Real estate prices in Burj Khalifa have increased by 23%, as demand for luxury real estate in Dubai is still high

According to Knight Frank, real estate prices in Burj Khalifa increased by 23% to 2,100 dirhams per square meter, as demand for luxury real estate remains high.

Over the past 12 months, prices in the center of Dubai have increased by an average of more than 17%. The volume of housing sales in Burj Khalifa in 2021 amounted to 317 million dirhams.

Properties with a view of the Burj Khalifa is also more expensive than almost any other property. A striking example was the record sale of a villa in Palm Jumeirah for 121 million dirhams in 2021. This price was partly achieved due to the excellent location, which allowed the buyer to admire the view of Burj Khalifa.

The study conducted by the real estate consulting company ValuStrat Price Index showed that prices for villas and apartments in prestigious areas of the emirate, such as Palm Jumeirah, Arabian Ranches, Jumeirah Beach Residences, The Lakes and Emirates Hills, have almost doubled compared to November.

While another study by Zoom Property Insights says that there is a great demand for real estate in the elite areas of Dubai due to their strategic location, modern infrastructure and affordable prices.