Armani Residence
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Armani Residence

Buying Property in Armani Residence by Emaar

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About the project

Armani Residence is a joint project between Emaar Properties Group and the Armani fashion house. This is a dedicated block of apartments in the tallest building in the world – Burj Khalifa. It was put into operation in 2010.

Living quarters occupy from 9 to 16 floors of the tower. All apartments have panoramic windows overlooking Downtown Dubai.

The peculiarity of the project is an exclusive interior finish by Giorgio Armani. The famous couturier personally participated in the development of design. The interior uses luxury materials: Spanish stone, natural wood, Armani Casa furniture, and Miele built-in appliances.

A separate entrance to the building and a parking area for cars are provided for the residents. The whole complex area  has round-the-clock security and video surveillance.

A swimming pool, an equipped gym with a jacuzzi and sauna are available for residents.

One-bedroom apartments range in size from 91 to 117 sq. m (980-1259 sq. ft) and have a kitchen, 1-2 bathrooms, and a walk-in closet. Apartments can be purchased from AED 2,700,000 (USD 735,000).

Two-bedroom apartments range in size from 179 to 207 sq. m (1926-2228 sq. ft) and include 2-3 bathrooms, a kitchen and a spacious living room. The minimum price is AED 8,000,000 (USD 2,178,000).

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Location

Armani Residence is located in the highly populated Downtown Dubai. The building is next to Sheikh Mohammed Bin Rashid Boulevard. This street is connected to the city’s main thoroughfares, making travel to any part of Dubai fast and convenient. It takes about 15 minutes to reach the airport (DXB).

The Burj Khalifa Metro station is a 10-minute walk away.

There are several supermarkets nearby, as well as beauty salons, restaurants and stores.

Nearby is the Dubai Mall – the largest shopping center in the world. Here there is entertainment for adults and children to suit all tastes: cinemas, food courts, and well-known boutiques. As well as the Dubai Aquarium & Underwater Zoo and a theme park, Hub Zero Dubai.

Within walking distance is the Dubai Opera building.

Downtown Dubai has several medical centers: Amana Healthcare Hospital, Excellency Center, and Dubai Medical Center.

Payback

Payback on investments is 5.25%. The average cost of long-term rent for one-bedroom apartments per year is AED 240,000 (USD 68,000), and for two-bedroom apartments is AED 500,000 (USD 136,000) per year.

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