Burj Khalifa property prices reach for the sky once again | The National

Burj Khalifa property prices reach for the sky once again | The National:

"

Even before it was built, the Burj Khalifa served as a barometer of the health of Dubai’s fast-changing
property market.

Launched as a project in July 2006 as a flashy marker of Dubai’s ambitions to become a leading global city, prices grew almost as quickly as the building work. By the second quarter of 2008, prices had swelled 44 per cent from the earlier quarter.

Then the onset of the property downturn sent prices sinking from a peak of Dh9,000 per square foot in August 2008 to Dh2,500 by February 2009.

But as the fourth anniversary of the building’s completion approaches on January 4, prices have perked up again, mirroring gains in the wider market."

'via Blog this'