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2-bed · 1,926 sqftArmani Residences Burj Khalifa, Downtown Dubai · 14th floor · completed 2010

1407, Armani Residences Burj Khalifa

Sold prices and rental history: sold twice, last in March 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 16 September 2022
Last soldAED 21.98M25 March 2013
Current rentAED 500K /yr16 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1407, Armani Residences Burj Khalifa

What is 1407 worth today?

Last sold for AED 21,976,888 in 2013

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16 Sep 2022RentedRenewal
AED 500,000/yr12 months · AED 261 per sqft
16 Sep 2021RentedRenewal
AED 500,000/yr12 months · AED 260 per sqft
16 Sep 2020RentedRenewal
AED 300,000/yr12 months · AED 156 per sqft
16 Sep 2019RentedRenewal
AED 380,000/yr12 months · AED 197 per sqft
16 Sep 2018RentedNew contract
AED 380,000/yr12 months · AED 197 per sqft
25 Mar 2013SoldReady · flagged as an outlier
AED 21,976,888AED 11,408 per sqft
2 Jul 2009Sold by developerOff-plan · flagged as an outlier
AED 21,976,888AED 11,408 per sqft

Source: Dubai Land Department. Updated 16 September 2022.

Key facts

Type
2-bed apartment
Size
1,926 sqft
Floor
14th of 16
Parking
B1-5260,B1-5261
Developer
Emaar
Completed
2010
Last sold
AED 21.98M · March 2013
Building
Armani Residences Burj Khalifa

About 1407, Armani Residences Burj Khalifa

1407 is a two-bedroom apartment of 1,926 sqft on the 14th floor of Armani Residences Burj Khalifa, a 16-storey tower in Downtown Dubai completed in 2010 by Emaar. It last sold on 25 March 2013 for AED 21,976,888, or AED 11,408 per sqft, 110% above the AED 5,437 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 16 September 2022, is AED 500,000 a year: a gross yield of 2.3% on the 2013 price.

Sales and rents for 1407 over time

Sales
Unit 1407, each saleTypical two-bed in Armani Residences Burj Khalifa
10M15M2011201520192023Typical sale price by year: 2011 AED 16,000,000; 2012 AED 10,770,888; 2013 AED 10,992,888; 2014 AED 10,723,388; 2015 AED 9,990,235; 2016 AED 10,565,944; 2021 AED 6,970,624; 2022 AED 7,900,000; 2023 AED 8,250,000; 2024 AED 10,375,000; 2025 AED 7,650,000

No registered sale of 1407; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1407, each contractTypical two-bed in Armani Residences Burj Khalifa
400K600K20152018202120242027Typical rent by year: 2015 AED 580,000; 2016 AED 490,000; 2017 AED 375,000; 2018 AED 370,000; 2019 AED 342,000; 2020 AED 300,000; 2021 AED 350,000; 2022 AED 500,000; 2023 AED 475,000; 2024 AED 500,000; 2025 AED 445,571; 2026 AED 450,000New contract, September 2018: AED 380,000 a yearRenewal, September 2019: AED 380,000 a yearRenewal, September 2020: AED 300,000 a yearRenewal, September 2021: AED 500,000 a yearRenewal, September 2022: AED 500,000 a year

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

2-beds in Armani Residences Burj Khalifa, and where 1407 sits

All 48 2-beds →

1407 last sold in March 2013 at AED 11,408 per sqft, 110% above what two-beds in Armani Residences Burj Khalifa were fetching at the time (AED 5,437). Over the last 12 months two-beds sold for AED 7,300,000 to 10,300,000, around AED 4,277 per sqft, and rent for AED 300,000 to 750,000 a year. 1407's AED 500,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20269,300,000
30 Jan 202610,300,000
26 Nov 20257,300,000
19 Sep 20259,500,000
3 2-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 14th floor

All 144 units in Armani Residences Burj Khalifa
Value
14011-bedAED 9.39M · Mar 2013
14021-bedAED 4.9M · Sep 2014
14031-bedAED 4.65M · Jan 2023
14042-bedAED 9M · Jan 2024
14051-bedAED 3.8M · Jun 2024
14062-bedAED 21.98M · Mar 2013
14081-bedAED 7.01M · Jun 2013
1–7 of 17

1407, Armani Residences Burj Khalifa in numbers

  • Sold twice: first on 2 July 2009 for AED 21,976,888, last on 25 March 2013 for AED 21,976,888 (AED 11,408 per sqft).
  • Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 380,000 to AED 300,000 in 2020 and recovered to AED 500,000 by September 2022.
  • At AED 500,000 a year the gross yield on the 2013 price is 2.3%.
  • Two-beds in Armani Residences Burj Khalifa sold for AED 7,300,000–10,300,000 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 16 September 2022.

Questions about 1407, Armani Residences Burj Khalifa

What did unit 1407 last sell for?

AED 21,976,888 on 25 March 2013: AED 11,408 per sqft for 1,926 sqft. The unit has 2 registered sales; the first was AED 21,976,888 in July 2009.

What is the rent for unit 1407?

AED 500,000 a year on the contract renewed on 16 September 2022. The previous contract, from September 2021, was AED 500,000; the unit has been rented since September 2018.

How big is unit 1407?

1,926 sqft (178.9 sqm): a two-bedroom apartment on the 14th floor of a 16-storey tower completed in 2010.

What is unit 1407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Armani Residences Burj Khalifa sold for AED 7,300,000 to 10,300,000 in the last 12 months, around AED 4,277 per sqft.

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Mortgage on 1407, Armani Residences Burj Khalifa

Starts from the last sale price (AED 21.98M, 25 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 21,976,888
Deposit, UAE resident (20%)
AED 4,395,378
Deposit, non-resident (40%)
AED 8,790,755
Monthly over 25 years at 3.7%
AED 89,914

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