Today, the annual cost of rentals in Burj Khalifa studio apartment with floor-to-ceiling windows, marble and wooden floors has dropped to AED75,000 ($20,418) for studios, Farani said.

image source: Kali

One-bedroom units are on the market from AED110,000 ($29,947), while year-long leases on two-beds cost around AED170,000 ($46,281).

Three-beds apartments will set tenants back AED280,000 ($76,228), Farani said, an analyst with Dubai-based real estate agency.

The 828-metre tower opened to the public on January 4, 2010 – a year-ago today – with a star-studded launch of 900 apartments, 44 Armani-branded flats and 37 floors of office space.