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1-bed · 1,044 sqftArmani Residences Burj Khalifa, Downtown Dubai · 15th floor · completed 2010

1518, Armani Residences Burj Khalifa

Sold prices and rental history: sold once, by the developer in March 2010, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1518 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 10.18M2 March 2010
Current rentAED 165K /yr29 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1518, Armani Residences Burj Khalifa

What is 1518 worth today?

Last sold for AED 10,175,888 in 2010

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29 Aug 2024RentedRenewal
AED 165,000/yr12 months · AED 158 per sqft
29 Jul 2023RentedRenewal
AED 152,308/yr13 months · AED 146 per sqft
29 Jul 2022RentedNew contract
AED 165,000/yr12 months · AED 158 per sqft
9 Jan 2021RentedNew contract
AED 120,000/yr12 months · AED 115 per sqft
8 May 2019RentedRenewal
AED 150,000/yr12 months · AED 144 per sqft
8 Feb 2019RentedRenewal
AED 180,000/yr3 months · AED 172 per sqft
8 Feb 2018RentedNew contract
AED 150,000/yr12 months · AED 144 per sqft
25 Nov 2016RentedNew contract
AED 190,000/yr12 months · AED 182 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
1-bed apartment
Size
1,044 sqft
Floor
15th of 16
Parking
B1-5050
Developer
Emaar
Completed
2010
Last sold
AED 10.18M · March 2010
Building
Armani Residences Burj Khalifa

About 1518, Armani Residences Burj Khalifa

1518 is a one-bedroom apartment of 1,044 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 2 March 2010 for AED 10,175,888, or AED 9,744 per sqft, 94% above the AED 5,022 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 29 August 2024, is AED 165,000 a year: a gross yield of 1.6% on the 2010 price.

Sales and rents for 1518 over time

Sales
Unit 1518, 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 3,000,000

No registered sale of 1518; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1518, 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, November 2016: AED 190,000 a yearNew contract, February 2018: AED 150,000 a yearRenewal, February 2019: AED 180,000 a yearRenewal, May 2019: AED 150,000 a yearNew contract, January 2021: AED 120,000 a yearNew contract, July 2022: AED 165,000 a yearRenewal, July 2023: AED 152,308 a yearRenewal, August 2024: AED 165,000 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 1518 sits

All 96 1-beds →

1518 last sold in March 2010 at AED 9,744 per sqft, 94% above what one-beds in Armani Residences Burj Khalifa were fetching at the time (AED 5,022). 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. 1518's AED 165,000 is in the lower 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
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

1518, Armani Residences Burj Khalifa in numbers

  • Sold once: by Emaar on 2 March 2010 for AED 10,175,888, or AED 9,744 per sqft.
  • Rented since November 2016 on 8 Ejari contracts. The rent fell from AED 190,000 to AED 120,000 in 2021 and recovered to AED 165,000 by August 2024.
  • At AED 165,000 a year the gross yield on the 2010 price is 1.6%.
  • 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 August 2024.

Questions about 1518, Armani Residences Burj Khalifa

What did unit 1518 last sell for?

AED 10,175,888 on 2 March 2010, sold by the developer: AED 9,744 per sqft for 1,044 sqft. It is the only registered sale of the unit.

What is the rent for unit 1518?

AED 165,000 a year on the contract renewed on 29 August 2024. The previous contract, from July 2023, was AED 152,308; the unit has been rented since November 2016.

How big is unit 1518?

1,044 sqft (97.0 sqm): a one-bedroom apartment on the 15th floor of a 16-storey tower completed in 2010.

What is unit 1518 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 1518, Armani Residences Burj Khalifa

Starts from the last sale price (AED 10.18M, 2 March 2010). Switch to today's estimate once you have unlocked it.
Price
AED 10,175,888
Deposit, UAE resident (20%)
AED 2,035,178
Deposit, non-resident (40%)
AED 4,070,355
Monthly over 25 years at 3.7%
AED 41,633

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