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2-bed · 1,519 sqftThe Address Residence Sky View 1, Downtown Dubai · 12th floor · completed 2019

1203, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in October 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 23 October 2013
Last soldAED 3.9M23 October 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, The Address Residence Sky View 1

What is 1203 worth today?

Last sold for AED 3,900,000 in 2013

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23 Oct 2013SoldOff-plan
AED 3,900,000AED 2,567 per sqft
2 Oct 2013Sold by developerOff-plan
AED 3,818,888AED 2,514 per sqft

Source: Dubai Land Department. Updated 23 October 2013.

Key facts

Type
2-bed hotel apartment
Size
1,519 sqft
Floor
12th of 58
Parking
B3-15
Developer
Emaar
Completed
2019
Last sold
AED 3.9M · October 2013
Building
The Address Residence Sky View 1

About 1203, The Address Residence Sky View 1

1203 is a two-bedroom hotel apartment of 1,519 sqft on the 12th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 23 October 2013 for AED 3,900,000, or AED 2,567 per sqft, in line with the AED 2,514 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1203 over time

Sales
Unit 1203, 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, October 2013: AED 3,900,000 (AED 2,567 per sqft)Sold by developer, October 2013: AED 3,818,888 (AED 2,514 per sqft)

1203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1203, 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 300,000

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 1203 sits

All 159 2-beds →

1203 last sold in October 2013 at AED 2,567 per sqft, in line with what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,514). 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.

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 →

Other units on the 12th floor

All 326 units in The Address Residence Sky View 1
Value
12013-bedAED 4.07M · Dec 2013
12042-bedAED 1.8M · Apr 2026
12053-bedAED 5.59M · Dec 2015
12062-bedAED 3.94M · May 2016
12072-bedAED 3.82M · Dec 2013
12081-bedAED 3M · Feb 2024
12091-bedAED 3.1M · Mar 2023

1203, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 2 October 2013 for AED 3,818,888, last on 23 October 2013 for AED 3,900,000 (AED 2,567 per sqft).
  • 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 23 October 2013.

Questions about 1203, The Address Residence Sky View 1

What did unit 1203 last sell for?

AED 3,900,000 on 23 October 2013: AED 2,567 per sqft for 1,519 sqft. The unit has 2 registered sales; the first was AED 3,818,888 in October 2013.

How big is unit 1203?

1,519 sqft (141.1 sqm): a two-bedroom hotel apartment on the 12th floor of a 58-storey tower completed in 2019.

What is unit 1203 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 1203, The Address Residence Sky View 1

Starts from the last sale price (AED 3.9M, 23 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,900,000
Deposit, UAE resident (20%)
AED 780,000
Deposit, non-resident (40%)
AED 1,560,000
Monthly over 25 years at 3.7%
AED 15,956

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