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1-bed · 959 sqftThe Address Downtown Hotel, Downtown Dubai · 55th floor

5506, The Address Downtown Hotel

Sold prices and rental history: sold 5 times, last in March 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5506 · DLD and Ejari recordsUpdated 22 March 2020
Last soldAED 1.51M22 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5506, The Address Downtown Hotel

What is 5506 worth today?

Last sold for AED 1,505,000 in 2020

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22 Mar 2020SoldReady
AED 1,505,000AED 1,569 per sqft
19 Dec 2013SoldReady
AED 3,000,000AED 3,128 per sqft
8 Feb 2010SoldReady
AED 1,600,000AED 1,668 per sqft
19 May 2009SoldReady
AED 2,000,000AED 2,085 per sqft
18 May 2009Sold by developerReady
AED 1,391,888AED 1,451 per sqft

Source: Dubai Land Department. Updated 22 March 2020.

Key facts

Type
1-bed hotel apartment
Size
959 sqft
Floor
55th of 60
Parking
P1-26
Last sold
AED 1.51M · March 2020
Building
The Address Downtown Hotel

About 5506, The Address Downtown Hotel

5506 is a one-bedroom hotel apartment of 959 sqft on the 55th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 22 March 2020 for AED 1,505,000, or AED 1,569 per sqft, 23% below the AED 2,047 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5506 over time

Sales
Unit 5506, 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, May 2009: AED 2,000,000 (AED 2,085 per sqft)Sold by developer, May 2009: AED 1,391,888 (AED 1,451 per sqft)Sold, February 2010: AED 1,600,000 (AED 1,668 per sqft)Sold, December 2013: AED 3,000,000 (AED 3,128 per sqft)Sold, March 2020: AED 1,505,000 (AED 1,569 per sqft)

5506 has sold 5 times; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Downtown Hotel, and where 5506 sits

All 335 1-beds →

5506 last sold in March 2020 at AED 1,569 per sqft, 23% below what one-beds in The Address Downtown Hotel were fetching at the time (AED 2,047). 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 55th floor

All 625 units in The Address Downtown Hotel
Value
55012-bedAED 4.8M · Mar 2011
55021-bedAED 1.66M · May 2013
55031-bedAED 3.7M · Apr 2022
55041-bedAED 3.1M · Mar 2023
55052-bedAED 5M · Jul 2009
55071-bedAED 1.25M · May 2020
55081-bedAED 2.5M · Aug 2017
1–7 of 10

5506, The Address Downtown Hotel in numbers

  • Sold 5 times: first on 18 May 2009 for AED 1,391,888, last on 22 March 2020 for AED 1,505,000 (AED 1,569 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 22 March 2020.

Questions about 5506, The Address Downtown Hotel

What did unit 5506 last sell for?

AED 1,505,000 on 22 March 2020: AED 1,569 per sqft for 959 sqft. The unit has 5 registered sales; the first was AED 1,391,888 in May 2009.

How big is unit 5506?

959 sqft (89.1 sqm): a one-bedroom hotel apartment on the 55th floor of a 60-storey tower.

What is unit 5506 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 5506, The Address Downtown Hotel

Starts from the last sale price (AED 1.51M, 22 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,505,000
Deposit, UAE resident (20%)
AED 301,000
Deposit, non-resident (40%)
AED 602,000
Monthly over 25 years at 3.7%
AED 6,157

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