2-bed · 1,848 sqftThe Address Downtown Hotel, Downtown Dubai · 47th floor

4701, The Address Downtown Hotel

Sold prices and rental history: sold 4 times, last in July 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4701 · DLD and Ejari recordsUpdated 4 July 2012
Last soldAED 6.6M4 July 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4701, The Address Downtown Hotel

What is 4701 worth today?

Last sold for AED 6,600,000 in 2012

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4 Jul 2012SoldReady
AED 6,600,000AED 3,571 per sqft
14 Mar 2012SoldReady
AED 5,600,000AED 3,030 per sqft
21 Feb 2011Sold by developerReady
AED 3,090,888AED 1,672 per sqft
21 Feb 2011SoldReady
AED 4,525,000AED 2,448 per sqft

Source: Dubai Land Department. Updated 4 July 2012.

Key facts

Type
2-bed hotel apartment
Size
1,848 sqft
Floor
47th of 60
Parking
P1-124
Last sold
AED 6.6M · July 2012

About 4701, The Address Downtown Hotel

4701 is a two-bedroom hotel apartment of 1,848 sqft on the 47th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 4 July 2012 for AED 6,600,000, or AED 3,571 per sqft, 16% above the AED 3,080 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4701 over time

Sales
Unit 4701, each saleTypical two-bed in The Address Downtown Hotel
5M10M2009201420192024Typical sale price by year: 2009 AED 3,747,944; 2010 AED 3,425,888; 2011 AED 4,800,000; 2012 AED 5,917,500; 2013 AED 7,825,000; 2014 AED 10,800,000; 2015 AED 9,000,000; 2016 AED 5,291,944; 2017 AED 7,575,000; 2019 AED 6,467,825; 2020 AED 5,450,000; 2021 AED 6,790,000; 2022 AED 7,500,000; 2023 AED 8,600,000; 2024 AED 9,300,000; 2025 AED 9,500,000; 2026 AED 9,500,000Sold by developer, February 2011: AED 3,090,888 (AED 1,672 per sqft)Sold, February 2011: AED 4,525,000 (AED 2,448 per sqft)Sold, March 2012: AED 5,600,000 (AED 3,030 per sqft)Sold, July 2012: AED 6,600,000 (AED 3,571 per sqft)

4701 has sold 4 times; the dashed line is the two-bed median of each year in the building.

2-beds in The Address Downtown Hotel, and where 4701 sits

All 149 2-beds →

4701 last sold in July 2012 at AED 3,571 per sqft, 16% above what two-beds in The Address Downtown Hotel were fetching at the time (AED 3,080). Over the last 12 months two-beds sold for AED 8,000,000 to 11,300,000, around AED 5,729 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20269,000,000
6 Jul 202614,200,000
2 Jul 20268,000,000
29 Apr 202616,000,000
12 2-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 47th floor

All 625 units in The Address Downtown Hotel
Value
47021-bedAED 2.18M · May 2009
47031-bedAED 2.4M · Dec 2019
47042-bedAED 3.18M · Feb 2011
47052-bedAED 5.25M · Jun 2011
47061-bedAED 4.05M · Oct 2025
47071-bedAED 2.65M · Jul 2011
47082-bedAED 4.05M · Jun 2010
1–7 of 15

4701, The Address Downtown Hotel in numbers

  • Sold 4 times: first on 21 February 2011 for AED 4,525,000, last on 4 July 2012 for AED 6,600,000 (AED 3,571 per sqft).
  • Two-beds in The Address Downtown Hotel sold for AED 8,000,000–11,300,000 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 4 July 2012.

Questions about 4701, The Address Downtown Hotel

What did unit 4701 last sell for?

AED 6,600,000 on 4 July 2012: AED 3,571 per sqft for 1,848 sqft. The unit has 4 registered sales; the first was AED 4,525,000 in February 2011.

How big is unit 4701?

1,848 sqft (171.7 sqm): a two-bedroom hotel apartment on the 47th floor of a 60-storey tower.

What is unit 4701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Address Downtown Hotel sold for AED 8,000,000 to 11,300,000 in the last 12 months, around AED 5,729 per sqft.

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Mortgage on 4701, The Address Downtown Hotel

Starts from the last sale price (AED 6.6M, 4 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 6,600,000
Deposit, UAE resident (20%)
AED 1,320,000
Deposit, non-resident (40%)
AED 2,640,000
Monthly over 25 years at 3.7%
AED 27,003

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