Burj Khalifa enjoys 16% increase in residential sales ...United Arab Emirates

As Dubai’s Burj Khalifa celebrated turning 13, its residential units were said to be enjoying a 16% increase in sales. Property specialist Knight Frank said 94 apartments were sold in the tower in 2022, valued at US $130mn, accounting for 3% of all home sales in Dubai’s Downtown district. The most expensive sold for $1,089 per sqft, which is said to be well above Dubai’s average of $899 per sqft for prime properties in 2022. Premium neighbourhoods like Downtown have seen the strongest price growth, Knight Frank said, with Downtown seeing a 16.7% increase, Palm Jumeirah 17.3% and Dubai Hills 19% in 2022. In August 2022, Emaar bought out Dubai Holding’s stake in Dubai Creek Harbour for $2.04bn

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