<p>A studio apartment of around 560 square feet can now be rented at USD 24,502 a year, compared to USD 38,114.4 in the beginning of June this year.<br /><br />Asking price of a one-bedroom apartment is USD 32,669.51 while two bedrooms could be rented for USD 59,894.1 a year, say local advertisements.<br /><br />Earlier, a one-bedroom unit ranged between USD 49,004.2 and USD 70,783.93 while two-bedroom apartment started at USD 81,673.7.<br /><br />Reports last week said that apartments in Dubai's most prestigious address are available at 40 per cent less rentals than when the building opened 10 months ago.<br /><br />According to a local property brokerage firm, about 825 of the 900 apartments in the Burj Khalifa are still empty.<br /><br />Emaar had sold 90 percent of the homes in the tower before the January opening.<br />The building also has 144 Armani-branded residences, 37 floors of office space and 160 hotel rooms. It houses Armani's first hotel and an observation deck on the 124th floor.<br /><br />Sales prices in the Burj Khalifa are down to around USD 816.73 per square foot, as opposed to the earlier peak of up to USD 2,722.4 per square foot.<br /><br />According to September data, the Sales Price Index Dubai-All Residential fell 2.30 per cent from the previous month.</p>
<p>A studio apartment of around 560 square feet can now be rented at USD 24,502 a year, compared to USD 38,114.4 in the beginning of June this year.<br /><br />Asking price of a one-bedroom apartment is USD 32,669.51 while two bedrooms could be rented for USD 59,894.1 a year, say local advertisements.<br /><br />Earlier, a one-bedroom unit ranged between USD 49,004.2 and USD 70,783.93 while two-bedroom apartment started at USD 81,673.7.<br /><br />Reports last week said that apartments in Dubai's most prestigious address are available at 40 per cent less rentals than when the building opened 10 months ago.<br /><br />According to a local property brokerage firm, about 825 of the 900 apartments in the Burj Khalifa are still empty.<br /><br />Emaar had sold 90 percent of the homes in the tower before the January opening.<br />The building also has 144 Armani-branded residences, 37 floors of office space and 160 hotel rooms. It houses Armani's first hotel and an observation deck on the 124th floor.<br /><br />Sales prices in the Burj Khalifa are down to around USD 816.73 per square foot, as opposed to the earlier peak of up to USD 2,722.4 per square foot.<br /><br />According to September data, the Sales Price Index Dubai-All Residential fell 2.30 per cent from the previous month.</p>