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

1607, Armani Residences Burj Khalifa

Sold prices and rental history: sold 5 times, last in August 2022, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1607 · DLD and Ejari recordsUpdated 16 December 2022
Last soldAED 4.3M12 August 2022
Current rentAED 100K /yr16 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1607, Armani Residences Burj Khalifa

What is 1607 worth today?

Last sold for AED 4,300,000 in 2022

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16 Dec 2022RentedNew contract
AED 100,000/yr24 months · AED 52 per sqft
12 Aug 2022SoldReady
AED 4,300,000AED 2,232 per sqft
5 Sep 2018SoldReady
AED 7,000,000AED 3,633 per sqft
16 Apr 2018SoldReady
AED 7,500,000AED 3,893 per sqft
4 Dec 2016SoldReady
AED 10,500,000AED 5,450 per sqft
1 Mar 2016RentedNew contract
AED 490,000/yr12 months · AED 254 per sqft
12 Dec 2013Sold by developerReady
AED 10,992,888AED 5,706 per sqft

Source: Dubai Land Department. Updated 16 December 2022.

Key facts

Type
2-bed apartment
Size
1,926 sqft
Floor
16th of 16
Parking
B1-5248,B1-5249
Developer
Emaar
Completed
2010
Last sold
AED 4.3M · August 2022
Building
Armani Residences Burj Khalifa

About 1607, Armani Residences Burj Khalifa

1607 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. It last sold on 12 August 2022 for AED 4,300,000, or AED 2,232 per sqft, 36% below the AED 3,501 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 16 December 2022, is AED 100,000 a year: a gross yield of 2.3% on the 2022 price.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical two-bed in Armani Residences Burj Khalifa
10M2011201520192023Typical 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, December 2013: AED 10,992,888 (AED 5,706 per sqft)Sold, December 2016: AED 10,500,000 (AED 5,450 per sqft)Sold, April 2018: AED 7,500,000 (AED 3,893 per sqft)Sold, September 2018: AED 7,000,000 (AED 3,633 per sqft)Sold, August 2022: AED 4,300,000 (AED 2,232 per sqft)

1607 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1607, each contractTypical two-bed in Armani Residences Burj Khalifa
250K500K20152018202120242027Typical 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, March 2016: AED 490,000 a yearNew contract, December 2022: AED 100,000 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 1607 sits

All 48 2-beds →

1607 last sold in August 2022 at AED 2,232 per sqft, 36% below what two-beds in Armani Residences Burj Khalifa were fetching at the time (AED 3,501). 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. 1607's AED 100,000 is at the bottom 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 →

Other units on the 16th floor

All 144 units in Armani Residences Burj Khalifa
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
16062-bedAED 10.99M · Jun 2014
16081-bedAED 7.44M · Jan 2014
1–7 of 17

1607, Armani Residences Burj Khalifa in numbers

  • Sold 5 times: first on 12 December 2013 for AED 10,992,888, last on 12 August 2022 for AED 4,300,000 (AED 2,232 per sqft).
  • Rented since March 2016 on 2 Ejari contracts, from AED 490,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 2.3%.
  • 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 16 December 2022.

Questions about 1607, Armani Residences Burj Khalifa

What did unit 1607 last sell for?

AED 4,300,000 on 12 August 2022: AED 2,232 per sqft for 1,926 sqft. The unit has 5 registered sales; the first was AED 10,992,888 in December 2013.

What is the rent for unit 1607?

AED 100,000 a year on the contract signed on 16 December 2022. The previous contract, from March 2016, was AED 490,000.

How big is unit 1607?

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 1607 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 1607, Armani Residences Burj Khalifa

Starts from the last sale price (AED 4.3M, 12 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

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