What's the price range at Armani Residences?
Current price per sqft: AED 7400. Recent transactions: 4BR 6500sqft at AED 48,100,000; 3BR 3600sqft at AED 26,640,000. Price history (12 months): ranging from AED 7330 to AED 7400/sqft.
Armani Residences – Investment & Lifestyle FAQ
Complete guide to Armani Residences in Downtown Dubai: pricing, amenities, rental potential and ownership costs.
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Pricing & Units
What units are available at Armani Residences?
Unit mix: 32 × 1BR, 60 × 2BR, 40 × 3BR, 0 × 4BR, 12 × Penthouse. Total: 144 units. Branded as Giorgio Armanipremium positioning.
Is Armani Residences a good value, or overpriced?
Tier: ULTRA_LUXURY. Investment thesis: "Iconic Armani-branded ultra-luxury in Burj Khalifa complex; strong capital appreciation and heritage asset status offset moderate yields.". Comparable buildings in Downtown Dubai range AED 6900–7900/sqft. Verdict: Premium pricing justified by amenities and brand.. Consult a local agent for current market assessment.
Amenities & Building Features
What amenities does Armani Residences offer?
Amenities: Armani-designed interiors, Private spa, Infinity pool, Armani café, Concierge and more. Year completed: 2010. Floors: 16. Branded partnership with Giorgio Armani ensures concierge and lifestyle services.
How many floors and units per floor in Armani Residences?
16 floors. Total units: 144. Average units/floor: 9. View types: Marina views, City views. Higher floors command premium pricing.
What's the typical apartment layout in Armani Residences?
Layouts: Studio to 4-bedroom units. Most popular: 2-bedroom (60 units). Sizes vary 500–2,500 sqft. Many units have balconies/terraces. Furnished and unfurnished options available (check listing details).
Location & Proximity
How far is Armani Residences from key landmarks?
Beach: 15 mins. Burj Khalifa metro: 3 mins. Downtown Dubai: 0 mins. Airport (DXB): 18 mins.
Is Armani Residences easy to get to and from?
Metro accessible via Burj Khalifa. Schools within 5–15 mins. Shopping malls: Dubai Marina Mall, Ibn Battuta nearby. Parking: typically 1–2 spaces per unit. Good road connectivity to Sheikh Zayed Road and key exits.
What's the neighborhood like around Armani Residences?
Located in Downtown Dubai, a ultra-luxury community. Residents: expat professionals, families, investors. Dining & retail: diverse options within 5–15 mins. Safety: 24/7 security in building and community. Vibe: exclusive and high-end.
Owning Here
What are the service charges and annual costs?
Service charge: ~AED 2590/sqft/year typical for tier ULTRA_LUXURY. Estimate for 2BR (1500 sqft): AED 323750/month. DEWA: AED 400–600/month. Insurance: AED 1,000–2,000/year. Total holding cost: AED 800–1,500/month.
What kind of residents live in Armani Residences?
Profile: Mix of owner-occupiers and investors. Typical buyers: expat professionals, families seeking quality lifestyle, buy-to-let investors targeting 4%–6% yields. Nationalities: diverse (UK, India, Saudi, Russia, China well represented). Community vibe: professional, family-oriented, investment-savvy.
What's the rental yield at Armani Residences?
Gross rental yield: 3.5%–5.0%. 1BR typical rent: AED 27,500/month. 2BR: AED 43,333.333/month. Strong tenant demand; typical vacancy: 1–2 months/year.