2-bed · 849 sqftThe Address Residence Sky View 1, Downtown Dubai · 13th floor · completed 2019

1304, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in June 2015, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 17 August 2024
Last soldAED 4.25M21 June 2015
Current rentAED 400K /yr17 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1304, The Address Residence Sky View 1

What is 1304 worth today?

Last sold for AED 4,246,145 in 2015

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17 Aug 2024RentedRenewal
AED 400,000/yr12 months · AED 237 per sqft
17 Aug 2023RentedNew contract
AED 400,000/yr12 months · AED 235 per sqft
10 Aug 2022RentedNew contract
AED 410,000/yr12 months · AED 241 per sqft
14 Jul 2021RentedNew contract
AED 195,000/yr12 months · AED 115 per sqft
21 Jun 2015SoldOff-plan
AED 4,246,145AED 2,578 per sqft
2 Dec 2013Sold by developerOff-plan
AED 4,162,888AED 2,449 per sqft

Source: Dubai Land Department. Updated 17 August 2024.

Key facts

Type
2-bed hotel apartment
Size
849 sqft
Floor
13th of 58
Parking
B3-222
Developer
Emaar
Completed
2019
Last sold
AED 4.25M · June 2015

About 1304, The Address Residence Sky View 1

1304 is a two-bedroom hotel apartment of 849 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 21 June 2015 for AED 4,246,145, or AED 2,578 per sqft, 3% below the AED 2,659 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 17 August 2024, is AED 400,000 a year: a gross yield of 9.4% on the 2015 price.

Sales and rents for 1304 over time

Sales
Unit 1304, 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, December 2013: AED 4,162,888 (AED 2,449 per sqft)Sold, June 2015: AED 4,246,145 (AED 2,578 per sqft)

1304 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1304, each contractTypical two-bed in The Address Residence Sky View 1
200K400K2020202220242026Typical 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, July 2021: AED 195,000 a yearNew contract, August 2022: AED 410,000 a yearNew contract, August 2023: AED 400,000 a yearRenewal, August 2024: AED 400,000 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 1304 sits

All 159 2-beds →

1304 last sold in June 2015 at AED 2,578 per sqft, 3% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,659). 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. 1304's AED 400,000 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
13013-bedAED 4.55M · Jan 2022
13032-bedAED 6.08M · Jun 2024
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

1304, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 2 December 2013 for AED 4,162,888, last on 21 June 2015 for AED 4,246,145 (AED 2,578 per sqft).
  • Rented since July 2021 on 4 Ejari contracts, from AED 195,000 to AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2015 price is 9.4%.
  • 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 17 August 2024.

Questions about 1304, The Address Residence Sky View 1

What did unit 1304 last sell for?

AED 4,246,145 on 21 June 2015: AED 2,578 per sqft for 849 sqft. The unit has 2 registered sales; the first was AED 4,162,888 in December 2013.

What is the rent for unit 1304?

AED 400,000 a year on the contract renewed on 17 August 2024. The previous contract, from August 2023, was AED 400,000; the unit has been rented since July 2021.

How big is unit 1304?

849 sqft (78.9 sqm): a two-bedroom hotel apartment on the 13th floor of a 58-storey tower completed in 2019.

What is unit 1304 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 1304, The Address Residence Sky View 1

Starts from the last sale price (AED 4.25M, 21 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,246,145
Deposit, UAE resident (20%)
AED 849,229
Deposit, non-resident (40%)
AED 1,698,458
Monthly over 25 years at 3.7%
AED 17,372

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