2-bed · 1,926 sqftArmani Residences Burj Khalifa, Downtown Dubai · 15th floor · completed 2010

1512, Armani Residences Burj Khalifa

Sold prices and rental history: sold once, by the developer in March 2019, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1512 · DLD and Ejari recordsUpdated 20 September 2022
Last soldAED 6.86M18 March 2019
Current rentAED 400K /yr20 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1512, Armani Residences Burj Khalifa

What is 1512 worth today?

Last sold for AED 6,862,805 in 2019

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20 Sep 2022RentedNew contract
AED 400,000/yr12 months · AED 208 per sqft
18 Mar 2019Sold by developerReady
AED 6,862,805AED 3,562 per sqft

Source: Dubai Land Department. Updated 20 September 2022.

Key facts

Type
2-bed apartment
Size
1,926 sqft
Floor
15th of 16
Parking
B1-5256,B1-5257
Developer
Emaar
Completed
2010
Last sold
AED 6.86M · March 2019

About 1512, Armani Residences Burj Khalifa

1512 is a two-bedroom apartment of 1,926 sqft on the 15th floor of Armani Residences Burj Khalifa, a 16-storey tower in Downtown Dubai completed in 2010 by Emaar. The developer sold it on 18 March 2019 for AED 6,862,805, or AED 3,562 per sqft, in line with the AED 3,633 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 September 2022. The current contract, signed on 20 September 2022, is AED 400,000 a year: a gross yield of 5.8% on the 2019 price.

Sales and rents for 1512 over time

Sales
Unit 1512, 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 7,650,000Sold by developer, March 2019: AED 6,862,805 (AED 3,562 per sqft)

1512 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1512, 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 2022: AED 400,000 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 1512 sits

All 48 2-beds →

1512 last sold in March 2019 at AED 3,562 per sqft, in line with what two-beds in Armani Residences Burj Khalifa were fetching at the time (AED 3,633). 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. 1512's AED 400,000 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 →
Value
15011-bedAED 1.73M · Dec 2019
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
1–7 of 17

1512, Armani Residences Burj Khalifa in numbers

  • Sold once: by Emaar on 18 March 2019 for AED 6,862,805, or AED 3,562 per sqft.
  • Rented since September 2022 on one Ejari contract, at AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2019 price is 5.8%.
  • 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 20 September 2022.

Questions about 1512, Armani Residences Burj Khalifa

What did unit 1512 last sell for?

AED 6,862,805 on 18 March 2019, sold by the developer: AED 3,562 per sqft for 1,926 sqft. It is the only registered sale of the unit.

What is the rent for unit 1512?

AED 400,000 a year on the contract signed on 20 September 2022.

How big is unit 1512?

1,926 sqft (178.9 sqm): a two-bedroom apartment on the 15th floor of a 16-storey tower completed in 2010.

What is unit 1512 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 1512, Armani Residences Burj Khalifa

Starts from the last sale price (AED 6.86M, 18 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 6,862,805
Deposit, UAE resident (20%)
AED 1,372,561
Deposit, non-resident (40%)
AED 2,745,122
Monthly over 25 years at 3.7%
AED 28,078

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