“The Burj Dubai will be known by many names. But only a privileged group of people will call it home.”
With the latest price drop in sale properties in Dubai at the Burj Dubai development, how many more can claim to a home in this luxury tower? According to the latest figures, residential Dubai real estate investments at the Burj Dubai have reduced by 50 percent.
For the developers and sellers, this plunge makes for a rather uncomfortable situation. Compare it to the earlier soar in prices (88 percent by September) and this reaction is certainly understandable.
For buyers looking for a Dubai real estate property they could not afford before, these rates come as a seize-worthy opportunity. The Burj Dubai tower is one-of-a-kind, with engineering and design feats executed in a style that has effectively stunned developers and constructions firms worldwide.
While its status as the tallest tower in the world is short-lived, it remains one of the most delectable options for investors to buy property in Dubai. The floor designed by the fashion label Armani was one of the more costlier units and went for Dh14,000 per sq ft .
On the other hand, apartments at the Burj Dubai are priced at anything from AED 7,894,498 for a 968 Sq. Ft unit to AED 15,554,458 for a 1,254 Sq. Ft sale unit.
To check out the options you have as a U.A.E. property market investor for a space in the Burj Dubai, make sure you trust Dubai real estate consultants who understand the current market scene well. Try MEREC Dubai for a better deal.
Image Courtesy: Flickr
Posts
No comments:
Post a Comment