1-bed · 880 sqftThe Address Downtown Hotel, Downtown Dubai · 24th floor

2402, The Address Downtown Hotel

Sold prices and rental history: sold 4 times, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 5 October 2023
Last soldAED 3.85M5 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2402, The Address Downtown Hotel

What is 2402 worth today?

Last sold for AED 3,850,000 in 2023

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5 Oct 2023SoldReady
AED 3,850,000AED 4,375 per sqft
26 Feb 2013SoldReady
AED 3,375,000AED 3,835 per sqft
18 May 2009Sold by developerReady
AED 1,741,888AED 1,979 per sqft
18 May 2009SoldReady
AED 1,900,000AED 2,159 per sqft

Source: Dubai Land Department. Updated 5 October 2023.

Key facts

Type
1-bed hotel apartment
Size
880 sqft
Floor
24th of 60
Parking
P2-169
Last sold
AED 3.85M · October 2023

About 2402, The Address Downtown Hotel

2402 is a one-bedroom hotel apartment of 880 sqft on the 24th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 5 October 2023 for AED 3,850,000, or AED 4,375 per sqft, 42% above the AED 3,089 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2402 over time

Sales
Unit 2402, 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, May 2009: AED 1,741,888 (AED 1,979 per sqft)Sold, May 2009: AED 1,900,000 (AED 2,159 per sqft)Sold, February 2013: AED 3,375,000 (AED 3,835 per sqft)Sold, October 2023: AED 3,850,000 (AED 4,375 per sqft)

2402 has sold 4 times; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Downtown Hotel, and where 2402 sits

All 335 1-beds →

2402 last sold in October 2023 at AED 4,375 per sqft, 42% above what one-beds in The Address Downtown Hotel were fetching at the time (AED 3,089). 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 24th floor

All 625 units in The Address Downtown Hotel
Value
24012-bedAED 9M · Dec 2015
24031-bedAED 2.4M · May 2021
24042-bedAED 3.16M · Nov 2011
24052-bedAED 8.8M · Apr 2013
24061-bedAED 1.74M · Jul 2009
24071-bedAED 4.65M · Feb 2024
24082-bedAED 11M · Apr 2025
1–7 of 15

2402, The Address Downtown Hotel in numbers

  • Sold 4 times: first on 18 May 2009 for AED 1,900,000, last on 5 October 2023 for AED 3,850,000 (AED 4,375 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 October 2023.

Questions about 2402, The Address Downtown Hotel

What did unit 2402 last sell for?

AED 3,850,000 on 5 October 2023: AED 4,375 per sqft for 880 sqft. The unit has 4 registered sales; the first was AED 1,900,000 in May 2009.

How big is unit 2402?

880 sqft (81.8 sqm): a one-bedroom hotel apartment on the 24th floor of a 60-storey tower.

What is unit 2402 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 2402, The Address Downtown Hotel

Starts from the last sale price (AED 3.85M, 5 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,850,000
Deposit, UAE resident (20%)
AED 770,000
Deposit, non-resident (40%)
AED 1,540,000
Monthly over 25 years at 3.7%
AED 15,752

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