2-bed · 1,926 sqftArmani Residences Burj Khalifa, Downtown Dubai · 16th floor · completed 2010

1606, Armani Residences Burj Khalifa

Sold prices and rental history: sold once, by the developer in June 2014, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 27 July 2022
Last soldAED 10.99M30 June 2014
Current rentAED 675K /yr27 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Armani Residences Burj Khalifa

What is 1606 worth today?

Last sold for AED 10,992,888 in 2014

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27 Jul 2022RentedNew contract
AED 675,000/yr12 months · AED 350 per sqft
18 Sep 2018RentedNew contract
AED 475,000/yr12 months · AED 247 per sqft
30 Jun 2014Sold by developerReady
AED 10,992,888AED 5,706 per sqft

Source: Dubai Land Department. Updated 27 July 2022.

Key facts

Type
2-bed apartment
Size
1,926 sqft
Floor
16th of 16
Parking
B2-8273,B2-8272
Developer
Emaar
Completed
2010
Last sold
AED 10.99M · June 2014

About 1606, Armani Residences Burj Khalifa

1606 is a two-bedroom apartment of 1,926 sqft on the 16th floor of Armani Residences Burj Khalifa, a 16-storey tower in Downtown Dubai completed in 2010 by Emaar. The developer sold it on 30 June 2014 for AED 10,992,888, or AED 5,706 per sqft, 4% above the AED 5,475 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 27 July 2022, is AED 675,000 a year: a gross yield of 6.1% on the 2014 price.

Sales and rents for 1606 over time

Sales
Unit 1606, 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, June 2014: AED 10,992,888 (AED 5,706 per sqft)

1606 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1606, 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 2018: AED 475,000 a yearNew contract, July 2022: AED 675,000 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 1606 sits

All 48 2-beds →

1606 last sold in June 2014 at AED 5,706 per sqft, 4% above what two-beds in Armani Residences Burj Khalifa were fetching at the time (AED 5,475). 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. 1606's AED 675,000 is in the upper 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
16011-bedAED 1.75M · Jan 2020
16021-bedAED 3.1M · Nov 2025
16031-bedAED 2.5M · Jun 2021
16042-bedAED 12.12M · May 2014
16051-bedAED 7.3M · Jun 2014
16072-bedAED 4.3M · Aug 2022
16081-bedAED 7.44M · Jan 2014
1–7 of 17

1606, Armani Residences Burj Khalifa in numbers

  • Sold once: by Emaar on 30 June 2014 for AED 10,992,888, or AED 5,706 per sqft.
  • Rented since September 2018 on 2 Ejari contracts, from AED 475,000 to AED 675,000 a year.
  • At AED 675,000 a year the gross yield on the 2014 price is 6.1%.
  • 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 27 July 2022.

Questions about 1606, Armani Residences Burj Khalifa

What did unit 1606 last sell for?

AED 10,992,888 on 30 June 2014, sold by the developer: AED 5,706 per sqft for 1,926 sqft. It is the only registered sale of the unit.

What is the rent for unit 1606?

AED 675,000 a year on the contract signed on 27 July 2022. The previous contract, from September 2018, was AED 475,000.

How big is unit 1606?

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

What is unit 1606 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 1606, Armani Residences Burj Khalifa

Starts from the last sale price (AED 10.99M, 30 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 10,992,888
Deposit, UAE resident (20%)
AED 2,198,578
Deposit, non-resident (40%)
AED 4,397,155
Monthly over 25 years at 3.7%
AED 44,975

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