2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 11th floor · completed 2019

1106, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in August 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 19 October 2024
Last soldAED 5.7M21 August 2023
Current rentAED 365K /yr19 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1106, The Address Residence Sky View 1

What is 1106 worth today?

Last sold for AED 5,700,000 in 2023

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19 Oct 2024RentedNew contract
AED 365,000/yr12 months · AED 215 per sqft
10 Oct 2023RentedNew contract
AED 350,000/yr12 months · AED 206 per sqft
21 Aug 2023SoldReady
AED 5,700,000AED 3,354 per sqft
28 Nov 2013Sold by developerOff-plan
AED 4,138,888AED 2,435 per sqft

Source: Dubai Land Department. Updated 19 October 2024.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
11th of 58
Parking
B3-219
Developer
Emaar
Completed
2019
Last sold
AED 5.7M · August 2023

About 1106, The Address Residence Sky View 1

1106 is a two-bedroom hotel apartment of 1,699 sqft on the 11th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 21 August 2023 for AED 5,700,000, or AED 3,354 per sqft, 12% above the AED 2,995 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 19 October 2024, is AED 365,000 a year: a gross yield of 6.4% on the 2023 price.

Sales and rents for 1106 over time

Sales
Unit 1106, each saleTypical two-bed in The Address Residence Sky View 1
4M6M2013201720212025Typical sale price by year: 2013 AED 4,066,888; 2014 AED 4,615,799; 2015 AED 4,054,888; 2016 AED 3,943,344; 2017 AED 3,532,444; 2018 AED 3,558,888; 2019 AED 3,720,000; 2020 AED 2,737,500; 2021 AED 3,275,000; 2022 AED 4,600,000; 2023 AED 5,700,000; 2024 AED 6,550,000; 2025 AED 4,950,000; 2026 AED 6,500,000Sold by developer, November 2013: AED 4,138,888 (AED 2,435 per sqft)Sold, August 2023: AED 5,700,000 (AED 3,354 per sqft)

1106 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1106, each contractTypical two-bed in The Address Residence Sky View 1
200K300K400K2020202220242026Typical rent by year: 2020 AED 160,000; 2021 AED 212,500; 2022 AED 300,000; 2023 AED 339,000; 2024 AED 364,000; 2025 AED 320,000; 2026 AED 300,000New contract, October 2023: AED 350,000 a yearNew contract, October 2024: AED 365,000 a year

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 Sky View 1, and where 1106 sits

All 159 2-beds →

1106 last sold in August 2023 at AED 3,354 per sqft, 12% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,995). Over the last 12 months two-beds sold for AED 1,800,000 to 8,525,000, around AED 3,825 per sqft, and rent for AED 190,000 to 450,000 a year. 1106's AED 365,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Oct 20265,050,000
13 Oct 20267,665,888
16 Sep 20266,800,000
10 Aug 20267,000,000
19 2-bed sales in the last 12 months

The Address Residence Sky View 1

Building

326 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%
The Address Residence Sky View 1, Downtown Dubai: prices, sales and rents →
Value
11013-bedAED 4.58M · Jan 2015
11032-bedAED 4.1M · Jan 2022
11042-bedAED 4.14M · Nov 2013
11053-bedAED 5.57M · Oct 2013
11072-bedAED 5.3M · Apr 2026
11081-bedAED 2.94M · Jan 2024
11091-bedAED 3.83M · Feb 2025

1106, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 28 November 2013 for AED 4,138,888, last on 21 August 2023 for AED 5,700,000 (AED 3,354 per sqft).
  • Rented since October 2023 on 2 Ejari contracts, from AED 350,000 to AED 365,000 a year.
  • At AED 365,000 a year the gross yield on the 2023 price is 6.4%.
  • Two-beds in The Address Residence Sky View 1 sold for AED 1,800,000–8,525,000 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 19 October 2024.

Questions about 1106, The Address Residence Sky View 1

What did unit 1106 last sell for?

AED 5,700,000 on 21 August 2023: AED 3,354 per sqft for 1,699 sqft. The unit has 2 registered sales; the first was AED 4,138,888 in November 2013.

What is the rent for unit 1106?

AED 365,000 a year on the contract signed on 19 October 2024. The previous contract, from October 2023, was AED 350,000.

How big is unit 1106?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 11th floor of a 58-storey tower completed in 2019.

What is unit 1106 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 Sky View 1 sold for AED 1,800,000 to 8,525,000 in the last 12 months, around AED 3,825 per sqft.

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Mortgage on 1106, The Address Residence Sky View 1

Starts from the last sale price (AED 5.7M, 21 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,700,000
Deposit, UAE resident (20%)
AED 1,140,000
Deposit, non-resident (40%)
AED 2,280,000
Monthly over 25 years at 3.7%
AED 23,320

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