The Burj Khalifa District is an exclusive neighbourhood in the centre of Downtown Dubai. This compact area, approximately 0.1 sq. mi., includes some of the emirate’s most popular landmarks, as well as many luxurious hotels and apartment complexes. The district features Burj Khalifa, the tallest skyscraper in the world, which is the geographical and thematic centre of the neighbourhood. It also features the Dubai Fountains, the biggest light and music fountain show in the world, which is situated on a scenic artificial lake. Residents can take advantage of nearby attractions, such as shopping centres, cinemas, parks, and recreation areas. This area has it all!
The district is located within walking distance of many iconic attractions, such as the Dubai Mall, the world’s largest shopping mall, and the Dubai Opera, which attracts millions of visitors to the area each year. Given its location, real estate in the Burj Khalifa District is particularly attractive for investors. High property costs, as well as record profits, are due to the area’s exclusive location and proximity to nearby attractions. There is prestige and status that come along with owning a property in this iconic neighbourhood.
Emaar Properties developed the Burj Khalifa District and the entire Downtown Dubai area. Construction of the district’s iconic tower, around which the neighbourhood was formed, began in January 2004. The building’s inauguration took place on January 2010, exactly six years later. The investment on the skyscraper, which was AED 5.5 billion (USD 1.5 billion), was paid off during the first year.
