The cost of a square foot in some parts of the Burj Dubai has just increased to Dh13,000. ($3,500) Prices in the world’s highest tower, which is due to open by the end of 2009, start at Dh10,000 per sq ft compared to Dh4,000 just a few months ago.
The Burj Dubai’s biggest competitor in terms of price is the Palm Trump International Hotel and Tower, where the square foot rate recently topped Dh12,500.
Prices in both these towers are widely considered the highest in the UAE and are expected to top any other developments in the GCC countries, said Ali Al Rahma, CEO of real estate information website Eqaraat.com.
The Palm Jumeirah has retained first place in terms of returns as the rate has risen to more than 600 per cent over the past six years. More photos after the jump. More on Burj Dubai Price Soars Again
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