1-bed · 880 sqftThe Address Downtown Hotel, Downtown Dubai · 34th floor

3407, The Address Downtown Hotel

Sold prices and rental history: sold 3 times, last in September 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3407 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 4.95M27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3407, The Address Downtown Hotel

What is 3407 worth today?

Last sold for AED 4,950,000 in 2024

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27 Sep 2024SoldReady
AED 4,950,000AED 5,625 per sqft
24 May 2015SoldReady
AED 4,550,000AED 5,170 per sqft
27 Feb 2013Sold by developerReady
AED 1,639,888AED 1,863 per sqft

Source: Dubai Land Department. Updated 27 September 2024.

Key facts

Type
1-bed hotel apartment
Size
880 sqft
Floor
34th of 60
Parking
P2-35
Last sold
AED 4.95M · September 2024

About 3407, The Address Downtown Hotel

3407 is a one-bedroom hotel apartment of 880 sqft on the 34th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 27 September 2024 for AED 4,950,000, or AED 5,625 per sqft, 68% above the AED 3,344 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3407 over time

Sales
Unit 3407, 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 2013: AED 1,639,888 (AED 1,863 per sqft)Sold, May 2015: AED 4,550,000 (AED 5,170 per sqft)Sold, September 2024: AED 4,950,000 (AED 5,625 per sqft)

3407 has sold 3 times; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Downtown Hotel, and where 3407 sits

All 335 1-beds →

3407 last sold in September 2024 at AED 5,625 per sqft, 68% above what one-beds in The Address Downtown Hotel were fetching at the time (AED 3,344). 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 34th floor

All 625 units in The Address Downtown Hotel
Value
34012-bedAED 8.5M · Sep 2024
34021-bedAED 4.05M · Jun 2015
34031-bedAED 5.15M · Jan 2014
34042-bedAED 14.2M · Jul 2026
34052-bedAED 5.4M · Nov 2011
34061-bedAED 3.6M · Jun 2017
34082-bedAED 12.8M · May 2025
1–7 of 15

3407, The Address Downtown Hotel in numbers

  • Sold 3 times: first on 27 February 2013 for AED 1,639,888, last on 27 September 2024 for AED 4,950,000 (AED 5,625 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 27 September 2024.

Questions about 3407, The Address Downtown Hotel

What did unit 3407 last sell for?

AED 4,950,000 on 27 September 2024: AED 5,625 per sqft for 880 sqft. The unit has 3 registered sales; the first was AED 1,639,888 in February 2013.

How big is unit 3407?

880 sqft (81.8 sqm): a one-bedroom hotel apartment on the 34th floor of a 60-storey tower.

What is unit 3407 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 3407, The Address Downtown Hotel

Starts from the last sale price (AED 4.95M, 27 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,950,000
Deposit, UAE resident (20%)
AED 990,000
Deposit, non-resident (40%)
AED 1,980,000
Monthly over 25 years at 3.7%
AED 20,252

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