1-bed · 796 sqftThe Address Downtown Hotel, Downtown Dubai · 16th floor

1603, The Address Downtown Hotel

Sold prices and rental history: sold twice, last in April 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 6 April 2017
Last soldAED 3M6 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, The Address Downtown Hotel

What is 1603 worth today?

Last sold for AED 3,000,000 in 2017

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6 Apr 2017SoldReady
AED 3,000,000AED 3,768 per sqft
18 Aug 2009Sold by developerReady
AED 3,128,888AED 3,930 per sqft

Source: Dubai Land Department. Updated 6 April 2017.

Key facts

Type
1-bed hotel apartment
Size
796 sqft
Floor
16th of 60
Parking
P1-222
Last sold
AED 3M · April 2017

About 1603, The Address Downtown Hotel

1603 is a one-bedroom hotel apartment of 796 sqft on the 16th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 6 April 2017 for AED 3,000,000, or AED 3,768 per sqft, 42% above the AED 2,653 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical one-bed in The Address Downtown Hotel
2M3M4M2009201420192024Typical 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, August 2009: AED 3,128,888 (AED 3,930 per sqft)Sold, April 2017: AED 3,000,000 (AED 3,768 per sqft)

1603 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 1603 sits

All 335 1-beds →

1603 last sold in April 2017 at AED 3,768 per sqft, 42% above what one-beds in The Address Downtown Hotel were fetching at the time (AED 2,653). 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 16th floor

All 625 units in The Address Downtown Hotel
Value
16012-bedAED 8.7M · Jan 2026
16021-bedAED 4M · May 2024
16052-bedAED 5.1M · Aug 2011
16061-bedAED 2M · May 2009
16071-bedAED 3.7M · Jun 2022
16082-bedAED 10.03M · Apr 2010
16091-bedAED 2.3M · Mar 2017
1–7 of 14

1603, The Address Downtown Hotel in numbers

  • Sold twice: first on 18 August 2009 for AED 3,128,888, last on 6 April 2017 for AED 3,000,000 (AED 3,768 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 6 April 2017.

Questions about 1603, The Address Downtown Hotel

What did unit 1603 last sell for?

AED 3,000,000 on 6 April 2017: AED 3,768 per sqft for 796 sqft. The unit has 2 registered sales; the first was AED 3,128,888 in August 2009.

How big is unit 1603?

796 sqft (74.0 sqm): a one-bedroom hotel apartment on the 16th floor of a 60-storey tower.

What is unit 1603 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 1603, The Address Downtown Hotel

Starts from the last sale price (AED 3M, 6 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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