Of course, the cost of living in the Burj Khalifa District is higher than average. However, the prices are fully justified by the exclusive location, luxurious amenities and unique views from the dancing fountains to the tallest skyscraper in the world.
One of the most ambitious projects in the district is the new luxury residential complex IL Primo by Emaar, which will soon be ready for settlement. The 77-storey skyscraper is within walking distance of the Burj Khalifa and The Dubai Fountain. There are 119 residences in the building, here you can buy apartments with four-six bedrooms and spacious terraces, as well as luxury penthouses on the top levels of the tower. All residences have floor-to-ceiling panoramic windows overlooking the Burj Khalifa, Dubai Opera and dancing fountains. There is a unique service for the residents of IL Primo; residences will be equipped with a ‘smart home’ system and special audio equipment which is integrated with the fountains. Therefore, residents can enjoy the water and music show from the comfort of their own home. In addition, the project provides maximum amenities for all residents which include; children’s and adults’ swimming pools, spa, sauna, cinema, cigar lounge, gyms, golf simulator, as well as restaurants and retail stores. Prices for 4-bedroom apartments start from AED 16,295,000, USD 4,435,000. The minimum price for a penthouse with five bedrooms starts at AED 46,320,000, USD 12,600,000.
Another popular off-plan project in the Burj Khalifa District is The Address Residences Dubai Opera from the same developer. This complex is under construction and consists of two residential towers (64 and 56 floors), which are connected by a common podium that will house retail stores and entertainment areas. The project includes more than 800 apartments. Panoramic windows will also offer views of the fountains, Dubai Opera and Burj Khalifa. Among the offered facilities are a modern gym, swimming pool, children’s club and play area, as well as a concierge service. The minimum price for a one-bedroom apartment is AED 1,700,000, USD 463,000.
There is an exclusive opportunity to buy real estate in the Burj Khalifa Tower itself. Here you can buy luxury four-bedroom penthouses (6,458 sq. ft) for AED 25,000,000, USD 6,805,000. The skyscraper provides three separate entrances, one for tourists, one for Armani Hotel guests and another for property owners. Residents of the Burj Khalifa have access to a wide range of amenities: concierge service covered allocated parking spaces and The Burj Club Gym, which has a separate women’s only floor with a gym and spa. On the 43rd, 76th and 123rd levels of the tower are Sky Lobbies, these are areas with outdoor and indoor swimming pools, sunbathing terraces, spas, jacuzzis, ultramodern gyms and other.
The Burj Khalifa District is an exclusive neighborhood in the centre of Downtown Dubai. The emirate’s main landmarks and some of the most luxurious hotels and apartments in the city are concentrated in this compact area, which is about 0.1 sq. mi. The highest skyscraper in the world, the Burj Khalifa, is the geographical and thematic center of this neighbourhood. In addition to the legendary monument, the district includes another tourist magnet of Dubai – the biggest light and music fountain show in the world; The Dubai Fountains, which is situated in a scenic artificial lake. There are luxury hotels, shopping, cinemas, parks and recreation areas and premium real estate all in the vicinity of the Burj Khalifa District. You name it, this area has got it!
The district is within walking distance of other iconic attractions in Dubai: the largest shopping mall on the planet, The Dubai Mall and the opera house, The Dubai Opera. Both attract millions of tourists from all over the world all year round. Therefore real estate in the Burj Khalifa District is particularly appreciated by investors, despite the high cost, due to the exclusive location and all kinds of amenities, real estate is able to bring record profitability from the lease. The very fact of owning a residence in an iconic neighborhood speaks volumes regarding the special status and prestige of not only the owner but the building itself.
The development of the Burj Khalifa District and the entire Downtown Dubai area was undertaken by Emaar Properties. Construction of the iconic tower, around which the district was formed, began in January 2004, and the inauguration of the world’s tallest building was exactly six years later – on January 4, 2010. The investment in the skyscraper (AED 5.5 billion, USD 1.5 billion) paid off during the first year.
The Burj Khalifa District is situated almost in the center of Downtown Dubai, in close proximity to other popular areas of the emirate; the Dubai International Financial Centre (DIFC) which is the business and economic zone, Jumeirah Beach district, Business Bay and Al Quoz residential area. These destinations can all be reached from Burj Khalifa District in an average of ten to fifteen minutes by car. Wherever you are in Dubai, you can always gauge how far you are from the center based on whether you can see the Burj Khalifa in the distance.
One of the major highways, Sheikh Mohammed Bin Zayed Road (E 311)is situated just a five minutes’ drive from the district. The route provides easy access to all areas of Dubai and other emirates within the UAE.
Dubai International Airport is only fifteen minutes away and Al Maktoum International Airport, a little less than forty minutes drive.
Downtown Dubai is the tourist center of the city and has a well-developed public transportation system. The metro, bus, tram and taxi are all very quick and efficient ways to travel around the city (with air conditioning!). All forms of transport are very easily accessible to residents of the Burj Khalifa District.
The closest metro station is the Burj Khalifa/ Dubai Mall Metro Station (on the red line), which is a ten-minute walk from the neighborhood. It takes approximately the same distance to get to the Dubai Mall MS Land Side D bus stop, where you can take the F13, 30, D03 and D03A routes to travel out of the center.
The first hydrogen-powered tram in the world ‘Dubai Trolley’ runs along Mohammed Bin Rashid Boulevard, which goes around the Burj Khalifa District. The trolley transports passengers between the landmarks of Downtown Dubai and is a lifesaver if you have sore feet or small children!
As for personal vehicles, all residential complexes in the area have their own underground parking lots with reserved spaces for each residence.
If you and your family decide to buy real estate in the Burj Khalifa District you will have no problem finding good kindergartens and schools. Several prestigious educational institutions for children of all ages are located very close by. Education is taken very seriously in the region and Dubai has some of the top schools in the world for children and teenagers.
About a ten-minute drive away is the highly-rated nurseries: Blossom Downtown Nursery, Blossom Business Bay Nursery, Pinocchio Nursery, Learning Tree Nursery and Hummingbird Nursery. They all follow the British Early Years Foundation Stage (EYFS) for the toddler development program.
There is another British nursery in the nearby coastal area of Jumeirah; Jumeirah International Nurseries (JINS). JINS has a Russian Kids Club for children between eight months and seven years of age, where Russian-speakers are taught in their mother tongue. JINS is a ten-minute drive from the Burj Khalifa District.
If your children are of school age, there is also a wide choice of educational facilities to suit every budget. Dubai International School in Al Quoz District offers the California CCSS and NGSS programmes as well as the UAE curriculum. The Dubai International School is located fifteen minutes from the Burj Khalifa District. The prestigious JSS Private School (Al Wasl District, Al Safa Neighbourhood) is a ten-minute drive away and King’s School Dubai (Umm Suqeim District) is twenty-minutes by car. King’s follow the British curriculum and is the only school in the UAE that has been rated “outstanding” by The Knowledge and Human Development Authority (KHDA) for several years in a row. In 30 minutes you can reach the only Russian school in Dubai – Russian International School in Muhaisnah District,. where the education is based on Russian educational standards.
As for higher education, all universities are dotted around the city. The closest from the Burj Khalifa District is the International Horizons College (IHC) in Business Bay. This university follows the American higher education programme and offers a wide range of courses in both sciences and humanities. IHC is considered one of the best independent private higher education institutions, which have been accredited by the UAE Ministry of Higher Education & Scientific Research.
It takes twenty minutes to drive from the Burj Khalifa District to the Dubai Knowledge Park campus and half an hour to the Dubai International Academic City (DIAC). There is an overwhelming choice of universities, colleges and research centres in Dubai to cater to all specialized study subjects.
The closest medical center in the area of the Burj Khalifa District is the Mediclinic branch located in the Dubai Mall It is one of the biggest hospitals in Dubai, where patients can undergo a complete diagnosis and receive outpatient treatment from highly skilled doctors. The area of the branch is 70,000 sq. ft and has a surgical department, endoscopy and diagnostics rooms and also offers physiotherapy treatment..
Emirates Hospital is located just 10 minutes away from Business Bay. This is another well renowned medical hospital facility in the region.
There are also several pharmacies in close proximity to the Burj Khalifa District. Marina pharmacy is located near the metro station and offers a home delivery service.
There is a huge Waitrose supermarket with a bakery and a pharmacy inside the Dubai Mall, which means you can do your grocery and window shopping all under the same roof. In addition, there are several other retail outlets with groceries and household items in the mall.
For those who don’t want to go through the hustle and bustle of the mall, there are Spinneys and Al Maya supermarkets nearby, as well as small mini-markets dotted around the district.
There are no religious sites inside the area, but you can find several mosques nearby in Downtown Dubai. For instance, The Dubai Mall Mosque, Al Ghafoor Mosque and Souk Al Bahar Mosque are all less than ten minutes away.
Christians will have to travel to the nearby Oud Metha District. The closest Orthodox churches include St. Thomas Orthodox Cathedral and St. Mark & Ava Bishoy Coptic Orthodox Church. Catholics can visit St. Mary’s Catholic Church on Oud Metha Road.
The nearest beach is the famous Jumeirah Beach, located ten minutes away. It is one of the best free public beaches in Dubai with white sand, numerous amenities and amusements. Surfers and kite-flyers can go to Kite Beach which is just a little bit further down the road.
The Burj Khalifa, located in the heart of the district, is the symbol of Dubai and one of the main landmarks of the UAE.
The neo-futuristic design of the Burj Khalifa was developed by the world-renowned American architect Adrian Smith from Skidmore bureau, Owings & Merrill, in collaboration with Samsung C&T Corporation. When viewed from above, the building is shaped like the letter “Y” which is based on the image of a lily that grows in the UAE desert.
The giant landmark is called a ‘vertical city’ as the building accommodates up to 35,000 visitors, and at any one time can house at least 10,000 people. There is a huge residential part of the building, with 900 residences compromising studios, apartments and luxury penthouses, as well as 144 hotel apartments ultra-glamorous Armani Hotel takes over the lower half of the building and has 304 rooms restaurants, viewing platforms, office space, swimming pools and gyms.
The building has broken many world records:
The skyscraper has eight escalators and 57 elevators, the speed of the latter is 32 ft/s.
The skyscraper and it’s viewing platforms offer incomparable views of the emirate (especially spectacular at sunset) and are available for group and personal tours.
The cost of the tour depends on the programme and time of visit. The minimum ticket price is AED 149, USD 40. The Burj Khalifa has three observation decks:
During peak hours (4:00 p.m. – 6:30 p.m.) tickets are much more expensive. Children up to four years of age are given free access (as long as they are accompanied by an adult). In addition to viewing platforms, you can visit the luxurious Atmosphere restaurant on the 122nd floor with panoramic views of Dubai, the desert and the sea.
Burj Khalifa is also an entertainment hub. One of the most popular annual events that attracts tourists from all over the world is the New Year celebrations with a big firework, laser and light display. The annual car show in the Burj Khalifa District and the UAE National Day parades are also popular throughout the year.
At the foot of the skyscraper and within walking distance is another landmark The Dubai Fountains. This is the largest light and music fountain show in the world. Installed in a picturesque artificial lake at the back of the Burj Khalifa, you can see the fountain show for free and they are held several times a day, both day and night, every day throughout the week. Water jets are thrown upwards to a height of over 492 ft and are illuminated by 6.6 thousand lamps in sync with the music.
The green Burj Park overlooking the lake and fountains is a five-minute walk from the tallest building in the world. Pets are allowed in the park and it is suitable for jogging and cycling. You can also take a boat ride on the lake.
The famous Wings of Mexico photo area, designed by Mexican sculptor Jorge Marin is situated in close proximity to Burj Park. The art object consists of bronze wings, which symbolize flight and freedom.
Other iconic Dubai destinations, centered in Downtown Dubai within walking distance of the Burj Khalifa District include:
In addition to shopping, The Dubai Mall offers dozens of other activities. Here you can visit one of the biggest indoor aquariums in the world; Dubai Aquarium & Underwater Zoo, go-karting at Ekart Zabeel electric karting, skate on the Olympic-sized Dubai Ice Rink, play games at the virtual reality attractions, explore children’s entertainment and enrol in the educational centre at KidZania.
The Downtown Dubai area and the Burj Khalifa District are at the heart of the city and attracts a potent flow of tourists from all over the world throughout the year. The fountain show at the foot of the Burj Khalifa and The Dubai Mall are recognized as the most visited places in the emirate.
There is a steady demand among tourists to rent apartments and hotel rooms near the legendary building.
The desirability for investors capitalizing on real estate in the Burj Khalifa District is the unique location of properties. Since the area is small and its residential development is physically limited (there simply is not enough space for new projects), the capital value of such real estate will continue to grow in the long term. Accordingly, the return on investments will also increase – both by renting the property and by selling real estate.
For example, the ROI for studios located in the Burj Khalifa skyscraper itself is about 6.3%. The ROI for other projects in the area is expected to be no less. At the same time, the income from short-term rentals can be much higher.
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