The iconic Burj Khalifa, a global symbol of luxury and architectural brilliance, marked its 15th anniversary in 2024 with AED 467.1 million in home sales, as revealed by Knight Frank. Despite a 27% reduction in available units, sales dipped only 5.7% compared to 2023’s AED 495.2 million, underscoring the tower’s enduring allure among high-net-worth individuals.

Residential prices in the Burj Khalifa averaged AED 3,000 per square foot by the end of 2024—78.5% higher than Dubai’s city-wide average of AED 1,680 psf. Notable transactions included a 2-bedroom unit sold for AED 9.7 million and a branded 5-bedroom residence fetched AED 44 million at AED 4,987 per square foot. Knight Frank reported 98 non-branded homes and 18 branded residences sold in 2024, reinforcing the tower’s position in the ultra-luxury segment. Since its inauguration in 2010, the Burj Khalifa has generated AED 8.8 billion in home sales—43% more than Atlantis The Royal, its closest competitor. Every 200th dirham spent on Dubai homes over the last 15 years has gone towards owning a piece of the world’s tallest building.

Faisal Durrani, Head of Research at Knight Frank, highlighted the Burj Khalifa as a reflection of Dubai’s ambition and success. At the same time, Petri Mannila, Head of Prime Residential, noted the city’s growing appeal among global elites. In Downtown Dubai, the city’s most expensive sale in 2024 was a Kempinski-branded penthouse with Burj Khalifa views, sold for AED 80 million.

As Dubai’s real estate market thrives, the Burj Khalifa remains a timeless beacon of luxury, innovation, and global prestige, cementing the city’s reputation as a premier destination for the world’s elite.