You Can Rent a Burj Khalifa Apartment Starting at $38,000
Michael Hines — June 9, 2010 — Luxury
References: gulfnews & bornrich.org
If I had the money, I would so rent a Burj Khalifa apartment. The world's tallest building has begun issuing rentals starting at $38,000 a year. Recession, what recession?
Keep in mind that $38,000 is the starting price of a Burj Khalifa apartment. Two bedrooms start at $81,500. While $38,000 may seem like a lot of money to drop on a one-bedroom apartment, it may turn out to be a worthwhile investment down the road. The world economy will eventually recover, and $38,000 is a small price to pay to live in a piece of history.
Keep in mind that $38,000 is the starting price of a Burj Khalifa apartment. Two bedrooms start at $81,500. While $38,000 may seem like a lot of money to drop on a one-bedroom apartment, it may turn out to be a worthwhile investment down the road. The world economy will eventually recover, and $38,000 is a small price to pay to live in a piece of history.
Trend Themes
1. Luxury Rentable Real Estate - Real estate companies can capitalize on the growing demand for luxury rentals by offering high-end apartments in world-renowned buildings like the Burj Khalifa.
2. Affordable Luxury Housing - Developers can focus on making luxury living more accessible to a wider range of people by offering flexible payment options and more reasonable pricing plans.
3. Sustainable High-rise Living - Companies can find ways to make luxury high-rise living more sustainable by integrating green technologies and eco-friendly features into their buildings.
Industry Implications
1. Real Estate - The real estate industry can capitalize on the growing demand for luxury rentals and work on offering more affordable options with flexible payment plans.
2. Construction - The construction industry can focus on providing sustainable and eco-friendly building options for luxury high-rise apartments to attract environmentally conscious tenants.
3. Hospitality - The hospitality industry can tap into the luxury rental market by offering concierge and other high-end services to renters of world-famous buildings like the Burj Khalifa.
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