1401, The Address Residence Sky View 1
Sold prices and rental history: sold 4 times, last in May 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1401, The Address Residence Sky View 1
What is 1401 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 1,851 sqft
- Floor
- 14th of 58
- Parking
- B2-236, B2-235
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 4M · May 2023
- Building
- The Address Residence Sky View 1
About 1401, The Address Residence Sky View 1
1401 is a three-bedroom hotel apartment of 1,851 sqft on the 14th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 26 May 2023 for AED 4,000,000, or AED 2,161 per sqft, 29% below the AED 3,044 three-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 September 2024, is AED 400,000 a year: a gross yield of 10.0% on the 2023 price.
Sales and rents for 1401 over time
1401 has sold 4 times; the dashed line is the three-bed median of each year in the building.
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 1401 sits
All 121 3-beds →1401 last sold in May 2023 at AED 2,161 per sqft, 29% below what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,044). 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. 1401's AED 400,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jun 20263 June 2026 | 2,020 sqft | 8,200,000 | 4,059 | ||
| 4 May 20264 May 2026 | 2,020 sqft | 6,500,000 | 3,218 | ||
| 18 Mar 202618 March 2026 | 2,134 sqft | 6,000,000 | 2,811 | ||
| 27 Jan 202627 January 2026 | 2,428 sqft | 12,800,000 | 5,272 |
The Address Residence Sky View 1
Building326 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%
Other units on the 14th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1403 | 2-bed | 1,519 sqft | AED 3.84MAED 3,842,888 · Dec 2013December 2013 | ||
| 1404 | 2-bed | 1,647 sqft | AED 4.17MAED 4,174,888 · Jul 2016July 2016 | 340,000 /yr | |
| 1405 | 3-bed | 2,428 sqft | AED 7.28MAED 7,280,000 · Jan 2023January 2023 | 50,000 /yr | |
| 1406 | 2-bed | 1,699 sqft | AED 4.17MAED 4,174,888 · Dec 2013December 2013 | ||
| 1407 | 2-bed | 1,518 sqft | AED 3.84MAED 3,842,888 · Jan 2015January 2015 | 300,000 /yr | |
| 1408 | 1-bed | 872 sqft | AED 2.4MAED 2,403,888 · Feb 2019February 2019 | 182,500 /yr | |
| 1409 | 1-bed | 1,157 sqft | AED 4.1MAED 4,100,000 · Sep 2026September 2026 | 220,000 /yr |
1401, The Address Residence Sky View 1 in numbers
- Sold 4 times: first on 2 December 2013 for AED 4,077,888, last on 26 May 2023 for AED 4,000,000 (AED 2,161 per sqft).
- Rented since August 2023 on 2 Ejari contracts, from AED 438,000 to AED 400,000 a year.
- At AED 400,000 a year the gross yield on the 2023 price is 10.0%.
- 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 1 September 2024.
Questions about 1401, The Address Residence Sky View 1
What did unit 1401 last sell for?
AED 4,000,000 on 26 May 2023: AED 2,161 per sqft for 1,851 sqft. The unit has 4 registered sales; the first was AED 4,077,888 in December 2013.
What is the rent for unit 1401?
AED 400,000 a year on the contract signed on 1 September 2024. The previous contract, from August 2023, was AED 438,000.
How big is unit 1401?
1,851 sqft (172.0 sqm): a three-bedroom hotel apartment on the 14th floor of a 58-storey tower completed in 2019.
What is unit 1401 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 1401, The Address Residence Sky View 1
Starts from the last sale price (AED 4M, 26 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,000,000
- Deposit, UAE resident (20%)
- AED 800,000
- Deposit, non-resident (40%)
- AED 1,600,000
- Monthly over 25 years at 3.7%
- AED 16,365
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →