Rents at Burj Khalifa start at $38,000 a year
June 09, 2010 - Dubai
Studio flats can be rented for 140,000 dirhams ($38,000) a year at Burj Khalifa, the world's tallest building inaugurated in Dubai earlier this year, UAE daily Gulf News reported on Tuesday.
Prices range between 180,000 to 260,000 dirhams for one-bed flats and start from 300,000 dirhams for two-bed apartments, the newspaper reported, citing real estate agents and rental ads.
A luxury studio flat in Manhattan can cost about $48,000 a year. In contrast, a studio apartment in Dubai's International City can be rented for about $7,000 a year.
Units on lower floors with fountain view are being offered for less than those with a sea view on middle and higher floors.
"The asking prices are a first test of how the market responds," Elysian Real Estate property agent Joe Le Beau told Gulf News.
"We are still in the early steps, and this is a very exclusive piece of real estate."
He said there were "quite a few calls" from interested tenants after Elysian placed its ad on Monday.
A total of 60 units in the tower are available for tenants. However, the handover process by Emaar will go step by step.
Read the rest of the story @ gulfnews.com
blog, apartment, Estate of the Day, Emaar Properties, superyacht, Burj Khalifa