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

2407, The Address Downtown Hotel

Sold prices and rental history: sold 6 times, last in February 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 13 February 2024
Last soldAED 4.65M13 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2407, The Address Downtown Hotel

What is 2407 worth today?

Last sold for AED 4,650,000 in 2024

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13 Feb 2024SoldReady
AED 4,650,000AED 5,284 per sqft
1 Feb 2017SoldReady
AED 4,200,000AED 4,772 per sqft
5 Apr 2015SoldReady
AED 4,400,000AED 5,000 per sqft
20 Nov 2014SoldReady
AED 4,300,000AED 4,886 per sqft
26 Nov 2013SoldReady
AED 3,000,000AED 3,409 per sqft
8 Feb 2011Sold by developerReady
AED 1,843,888AED 2,095 per sqft

Source: Dubai Land Department. Updated 13 February 2024.

Key facts

Type
1-bed hotel apartment
Size
880 sqft
Floor
24th of 60
Parking
P2-168
Last sold
AED 4.65M · February 2024
Building
The Address Downtown Hotel

About 2407, The Address Downtown Hotel

2407 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 13 February 2024 for AED 4,650,000, or AED 5,284 per sqft, 70% above the AED 3,111 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2407 over time

Sales
Unit 2407, 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, February 2011: AED 1,843,888 (AED 2,095 per sqft)Sold, November 2013: AED 3,000,000 (AED 3,409 per sqft)Sold, November 2014: AED 4,300,000 (AED 4,886 per sqft)Sold, April 2015: AED 4,400,000 (AED 5,000 per sqft)Sold, February 2017: AED 4,200,000 (AED 4,772 per sqft)Sold, February 2024: AED 4,650,000 (AED 5,284 per sqft)

2407 has sold 6 times; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Downtown Hotel, and where 2407 sits

All 335 1-beds →

2407 last sold in February 2024 at AED 5,284 per sqft, 70% above what one-beds in The Address Downtown Hotel were fetching at the time (AED 3,111). 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
24021-bedAED 3.85M · Oct 2023
24031-bedAED 2.4M · May 2021
24042-bedAED 3.16M · Nov 2011
24052-bedAED 8.8M · Apr 2013
24061-bedAED 1.74M · Jul 2009
24082-bedAED 11M · Apr 2025
1–7 of 15

2407, The Address Downtown Hotel in numbers

  • Sold 6 times: first on 8 February 2011 for AED 1,843,888, last on 13 February 2024 for AED 4,650,000 (AED 5,284 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 13 February 2024.

Questions about 2407, The Address Downtown Hotel

What did unit 2407 last sell for?

AED 4,650,000 on 13 February 2024: AED 5,284 per sqft for 880 sqft. The unit has 6 registered sales; the first was AED 1,843,888 in February 2011.

How big is unit 2407?

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

What is unit 2407 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 2407, The Address Downtown Hotel

Starts from the last sale price (AED 4.65M, 13 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,650,000
Deposit, UAE resident (20%)
AED 930,000
Deposit, non-resident (40%)
AED 1,860,000
Monthly over 25 years at 3.7%
AED 19,025

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