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3-bed · 3,231 sqftThe Address Downtown Hotel, Downtown Dubai · 57th floor

5702, The Address Downtown Hotel

Sold prices and rental history: sold 3 times, last in March 2023, and rented once, from September 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5702 · DLD and Ejari recordsUpdated 4 September 2023
Last soldAED 26M16 March 2023
Current rentAED 2.4M /yr4 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5702, The Address Downtown Hotel

What is 5702 worth today?

Last sold for AED 26,000,000 in 2023

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4 Sep 2023RentedNew contract · flagged as an outlier
AED 2,400,000/yr12 months · AED 743 per sqft
16 Mar 2023SoldReady · flagged as an outlier
AED 26,000,000AED 8,046 per sqft
26 Feb 2012SoldReady
AED 13,000,000AED 4,023 per sqft
21 Feb 2012Sold by developerReady
AED 5,926,888AED 1,834 per sqft

Source: Dubai Land Department. Updated 4 September 2023.

Key facts

Type
3-bed hotel apartment
Size
3,231 sqft
Floor
57th of 60
Parking
P3-100 P3-101
Last sold
AED 26M · March 2023
Building
The Address Downtown Hotel

About 5702, The Address Downtown Hotel

5702 is a three-bedroom hotel apartment of 3,231 sqft on the 57th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 16 March 2023 for AED 26,000,000, or AED 8,046 per sqft.

One Ejari contract is registered, from 4 September 2023. The current contract, signed on 4 September 2023, is AED 2,400,000 a year: a gross yield of 9.2% on the 2023 price.

3-beds in The Address Downtown Hotel, and where 5702 sits

All 2 3-beds →
Recent 3-bed salesUnit no.Price (AED)Summary
19 Aug 201517,200,000
25 Feb 201414,474,888
0 3-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 57th floor

All 625 units in The Address Downtown Hotel
Value
57014-bedAED 10.24M · May 2024
57034-bedAED 17.3M · Apr 2021

5702, The Address Downtown Hotel in numbers

  • Sold 3 times: first on 21 February 2012 for AED 5,926,888, last on 16 March 2023 for AED 26,000,000 (AED 8,046 per sqft).
  • Rented since September 2023 on one Ejari contract, at AED 2,400,000 a year.
  • At AED 2,400,000 a year the gross yield on the 2023 price is 9.2%.

Source: Dubai Land Department. Updated 4 September 2023.

Questions about 5702, The Address Downtown Hotel

What did unit 5702 last sell for?

AED 26,000,000 on 16 March 2023: AED 8,046 per sqft for 3,231 sqft. The unit has 3 registered sales; the first was AED 5,926,888 in February 2012.

What is the rent for unit 5702?

AED 2,400,000 a year on the contract signed on 4 September 2023.

How big is unit 5702?

3,231 sqft (300.2 sqm): a three-bedroom hotel apartment on the 57th floor of a 60-storey tower.

What is unit 5702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 5702, The Address Downtown Hotel

Starts from the last sale price (AED 26M, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 26,000,000
Deposit, UAE resident (20%)
AED 5,200,000
Deposit, non-resident (40%)
AED 10,400,000
Monthly over 25 years at 3.7%
AED 106,374

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