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1-bed · 1,185 sqftArmani Residences Burj Khalifa, Downtown Dubai · 13th floor · completed 2010

1316, Armani Residences Burj Khalifa

Sold prices and rental history: sold 4 times, last in January 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1316 · DLD and Ejari recordsUpdated 2 January 2023
Last soldAED 2.44M2 January 2023
Current rentAED 130K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1316, Armani Residences Burj Khalifa

What is 1316 worth today?

Last sold for AED 2,440,733 in 2023

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2 Jan 2023SoldReady
AED 2,440,733AED 2,060 per sqft
1 Aug 2022RentedNew contract
AED 130,000/yr12 months · AED 110 per sqft
28 Oct 2021RentedRenewal
AED 135,000/yr12 months · AED 114 per sqft
28 Oct 2020RentedNew contract
AED 120,000/yr12 months · AED 101 per sqft
1 Oct 2020RentedNew contract
AED 130,000/yr12 months · AED 110 per sqft
26 Sep 2019SoldReady
AED 1,500,000AED 2,532 per sqft
1 Sep 2018RentedNew contract
AED 150,000/yr12 months · AED 127 per sqft
16 Jun 2017RentedNew contract
AED 165,000/yr12 months · AED 139 per sqft

Source: Dubai Land Department. Updated 2 January 2023.

Key facts

Type
1-bed apartment
Size
1,185 sqft
Floor
13th of 16
Parking
B2-8309
Developer
Emaar
Completed
2010
Last sold
AED 2.44M · January 2023
Building
Armani Residences Burj Khalifa

About 1316, Armani Residences Burj Khalifa

1316 is a one-bedroom apartment of 1,185 sqft on the 13th floor of Armani Residences Burj Khalifa, a 16-storey tower in Downtown Dubai completed in 2010 by Emaar. It last sold on 2 January 2023 for AED 2,440,733, or AED 2,060 per sqft, 40% below the AED 3,435 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 August 2022, is AED 130,000 a year: a gross yield of 5.3% on the 2023 price.

Sales and rents for 1316 over time

Sales
Unit 1316, each saleTypical one-bed in Armani Residences Burj Khalifa
2.5M5M7.5M20112015201920232027Typical sale price by year: 2011 AED 6,150,000; 2013 AED 6,817,617; 2014 AED 5,635,757; 2015 AED 5,720,282; 2016 AED 6,000,000; 2017 AED 3,850,000; 2018 AED 2,350,000; 2019 AED 2,550,000; 2020 AED 2,200,000; 2021 AED 2,500,000; 2022 AED 4,030,980; 2023 AED 4,327,447; 2024 AED 3,522,500; 2025 AED 3,150,000; 2026 AED 3,000,000Sold, September 2019: AED 1,500,000 (AED 2,532 per sqft)Sold, January 2023: AED 2,440,733 (AED 2,060 per sqft)

1316 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1316, each contractTypical one-bed in Armani Residences Burj Khalifa
150K200K20152018202120242027Typical rent by year: 2015 AED 222,500; 2016 AED 214,361; 2017 AED 200,000; 2018 AED 160,000; 2019 AED 150,000; 2020 AED 130,000; 2021 AED 147,500; 2022 AED 182,500; 2023 AED 203,041; 2024 AED 220,000; 2025 AED 230,000; 2026 AED 202,500New contract, June 2017: AED 165,000 a yearNew contract, September 2018: AED 150,000 a yearNew contract, October 2020: AED 120,000 a yearNew contract, October 2020: AED 130,000 a yearRenewal, October 2021: AED 135,000 a yearNew contract, August 2022: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Armani Residences Burj Khalifa, and where 1316 sits

All 96 1-beds →

1316 last sold in January 2023 at AED 2,060 per sqft, 40% below what one-beds in Armani Residences Burj Khalifa were fetching at the time (AED 3,435). Over the last 12 months one-beds sold for AED 2,500,000 to 4,700,000, around AED 3,058 per sqft, and rent for AED 150,000 to 300,000 a year. 1316's AED 130,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Oct 20263,000,000
4 Sep 20263,981,888
10 Aug 20262,500,000
14 May 20264,700,000
8 1-bed sales in the last 12 months

Armani Residences Burj Khalifa

Building

144 apartments, 1-bed to 2-bed over 16 floors in Downtown Dubai, completed in 2010 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 3,097 Down 4.4%
Typical sale
AED 3.25M
Typical rent
AED 220K /yr
Typical yield
6.2%
Armani Residences Burj Khalifa, Downtown Dubai: prices, sales and rents →

Other units on the 13th floor

All 144 units in Armani Residences Burj Khalifa
Value
13011-bedAED 3.5M · Jul 2022
13021-bedAED 9.35M · Aug 2013
13031-bedAED 3.7M · Jul 2022
13042-bedAED 5.7M · Nov 2020
13051-bedAED 14.13M · Nov 2013
13062-bedAED 10.77M · Jun 2013
13072-bedAED 21.83M · Jul 2009
1–7 of 17

1316, Armani Residences Burj Khalifa in numbers

  • Sold 4 times: first on 2 July 2009 for AED 11,381,888, last on 2 January 2023 for AED 2,440,733 (AED 2,060 per sqft).
  • Rented since June 2017 on 6 Ejari contracts, from AED 165,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2023 price is 5.3%.
  • One-beds in Armani Residences Burj Khalifa sold for AED 2,500,000–4,700,000 in the 12 months to November 2026; the building's median across all types is AED 3,097 per sqft.

Source: Dubai Land Department. Updated 2 January 2023.

Questions about 1316, Armani Residences Burj Khalifa

What did unit 1316 last sell for?

AED 2,440,733 on 2 January 2023: AED 2,060 per sqft for 1,185 sqft. The unit has 4 registered sales; the first was AED 11,381,888 in July 2009.

What is the rent for unit 1316?

AED 130,000 a year on the contract signed on 1 August 2022. The previous contract, from October 2021, was AED 135,000; the unit has been rented since June 2017.

How big is unit 1316?

1,185 sqft (110.1 sqm): a one-bedroom apartment on the 13th floor of a 16-storey tower completed in 2010.

What is unit 1316 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Armani Residences Burj Khalifa sold for AED 2,500,000 to 4,700,000 in the last 12 months, around AED 3,058 per sqft.

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Mortgage on 1316, Armani Residences Burj Khalifa

Starts from the last sale price (AED 2.44M, 2 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,440,733
Deposit, UAE resident (20%)
AED 488,147
Deposit, non-resident (40%)
AED 976,293
Monthly over 25 years at 3.7%
AED 9,986

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →