1-bed · 796 sqftThe Address Downtown Hotel, Downtown Dubai · 15th floor

1506, The Address Downtown Hotel

Sold prices and rental history: sold twice, last in September 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 5 September 2021
Last soldAED 2.54M5 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, The Address Downtown Hotel

What is 1506 worth today?

Last sold for AED 2,540,006 in 2021

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5 Sep 2021SoldReady
AED 2,540,006AED 3,190 per sqft
18 Apr 2010Sold by developerReady
AED 3,975,888AED 4,994 per sqft

Source: Dubai Land Department. Updated 5 September 2021.

Key facts

Type
1-bed hotel apartment
Size
796 sqft
Floor
15th of 60
Parking
P1-221
Last sold
AED 2.54M · September 2021

About 1506, The Address Downtown Hotel

1506 is a one-bedroom hotel apartment of 796 sqft on the 15th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 5 September 2021 for AED 2,540,006, or AED 3,190 per sqft, 67% above the AED 1,914 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical one-bed in The Address Downtown Hotel
2M4M2009201420192024Typical sale price by year: 2009 AED 1,562,500; 2010 AED 1,512,888; 2011 AED 1,692,888; 2012 AED 2,000,000; 2013 AED 3,300,000; 2014 AED 3,631,720; 2015 AED 3,200,000; 2016 AED 2,300,000; 2017 AED 3,073,444; 2018 AED 2,350,000; 2019 AED 1,800,000; 2020 AED 1,502,500; 2021 AED 1,945,000; 2022 AED 2,315,315; 2023 AED 2,875,000; 2024 AED 3,098,750; 2025 AED 3,500,000; 2026 AED 3,375,000Sold by developer, April 2010: AED 3,975,888 (AED 4,994 per sqft)Sold, September 2021: AED 2,540,006 (AED 3,190 per sqft)

1506 has sold twice; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Downtown Hotel, and where 1506 sits

All 335 1-beds →

1506 last sold in September 2021 at AED 3,190 per sqft, 67% above what one-beds in The Address Downtown Hotel were fetching at the time (AED 1,914). Over the last 12 months one-beds sold for AED 2,340,000 to 6,000,000, around AED 4,426 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Oct 20263,140,000
9 Oct 20263,400,000
28 Sep 20262,600,000
26 Aug 20263,050,000
37 1-bed sales in the last 12 months

The Address Downtown Hotel

Building

625 apartments, studios to 4-bed over 60 floors in Downtown Dubai. 58 sold in the last 12 months.

Typical price per sqft
AED 4,522 Up 4.5%
Typical sale
AED 3.45M
Typical rent
Few contracts
Typical yield
The Address Downtown Hotel, Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 625 units in The Address Downtown Hotel
Value
15012-bedAED 7.5M · Oct 2025
15021-bedAED 4.5M · Apr 2025
15031-bedAED 2.61M · Jun 2018
15042-bedAED 7M · Mar 2020
15052-bedAED 9.4M · May 2023
15071-bedAED 7M · Dec 2013
15082-bedAED 14M · Dec 2013
1–7 of 15

1506, The Address Downtown Hotel in numbers

  • Sold twice: first on 18 April 2010 for AED 3,975,888, last on 5 September 2021 for AED 2,540,006 (AED 3,190 per sqft).
  • One-beds in The Address Downtown Hotel sold for AED 2,340,000–6,000,000 in the 12 months to November 2026; the building's median across all types is AED 4,522 per sqft.

Source: Dubai Land Department. Updated 5 September 2021.

Questions about 1506, The Address Downtown Hotel

What did unit 1506 last sell for?

AED 2,540,006 on 5 September 2021: AED 3,190 per sqft for 796 sqft. The unit has 2 registered sales; the first was AED 3,975,888 in April 2010.

How big is unit 1506?

796 sqft (74.0 sqm): a one-bedroom hotel apartment on the 15th floor of a 60-storey tower.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address Downtown Hotel sold for AED 2,340,000 to 6,000,000 in the last 12 months, around AED 4,426 per sqft.

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Mortgage on 1506, The Address Downtown Hotel

Starts from the last sale price (AED 2.54M, 5 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,540,006
Deposit, UAE resident (20%)
AED 508,001
Deposit, non-resident (40%)
AED 1,016,002
Monthly over 25 years at 3.7%
AED 10,392

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →