1601, The Address Residence Fountain View 1
Sold prices and rental history: sold 3 times, last in May 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, The Address Residence Fountain View 1
What is 1601 worth today?
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Source: Dubai Land Department. Updated 4 May 2023.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,445 sqft
- Floor
- 16th of 58
- Parking
- B2-039
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 4.8M · May 2023
About 1601, The Address Residence Fountain View 1
1601 is a two-bedroom hotel apartment of 1,445 sqft on the 16th floor of The Address Residence Fountain View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 4 May 2023 for AED 4,800,000, or AED 3,320 per sqft, 14% above the AED 2,904 two-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 10 October 2022, is AED 270,000 a year: a gross yield of 5.6% on the 2023 price.
Sales and rents for 1601 over time
1601 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Address Residence Fountain View 1, and where 1601 sits
All 153 2-beds →1601 last sold in May 2023 at AED 3,320 per sqft, 14% above what two-beds in The Address Residence Fountain View 1 were fetching at the time (AED 2,904). Over the last 12 months two-beds sold for AED 1,540,000 to 7,200,000, around AED 4,188 per sqft, and rent for AED 140,000 to 500,000 a year. 1601's AED 270,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 723 sqft | 1,800,000 | 2,489 | ||
| 28 Oct 202628 October 2026 | 1,445 sqft | 5,000,000 | 3,459 | ||
| 29 Sep 202629 September 2026 | 1,445 sqft | 5,300,000 | 3,666 | ||
| 21 Sep 202621 September 2026 | 1,336 sqft | 6,700,000 | 5,015 |
The Address Residence Fountain View 1
Building286 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2019 by Emaar. 24 sold in the last 12 months.
- Typical price per sqft
- AED 4,497 Down 0.3%
- Typical sale
- AED 5.68M
- Typical rent
- AED 260K /yr
- Typical yield
- 4.6%
Other units on the 16th floor
All 286 units in The Address Residence Fountain View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 840 sqft | AED 3.8MAED 3,800,000 · Dec 2024December 2024 | 125,000 /yr | |
| 1603 | 1-bed | 840 sqft | AED 2.29MAED 2,292,971 · Dec 2013December 2013 | 215,000 /yr | |
| 1604 | 2-bed | 1,495 sqft | AED 5.8MAED 5,800,000 · Sep 2023September 2023 | 250,000 /yr | |
| 1605 | 1-bed | 841 sqft | AED 3.3MAED 3,300,000 · Apr 2023April 2023 | 195,000 /yr | |
| 1606 | 1-bed | 841 sqft | AED 1.94MAED 1,937,888 · Oct 2013October 2013 | 115,000 /yr | |
| 1607 | 2-bed | 1,447 sqft | AED 4.2MAED 4,200,000 · Apr 2023April 2023 |
1601, The Address Residence Fountain View 1 in numbers
- Sold 3 times: first on 3 October 2013 for AED 3,155,888, last on 4 May 2023 for AED 4,800,000 (AED 3,320 per sqft).
- Rented since September 2020 on 2 Ejari contracts, from AED 140,000 to AED 270,000 a year.
- At AED 270,000 a year the gross yield on the 2023 price is 5.6%.
- Two-beds in The Address Residence Fountain View 1 sold for AED 1,540,000–7,200,000 in the 12 months to November 2026; the building's median across all types is AED 4,497 per sqft.
Source: Dubai Land Department. Updated 4 May 2023.
Questions about 1601, The Address Residence Fountain View 1
What did unit 1601 last sell for?
AED 4,800,000 on 4 May 2023: AED 3,320 per sqft for 1,445 sqft. The unit has 3 registered sales; the first was AED 3,155,888 in October 2013.
What is the rent for unit 1601?
AED 270,000 a year on the contract signed on 10 October 2022. The previous contract, from September 2020, was AED 140,000.
How big is unit 1601?
1,445 sqft (134.2 sqm): a two-bedroom hotel apartment on the 16th floor of a 58-storey tower completed in 2019.
What is unit 1601 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 Residence Fountain View 1 sold for AED 1,540,000 to 7,200,000 in the last 12 months, around AED 4,188 per sqft.
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Mortgage on 1601, The Address Residence Fountain View 1
Starts from the last sale price (AED 4.8M, 4 May 2023). 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 →