Burj Khalifa, the tallest building in the world, has opened its door to residential tenants, in what will be a test of the Dubai rental markets.
A number of real estate agents are now advertising rentals in the 828 metre high building, with the smaller, lower properties being offered at around Dh180,000. Sea view apartments are expected to secure anything up to Dh300,000.
And for anyone hoping to bargain for a cheaper rent – be prepared for tough negotiations. Burj Khalifa landlords are tied into hefty annual services charges that come to around Dh52.77 for every square foot.
Emaar has made sixty residential units available to rent but they are being released onto the market on a piecemeal basis.Andrew Reid, Staff Writer, Gulf Jobs Market News