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1-bed · 1,049 sqftArmani Residences Burj Khalifa, Downtown Dubai · 15th floor · completed 2010

1501, Armani Residences Burj Khalifa

Sold prices and rental history: sold 3 times, last in December 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 18 January 2024
Last soldAED 1.73M12 December 2019
Current rentAED 230K /yr18 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Armani Residences Burj Khalifa

What is 1501 worth today?

Last sold for AED 1,730,000 in 2019

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18 Jan 2024RentedNew contract
AED 230,000/yr12 months · AED 220 per sqft
25 Sep 2023RentedNew contract
AED 225,000/yr12 months · AED 215 per sqft
26 Oct 2022RentedNew contract
AED 230,000/yr12 months · AED 220 per sqft
1 Sep 2021RentedNew contract
AED 170,000/yr12 months · AED 163 per sqft
12 Dec 2019SoldReady
AED 1,730,000AED 1,648 per sqft
31 Jan 2013Sold by developerReady · flagged as an outlier
AED 10,175,888AED 9,699 per sqft
31 Jan 2013SoldReady · flagged as an outlier
AED 10,175,888AED 9,699 per sqft

Source: Dubai Land Department. Updated 18 January 2024.

Key facts

Type
1-bed apartment
Size
1,049 sqft
Floor
15th of 16
Parking
B1-5051
Developer
Emaar
Completed
2010
Last sold
AED 1.73M · December 2019
Building
Armani Residences Burj Khalifa

About 1501, Armani Residences Burj Khalifa

1501 is a one-bedroom apartment of 1,049 sqft on the 15th floor of Armani Residences Burj Khalifa, a 16-storey tower in Downtown Dubai completed in 2010 by Emaar. It last sold on 12 December 2019 for AED 1,730,000, or AED 1,648 per sqft, 34% below the AED 2,481 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 18 January 2024, is AED 230,000 a year: a gross yield of 13.3% on the 2019 price.

Sales and rents for 1501 over time

Sales
Unit 1501, 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, December 2019: AED 1,730,000 (AED 1,648 per sqft)

1501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1501, 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, September 2021: AED 170,000 a yearNew contract, October 2022: AED 230,000 a yearNew contract, September 2023: AED 225,000 a yearNew contract, January 2024: AED 230,000 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 1501 sits

All 96 1-beds →

1501 last sold in December 2019 at AED 1,648 per sqft, 34% below what one-beds in Armani Residences Burj Khalifa were fetching at the time (AED 2,481). 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. 1501's AED 230,000 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 →

Other units on the 15th floor

All 144 units in Armani Residences Burj Khalifa
Value
15021-bedAED 2.65M · Dec 2021
15031-bedAED 4.67M · Jan 2023
15042-bedAED 11.75M · Dec 2013
15051-bedAED 3.78M · Apr 2022
15062-bedAED 10.92M · Apr 2013
15072-bedAED 10M · Mar 2023
15081-bedAED 7.05M · Oct 2013
1–7 of 17

1501, Armani Residences Burj Khalifa in numbers

  • Sold 3 times: first on 31 January 2013 for AED 10,175,888, last on 12 December 2019 for AED 1,730,000 (AED 1,648 per sqft).
  • Rented since September 2021 on 4 Ejari contracts, from AED 170,000 to AED 230,000 a year.
  • At AED 230,000 a year the gross yield on the 2019 price is 13.3%.
  • 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 18 January 2024.

Questions about 1501, Armani Residences Burj Khalifa

What did unit 1501 last sell for?

AED 1,730,000 on 12 December 2019: AED 1,648 per sqft for 1,049 sqft. The unit has 3 registered sales; the first was AED 10,175,888 in January 2013.

What is the rent for unit 1501?

AED 230,000 a year on the contract signed on 18 January 2024. The previous contract, from September 2023, was AED 225,000; the unit has been rented since September 2021.

How big is unit 1501?

1,049 sqft (97.5 sqm): a one-bedroom apartment on the 15th floor of a 16-storey tower completed in 2010.

What is unit 1501 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 1501, Armani Residences Burj Khalifa

Starts from the last sale price (AED 1.73M, 12 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,730,000
Deposit, UAE resident (20%)
AED 346,000
Deposit, non-resident (40%)
AED 692,000
Monthly over 25 years at 3.7%
AED 7,078

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