Burj Khalifa rents fall 40% due to lack of tenants
Complex Made Simple

Burj Khalifa rents fall 40% due to lack of tenants

Burj Khalifa rents fall 40% due to lack of tenants

Rental prices for apartments in Dubai's Burj Khalifa, the world's tallest tower, have fallen by much as 40% due to low occupancy in the building, Bloomberg has reported. Nine months after the tower was inaugurated about 825 of the tower's 900 apartments remain unoccupied, Laura Adams, a residential sales and leasing adviser at Better Homes, told the news service. The cost of renting a studio with floor-to-ceiling windows, marble and wooden floors has dropped to Dhs6,666 ($1,815) a month, while a one-bedroom apartment is available for Dhs10,000, Better Homes said. Two-bedroom homes are going for 15,833 dirhams.

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