1-bed · 1,185 sqftArmani Residences Burj Khalifa, Downtown Dubai · 14th floor · completed 2010

1416, Armani Residences Burj Khalifa

Sold prices and rental history: sold once, by the developer in October 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1416 · DLD and Ejari recordsUpdated 29 December 2024
Last soldAED 6.12M29 October 2014
Current rentAED 235K /yr29 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1416, Armani Residences Burj Khalifa

What is 1416 worth today?

Last sold for AED 6,115,888 in 2014

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29 Dec 2024RentedRenewal
AED 235,000/yr12 months · AED 198 per sqft
29 Dec 2024RentedRenewal
AED 235,000/yr12 months · AED 198 per sqft
29 Dec 2022RentedNew contract
AED 230,000/yr12 months · AED 194 per sqft
1 Nov 2021RentedRenewal
AED 140,000/yr12 months · AED 118 per sqft
1 Nov 2020RentedRenewal
AED 133,000/yr12 months · AED 112 per sqft
1 Nov 2019RentedNew contract
AED 160,000/yr12 months · AED 135 per sqft
28 Dec 2015RentedNew contract
AED 250,000/yr12 months · AED 211 per sqft
29 Oct 2014Sold by developerReady
AED 6,115,888AED 5,162 per sqft

Source: Dubai Land Department. Updated 29 December 2024.

Key facts

Type
1-bed apartment
Size
1,185 sqft
Floor
14th of 16
Parking
B1-5185
Developer
Emaar
Completed
2010
Last sold
AED 6.12M · October 2014

About 1416, Armani Residences Burj Khalifa

1416 is a one-bedroom apartment of 1,185 sqft on the 14th floor of Armani Residences Burj Khalifa, a 16-storey tower in Downtown Dubai completed in 2010 by Emaar. The developer sold it on 29 October 2014 for AED 6,115,888, or AED 5,162 per sqft, in line with the AED 5,192 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 29 December 2024, is AED 235,000 a year: a gross yield of 3.8% on the 2014 price.

Sales and rents for 1416 over time

Sales
Unit 1416, 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 by developer, October 2014: AED 6,115,888 (AED 5,162 per sqft)

1416 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1416, each contractTypical one-bed in Armani Residences Burj Khalifa
200K20152018202120242027Typical 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, December 2015: AED 250,000 a yearNew contract, November 2019: AED 160,000 a yearRenewal, November 2020: AED 133,000 a yearRenewal, November 2021: AED 140,000 a yearNew contract, December 2022: AED 230,000 a yearRenewal, December 2024: AED 235,000 a yearRenewal, December 2024: AED 235,000 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 1416 sits

All 96 1-beds →

1416 last sold in October 2014 at AED 5,162 per sqft, in line with what one-beds in Armani Residences Burj Khalifa were fetching at the time (AED 5,192). 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. 1416's AED 235,000 is in the upper half 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 →
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
14072-bedAED 21.98M · Mar 2013
1–7 of 17

1416, Armani Residences Burj Khalifa in numbers

  • Sold once: by Emaar on 29 October 2014 for AED 6,115,888, or AED 5,162 per sqft.
  • Rented since December 2015 on 7 Ejari contracts. The rent fell from AED 250,000 to AED 133,000 in 2020 and recovered to AED 235,000 by December 2024.
  • At AED 235,000 a year the gross yield on the 2014 price is 3.8%.
  • 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 29 December 2024.

Questions about 1416, Armani Residences Burj Khalifa

What did unit 1416 last sell for?

AED 6,115,888 on 29 October 2014, sold by the developer: AED 5,162 per sqft for 1,185 sqft. It is the only registered sale of the unit.

What is the rent for unit 1416?

AED 235,000 a year on the contract renewed on 29 December 2024. The previous contract, from December 2024, was AED 235,000; the unit has been rented since December 2015.

How big is unit 1416?

1,185 sqft (110.1 sqm): a one-bedroom apartment on the 14th floor of a 16-storey tower completed in 2010.

What is unit 1416 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 1416, Armani Residences Burj Khalifa

Starts from the last sale price (AED 6.12M, 29 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 6,115,888
Deposit, UAE resident (20%)
AED 1,223,178
Deposit, non-resident (40%)
AED 2,446,355
Monthly over 25 years at 3.7%
AED 25,022

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