2-bed · 1,647 sqftThe Address Residence Sky View 1, Downtown Dubai · 12th floor · completed 2019

1206, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in May 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1206 · DLD and Ejari recordsUpdated 4 May 2016
Last soldAED 3.94M4 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1206, The Address Residence Sky View 1

What is 1206 worth today?

Last sold for AED 3,943,344 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

4 May 2016SoldOff-plan
AED 3,943,344AED 2,394 per sqft
7 Oct 2013Sold by developerOff-plan
AED 4,150,888AED 2,442 per sqft

Source: Dubai Land Department. Updated 4 May 2016.

Key facts

Type
2-bed hotel apartment
Size
1,647 sqft
Floor
12th of 58
Parking
B3-221
Developer
Emaar
Completed
2019
Last sold
AED 3.94M · May 2016

About 1206, The Address Residence Sky View 1

1206 is a two-bedroom hotel apartment of 1,647 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 4 May 2016 for AED 3,943,344, or AED 2,394 per sqft, 9% below the AED 2,629 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1206 over time

Sales
Unit 1206, 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, October 2013: AED 4,150,888 (AED 2,442 per sqft)Sold, May 2016: AED 3,943,344 (AED 2,394 per sqft)

1206 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1206, 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 1206 sits

All 159 2-beds →

1206 last sold in May 2016 at AED 2,394 per sqft, 9% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,629). 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 →
Value
12013-bedAED 4.07M · Dec 2013
12032-bedAED 3.9M · Oct 2013
12042-bedAED 1.8M · Apr 2026
12053-bedAED 5.59M · Dec 2015
12072-bedAED 3.82M · Dec 2013
12081-bedAED 3M · Feb 2024
12091-bedAED 3.1M · Mar 2023

1206, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 7 October 2013 for AED 4,150,888, last on 4 May 2016 for AED 3,943,344 (AED 2,394 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 4 May 2016.

Questions about 1206, The Address Residence Sky View 1

What did unit 1206 last sell for?

AED 3,943,344 on 4 May 2016: AED 2,394 per sqft for 1,647 sqft. The unit has 2 registered sales; the first was AED 4,150,888 in October 2013.

How big is unit 1206?

1,647 sqft (153.0 sqm): a two-bedroom hotel apartment on the 12th floor of a 58-storey tower completed in 2019.

What is unit 1206 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.

Selling 1206? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1206, The Address Residence Sky View 1

Starts from the last sale price (AED 3.94M, 4 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,943,344
Deposit, UAE resident (20%)
AED 788,669
Deposit, non-resident (40%)
AED 1,577,338
Monthly over 25 years at 3.7%
AED 16,133

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