1001, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, The Address Residence Sky View 1
What is 1001 worth today?
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Source: Dubai Land Department. Updated 18 October 2023.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 1,851 sqft
- Floor
- 10th of 58
- Parking
- B3-209, B3-193, B3-194
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 5.5M · October 2023
- Building
- The Address Residence Sky View 1
About 1001, The Address Residence Sky View 1
1001 is a three-bedroom hotel apartment of 1,851 sqft on the 10th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 18 October 2023 for AED 5,500,000, or AED 2,972 per sqft, in line with the AED 3,044 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 30 September 2023, is AED 450,000 a year: a gross yield of 8.2% on the 2023 price.
Sales and rents for 1001 over time
1001 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in The Address Residence Sky View 1, and where 1001 sits
All 121 3-beds →1001 last sold in October 2023 at AED 2,972 per sqft, in line with what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,044). Over the last 12 months three-beds sold for AED 6,000,000 to 12,800,000, around AED 4,257 per sqft, and rent for AED 300,000 to 655,000 a year. 1001's AED 450,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jun 20263 June 2026 | 2,020 sqft | 8,200,000 | 4,059 | ||
| 4 May 20264 May 2026 | 2,020 sqft | 6,500,000 | 3,218 | ||
| 18 Mar 202618 March 2026 | 2,134 sqft | 6,000,000 | 2,811 | ||
| 27 Jan 202627 January 2026 | 2,428 sqft | 12,800,000 | 5,272 |
The Address Residence Sky View 1
Building326 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2019 by Emaar. 30 sold in the last 12 months.
- Typical price per sqft
- AED 3,825 Level
- Typical sale
- AED 6.5M
- Typical rent
- AED 300K /yr
- Typical yield
- 5.4%
Other units on the 10th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1003 | 2-bed | 1,519 sqft | AED 4.41MAED 4,406,888 · Jun 2020June 2020 | ||
| 1004 | 2-bed | 1,699 sqft | AED 4.33MAED 4,333,233 · Aug 2014August 2014 | 400,000 /yr | |
| 1005 | 3-bed | 2,428 sqft | AED 6.11MAED 6,107,077 · Feb 2014February 2014 | 470,000 /yr | |
| 1006 | 2-bed | 1,699 sqft | AED 4.55MAED 4,550,000 · Oct 2022October 2022 | 375,000 /yr | |
| 1007 | 2-bed | 1,518 sqft | AED 3.79MAED 3,794,888 · Nov 2013November 2013 | 350,000 /yr | |
| 1008 | 1-bed | 872 sqft | AED 3.1MAED 3,100,000 · Jun 2024June 2024 | ||
| 1009 | 1-bed | 1,157 sqft | AED 3.75MAED 3,750,000 · Oct 2025October 2025 | 240,000 /yr |
1001, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 6 December 2015 for AED 4,566,888, last on 18 October 2023 for AED 5,500,000 (AED 2,972 per sqft).
- Rented since August 2020 on 4 Ejari contracts, from AED 160,000 to AED 450,000 a year.
- At AED 450,000 a year the gross yield on the 2023 price is 8.2%.
- Three-beds in The Address Residence Sky View 1 sold for AED 6,000,000–12,800,000 in the 12 months to November 2026; the building's median across all types is AED 3,825 per sqft.
Source: Dubai Land Department. Updated 18 October 2023.
Questions about 1001, The Address Residence Sky View 1
What did unit 1001 last sell for?
AED 5,500,000 on 18 October 2023: AED 2,972 per sqft for 1,851 sqft. The unit has 3 registered sales; the first was AED 4,566,888 in December 2015.
What is the rent for unit 1001?
AED 450,000 a year on the contract signed on 30 September 2023. The previous contract, from August 2022, was AED 275,001; the unit has been rented since August 2020.
How big is unit 1001?
1,851 sqft (172.0 sqm): a three-bedroom hotel apartment on the 10th floor of a 58-storey tower completed in 2019.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Address Residence Sky View 1 sold for AED 6,000,000 to 12,800,000 in the last 12 months, around AED 4,257 per sqft.
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Mortgage on 1001, The Address Residence Sky View 1
Starts from the last sale price (AED 5.5M, 18 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 5,500,000
- Deposit, UAE resident (20%)
- AED 1,100,000
- Deposit, non-resident (40%)
- AED 2,200,000
- Monthly over 25 years at 3.7%
- AED 22,502
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →