1-bed · 935 sqftThe Address Downtown Hotel, Downtown Dubai · 28th floor

2816, The Address Downtown Hotel

Sold prices and rental history: sold twice, last in September 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2816 · DLD and Ejari recordsUpdated 2 September 2012
Last soldAED 2.3M2 September 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2816, The Address Downtown Hotel

What is 2816 worth today?

Last sold for AED 2,300,000 in 2012

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2 Sep 2012SoldReady
AED 2,300,000AED 2,460 per sqft
14 Jul 2010Sold by developerReady
AED 1,196,888AED 1,280 per sqft

Source: Dubai Land Department. Updated 2 September 2012.

Key facts

Type
1-bed hotel apartment
Size
935 sqft
Floor
28th of 60
Parking
P1-215
Last sold
AED 2.3M · September 2012

About 2816, The Address Downtown Hotel

2816 is a one-bedroom hotel apartment of 935 sqft on the 28th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 2 September 2012 for AED 2,300,000, or AED 2,460 per sqft, 11% above the AED 2,216 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2816 over time

Sales
Unit 2816, 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, July 2010: AED 1,196,888 (AED 1,280 per sqft)Sold, September 2012: AED 2,300,000 (AED 2,460 per sqft)

2816 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 2816 sits

All 335 1-beds →

2816 last sold in September 2012 at AED 2,460 per sqft, 11% above what one-beds in The Address Downtown Hotel were fetching at the time (AED 2,216). 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 28th floor

All 625 units in The Address Downtown Hotel
Value
28012-bedAED 2.53M · Apr 2010
28021-bedAED 4.63M · Jun 2014
28031-bedAED 2.6M · Nov 2011
28042-bedAED 7.5M · Jan 2017
28052-bedAED 7.5M · Jan 2017
28061-bedAED 3.7M · Jun 2024
28071-bedAED 1.59M · Sep 2010
1–7 of 15

2816, The Address Downtown Hotel in numbers

  • Sold twice: first on 14 July 2010 for AED 1,196,888, last on 2 September 2012 for AED 2,300,000 (AED 2,460 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 2 September 2012.

Questions about 2816, The Address Downtown Hotel

What did unit 2816 last sell for?

AED 2,300,000 on 2 September 2012: AED 2,460 per sqft for 935 sqft. The unit has 2 registered sales; the first was AED 1,196,888 in July 2010.

How big is unit 2816?

935 sqft (86.9 sqm): a one-bedroom hotel apartment on the 28th floor of a 60-storey tower.

What is unit 2816 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 2816, The Address Downtown Hotel

Starts from the last sale price (AED 2.3M, 2 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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