All those who aspire to experience living in Burj Khalifa have a reason to smile, as renting an apartment in the world's tallest tower will now cost less, say Dubai property dealers.

A studio apartment of around 560 square feet can now be rented at USD 24,502 a year, compared to USD 38,114.4 in the beginning of June this year. Asking price of a one-bedroom apartment is USD 32,669.51 while two bedrooms could be rented for USD 59,894.1 a year, say local advertisements. Earlier, a one-bedroom unit ranged between USD 49,004.2 and USD 70,783.93 while two-bedroom apartment started at USD 81,673.7.