3-bed · 1,851 sqftThe Address Residence Sky View 1, Downtown Dubai · 13th floor · completed 2019

1301, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in January 2022, and rented once, from September 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1301 · DLD and Ejari recordsUpdated 6 January 2022
Last soldAED 4.55M6 January 2022
Current rentAED 170K /yr11 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1301, The Address Residence Sky View 1

What is 1301 worth today?

Last sold for AED 4,550,000 in 2022

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6 Jan 2022SoldReady
AED 4,550,000AED 2,458 per sqft
11 Sep 2020RentedNew contract
AED 170,000/yr12 months · AED 92 per sqft
2 Dec 2013Sold by developerOff-plan
AED 4,071,888AED 2,200 per sqft

Source: Dubai Land Department. Updated 6 January 2022.

Key facts

Type
3-bed hotel apartment
Size
1,851 sqft
Floor
13th of 58
Parking
B2-356, B2-355
Developer
Emaar
Completed
2019
Last sold
AED 4.55M · January 2022

About 1301, The Address Residence Sky View 1

1301 is a three-bedroom hotel apartment of 1,851 sqft on the 13th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 6 January 2022 for AED 4,550,000, or AED 2,458 per sqft, 4% below the AED 2,550 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 September 2020. The current contract, signed on 11 September 2020, is AED 170,000 a year: a gross yield of 3.7% on the 2022 price.

Sales and rents for 1301 over time

Sales
Unit 1301, each saleTypical three-bed in The Address Residence Sky View 1
5M7.5M2013201720212025Typical sale price by year: 2013 AED 5,365,888; 2014 AED 5,935,476; 2015 AED 6,181,388; 2016 AED 5,602,682; 2017 AED 4,793,300; 2018 AED 6,394,559; 2019 AED 6,121,888; 2020 AED 4,300,000; 2021 AED 5,800,000; 2022 AED 6,200,000; 2023 AED 7,350,000; 2024 AED 8,600,000; 2025 AED 8,599,996; 2026 AED 8,200,000Sold by developer, December 2013: AED 4,071,888 (AED 2,200 per sqft)Sold, January 2022: AED 4,550,000 (AED 2,458 per sqft)

1301 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1301, each contractTypical three-bed in The Address Residence Sky View 1
200K400K600K2020202220242026Typical rent by year: 2020 AED 225,000; 2021 AED 280,000; 2022 AED 450,000; 2023 AED 527,500; 2024 AED 537,880; 2025 AED 550,000; 2026 AED 450,000New contract, September 2020: AED 170,000 a year

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 1301 sits

All 121 3-beds →

1301 last sold in January 2022 at AED 2,458 per sqft, 4% below what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,550). 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. 1301's AED 170,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Jun 20268,200,000
4 May 20266,500,000
18 Mar 20266,000,000
27 Jan 202612,800,000
7 3-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
13032-bedAED 6.08M · Jun 2024
13042-bedAED 4.25M · Jun 2015
13053-bedAED 10M · Sep 2025
13062-bedAED 4.5M · Feb 2014
13072-bedAED 5.4M · Apr 2025
13081-bedAED 2.3M · Apr 2015
13091-bedAED 2.47M · Dec 2013

1301, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 2 December 2013 for AED 4,071,888, last on 6 January 2022 for AED 4,550,000 (AED 2,458 per sqft).
  • Rented since September 2020 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2022 price is 3.7%.
  • 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 6 January 2022.

Questions about 1301, The Address Residence Sky View 1

What did unit 1301 last sell for?

AED 4,550,000 on 6 January 2022: AED 2,458 per sqft for 1,851 sqft. The unit has 2 registered sales; the first was AED 4,071,888 in December 2013.

What is the rent for unit 1301?

AED 170,000 a year on the contract signed on 11 September 2020.

How big is unit 1301?

1,851 sqft (172.0 sqm): a three-bedroom hotel apartment on the 13th floor of a 58-storey tower completed in 2019.

What is unit 1301 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 1301, The Address Residence Sky View 1

Starts from the last sale price (AED 4.55M, 6 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,550,000
Deposit, UAE resident (20%)
AED 910,000
Deposit, non-resident (40%)
AED 1,820,000
Monthly over 25 years at 3.7%
AED 18,615

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