Rents for Dubai Tower’s Luxury Homes Are Cut on Lack of Tenants

Rents for luxury apartments in Dubai’s Burj Khalifa, the world’s tallest tower, have been slashed by as much as 40 percent after the owners failed to find tenants, according to a broker that’s marketing the homes.

The cost of renting a studio with floor-to-ceiling windows, marble and wooden floors has dropped to 6,666 dirhams ($1,815) a month, while a one-bedroom apartment is available for 10,000 dirhams, Better Homes said. Two-bedroom homes are going for 15,833 dirhams.