in it as a status symbol.

The 2,717-feet (828-metre) Burj Khalifa comprises of 900 studio, one-, two-, three- and four-bedroom apartments and there are 144 private Armani Residences. It presently owns the higher observation deck in the world (148th floor, 555 meters from the ground).

NO COMMENTS