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2-bed · 1,902 sqftThe Address Downtown Hotel, Downtown Dubai · 55th floor

5501, The Address Downtown Hotel

Sold prices and rental history: sold 3 times, last in March 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5501 · DLD and Ejari recordsUpdated 24 March 2011
Last soldAED 4.8M24 March 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5501, The Address Downtown Hotel

What is 5501 worth today?

Last sold for AED 4,800,000 in 2011

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24 Mar 2011SoldReady
AED 4,800,000AED 2,523 per sqft
18 Jul 2010Sold by developerReady
AED 4,922,750AED 2,588 per sqft
18 Jul 2010SoldReady
AED 3,237,888AED 1,702 per sqft

Source: Dubai Land Department. Updated 24 March 2011.

Key facts

Type
2-bed hotel apartment
Size
1,902 sqft
Floor
55th of 60
Parking
P2-201 P2-202
Last sold
AED 4.8M · March 2011
Building
The Address Downtown Hotel

About 5501, The Address Downtown Hotel

5501 is a two-bedroom hotel apartment of 1,902 sqft on the 55th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 24 March 2011 for AED 4,800,000, or AED 2,523 per sqft, 18% above the AED 2,132 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5501 over time

Sales
Unit 5501, 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, July 2010: AED 4,922,750 (AED 2,588 per sqft)Sold, July 2010: AED 3,237,888 (AED 1,702 per sqft)Sold, March 2011: AED 4,800,000 (AED 2,523 per sqft)

5501 has sold 3 times; the dashed line is the two-bed median of each year in the building.

2-beds in The Address Downtown Hotel, and where 5501 sits

All 149 2-beds →

5501 last sold in March 2011 at AED 2,523 per sqft, 18% above what two-beds in The Address Downtown Hotel were fetching at the time (AED 2,132). 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 55th floor

All 625 units in The Address Downtown Hotel
Value
55021-bedAED 1.66M · May 2013
55031-bedAED 3.7M · Apr 2022
55041-bedAED 3.1M · Mar 2023
55052-bedAED 5M · Jul 2009
55061-bedAED 1.51M · Mar 2020
55071-bedAED 1.25M · May 2020
55081-bedAED 2.5M · Aug 2017
1–7 of 10

5501, The Address Downtown Hotel in numbers

  • Sold 3 times: first on 18 July 2010 for AED 3,237,888, last on 24 March 2011 for AED 4,800,000 (AED 2,523 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 24 March 2011.

Questions about 5501, The Address Downtown Hotel

What did unit 5501 last sell for?

AED 4,800,000 on 24 March 2011: AED 2,523 per sqft for 1,902 sqft. The unit has 3 registered sales; the first was AED 3,237,888 in July 2010.

How big is unit 5501?

1,902 sqft (176.7 sqm): a two-bedroom hotel apartment on the 55th floor of a 60-storey tower.

What is unit 5501 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 5501, The Address Downtown Hotel

Starts from the last sale price (AED 4.8M, 24 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 4,800,000
Deposit, UAE resident (20%)
AED 960,000
Deposit, non-resident (40%)
AED 1,920,000
Monthly over 25 years at 3.7%
AED 19,638

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