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1-bed · 1,011 sqftArmani Residences Burj Khalifa, Downtown Dubai · 15th floor · completed 2010

1502, Armani Residences Burj Khalifa

Sold prices and rental history: sold 3 times, last in December 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 25 August 2022
Last soldAED 2.65M7 December 2021
Current rentAED 130K /yr25 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Armani Residences Burj Khalifa

What is 1502 worth today?

Last sold for AED 2,650,000 in 2021

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25 Aug 2022RentedNew contract
AED 130,000/yr12 months · AED 128 per sqft
7 Dec 2021SoldReady
AED 2,650,000AED 2,620 per sqft
7 Aug 2021RentedNew contract
AED 175,000/yr12 months · AED 173 per sqft
1 Dec 2019RentedNew contract
AED 130,000/yr12 months · AED 128 per sqft
12 Jan 2018RentedNew contract
AED 147,692/yr13 months · AED 146 per sqft
1 Dec 2016RentedNew contract
AED 50,000/yr12 months · AED 49 per sqft
24 Mar 2013SoldReady
AED 5,079,444AED 5,022 per sqft
3 Aug 2009Sold by developerOff-plan
AED 5,079,444AED 5,022 per sqft

Source: Dubai Land Department. Updated 25 August 2022.

Key facts

Type
1-bed apartment
Size
1,011 sqft
Floor
15th of 16
Parking
B2-8227
Developer
Emaar
Completed
2010
Last sold
AED 2.65M · December 2021
Building
Armani Residences Burj Khalifa

About 1502, Armani Residences Burj Khalifa

1502 is a one-bedroom apartment of 1,011 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 7 December 2021 for AED 2,650,000, or AED 2,620 per sqft, 8% above the AED 2,415 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 25 August 2022, is AED 130,000 a year: a gross yield of 4.9% on the 2021 price.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical one-bed in Armani Residences Burj Khalifa
2.5M5M7.5M2009201420192024Typical 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, August 2009: AED 5,079,444 (AED 5,022 per sqft)Sold, March 2013: AED 5,079,444 (AED 5,022 per sqft)Sold, December 2021: AED 2,650,000 (AED 2,620 per sqft)

1502 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1502, each contractTypical one-bed in Armani Residences Burj Khalifa
100K200K20152018202120242027Typical 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 2016: AED 50,000 a yearNew contract, January 2018: AED 147,692 a yearNew contract, December 2019: AED 130,000 a yearNew contract, August 2021: AED 175,000 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 1502 sits

All 96 1-beds →

1502 last sold in December 2021 at AED 2,620 per sqft, 8% above what one-beds in Armani Residences Burj Khalifa were fetching at the time (AED 2,415). 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. 1502'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 15th floor

All 144 units in Armani Residences Burj Khalifa
Value
15011-bedAED 1.73M · Dec 2019
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

1502, Armani Residences Burj Khalifa in numbers

  • Sold 3 times: first on 3 August 2009 for AED 5,079,444, last on 7 December 2021 for AED 2,650,000 (AED 2,620 per sqft).
  • Rented since December 2016 on 5 Ejari contracts, from AED 50,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 4.9%.
  • 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 25 August 2022.

Questions about 1502, Armani Residences Burj Khalifa

What did unit 1502 last sell for?

AED 2,650,000 on 7 December 2021: AED 2,620 per sqft for 1,011 sqft. The unit has 3 registered sales; the first was AED 5,079,444 in August 2009.

What is the rent for unit 1502?

AED 130,000 a year on the contract signed on 25 August 2022. The previous contract, from August 2021, was AED 175,000; the unit has been rented since December 2016.

How big is unit 1502?

1,011 sqft (93.9 sqm): a one-bedroom apartment on the 15th floor of a 16-storey tower completed in 2010.

What is unit 1502 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 1502, Armani Residences Burj Khalifa

Starts from the last sale price (AED 2.65M, 7 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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