1-bed · 927 sqftThe Address Downtown Hotel, Downtown Dubai · 24th floor

2412, The Address Downtown Hotel

Sold prices and rental history: sold 4 times, last in May 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2412 · DLD and Ejari recordsUpdated 14 May 2017
Last soldAED 2.53M14 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2412, The Address Downtown Hotel

What is 2412 worth today?

Last sold for AED 2,525,000 in 2017

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14 May 2017SoldReady
AED 2,525,000AED 2,723 per sqft
19 Mar 2017SoldReady
AED 2,150,000AED 2,319 per sqft
18 Mar 2014SoldReady
AED 4,150,000AED 4,476 per sqft
15 Sep 2009Sold by developerReady
AED 697,944AED 752 per sqft

Source: Dubai Land Department. Updated 14 May 2017.

Key facts

Type
1-bed hotel apartment
Size
927 sqft
Floor
24th of 60
Parking
P3-76
Last sold
AED 2.53M · May 2017

About 2412, The Address Downtown Hotel

2412 is a one-bedroom hotel apartment of 927 sqft on the 24th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 14 May 2017 for AED 2,525,000, or AED 2,723 per sqft, in line with the AED 2,723 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2412 over time

Sales
Unit 2412, 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, September 2009: AED 697,944 (AED 752 per sqft)Sold, March 2014: AED 4,150,000 (AED 4,476 per sqft)Sold, March 2017: AED 2,150,000 (AED 2,319 per sqft)Sold, May 2017: AED 2,525,000 (AED 2,723 per sqft)

2412 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 2412 sits

All 335 1-beds →

2412 last sold in May 2017 at AED 2,723 per sqft, in line with what one-beds in The Address Downtown Hotel were fetching at the time (AED 2,723). 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
24071-bedAED 4.65M · Feb 2024
1–7 of 15

2412, The Address Downtown Hotel in numbers

  • Sold 4 times: first on 15 September 2009 for AED 697,944, last on 14 May 2017 for AED 2,525,000 (AED 2,723 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 14 May 2017.

Questions about 2412, The Address Downtown Hotel

What did unit 2412 last sell for?

AED 2,525,000 on 14 May 2017: AED 2,723 per sqft for 927 sqft. The unit has 4 registered sales; the first was AED 697,944 in September 2009.

How big is unit 2412?

927 sqft (86.1 sqm): a one-bedroom hotel apartment on the 24th floor of a 60-storey tower.

What is unit 2412 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 2412, The Address Downtown Hotel

Starts from the last sale price (AED 2.53M, 14 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,525,000
Deposit, UAE resident (20%)
AED 505,000
Deposit, non-resident (40%)
AED 1,010,000
Monthly over 25 years at 3.7%
AED 10,331

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