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1-bed · 741 sqftThe Address Downtown Hotel, Downtown Dubai · 55th floor

5507, The Address Downtown Hotel

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

Unit 5507 · DLD and Ejari recordsUpdated 10 May 2020
Last soldAED 1.25M10 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5507, The Address Downtown Hotel

What is 5507 worth today?

Last sold for AED 1,250,000 in 2020

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10 May 2020SoldReady
AED 1,250,000AED 1,686 per sqft
3 Apr 2011Sold by developerReady
AED 622,944AED 840 per sqft

Source: Dubai Land Department. Updated 10 May 2020.

Key facts

Type
1-bed hotel apartment
Size
741 sqft
Floor
55th of 60
Parking
P3-124
Last sold
AED 1.25M · May 2020
Building
The Address Downtown Hotel

About 5507, The Address Downtown Hotel

5507 is a one-bedroom hotel apartment of 741 sqft on the 55th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 10 May 2020 for AED 1,250,000, or AED 1,686 per sqft, 16% below the AED 2,010 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5507 over time

Sales
Unit 5507, 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, April 2011: AED 622,944 (AED 840 per sqft)Sold, May 2020: AED 1,250,000 (AED 1,686 per sqft)

5507 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 5507 sits

All 335 1-beds →

5507 last sold in May 2020 at AED 1,686 per sqft, 16% below what one-beds in The Address Downtown Hotel were fetching at the time (AED 2,010). 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
55061-bedAED 1.51M · Mar 2020
55081-bedAED 2.5M · Aug 2017
1–7 of 10

5507, The Address Downtown Hotel in numbers

  • Sold twice: first on 3 April 2011 for AED 622,944, last on 10 May 2020 for AED 1,250,000 (AED 1,686 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 10 May 2020.

Questions about 5507, The Address Downtown Hotel

What did unit 5507 last sell for?

AED 1,250,000 on 10 May 2020: AED 1,686 per sqft for 741 sqft. The unit has 2 registered sales; the first was AED 622,944 in April 2011.

How big is unit 5507?

741 sqft (68.8 sqm): a one-bedroom hotel apartment on the 55th floor of a 60-storey tower.

What is unit 5507 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 5507, The Address Downtown Hotel

Starts from the last sale price (AED 1.25M, 10 May 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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