1501, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, The Address Residence Sky View 1
What is 1501 worth today?
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Source: Dubai Land Department. Updated 11 September 2026.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 1,851 sqft
- Floor
- 15th of 58
- Parking
- B2-450, B2-449
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 4.08M · December 2013
- Building
- The Address Residence Sky View 1
About 1501, The Address Residence Sky View 1
1501 is a three-bedroom hotel apartment of 1,851 sqft on the 15th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 2 December 2013 for AED 4,083,880, or AED 2,206 per sqft, 14% below the AED 2,568 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 11 September 2026, is AED 400,000 a year: a gross yield of 9.8% on the 2013 price.
Sales and rents for 1501 over time
1501 has sold once; 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 1501 sits
All 121 3-beds →1501 last sold in December 2013 at AED 2,206 per sqft, 14% below what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,568). 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. 1501'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 15th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1503 | 2-bed | 1,519 sqft | AED 5.3MAED 5,300,000 · Feb 2024February 2024 | ||
| 1504 | 2-bed | 1,699 sqft | AED 6.2MAED 6,200,000 · Jun 2025June 2025 | 345,000 /yr | |
| 1505 | 3-bed | 2,428 sqft | AED 6MAED 6,000,000 · Nov 2021November 2021 | ||
| 1506 | 2-bed | 1,699 sqft | AED 6.75MAED 6,750,000 · Oct 2023October 2023 | 600,000 /yr | |
| 1507 | 2-bed | 1,486 sqft | AED 4.28MAED 4,278,926 · May 2015May 2015 | ||
| 1508 | 1-bed | 872 sqft | AED 2.28MAED 2,275,000 · Oct 2022October 2022 | 105,000 /yr | |
| 1509 | 1-bed | 1,157 sqft | No registered sale | 240,000 /yr |
1501, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 2 December 2013 for AED 4,083,880, or AED 2,206 per sqft.
- Rented since September 2020 on 5 Ejari contracts, from AED 160,000 to AED 400,000 a year.
- At AED 400,000 a year the gross yield on the 2013 price is 9.8%.
- 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 11 September 2026.
Questions about 1501, The Address Residence Sky View 1
What did unit 1501 last sell for?
AED 4,083,880 on 2 December 2013, sold by the developer: AED 2,206 per sqft for 1,851 sqft. It is the only registered sale of the unit.
What is the rent for unit 1501?
AED 400,000 a year on the contract signed on 11 September 2026. The previous contract, from September 2024, was AED 405,000; the unit has been rented since September 2020.
How big is unit 1501?
1,851 sqft (172.0 sqm): a three-bedroom hotel apartment on the 15th floor of a 58-storey tower completed in 2019.
What is unit 1501 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 1501, The Address Residence Sky View 1
Starts from the last sale price (AED 4.08M, 2 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 4,083,880
- Deposit, UAE resident (20%)
- AED 816,776
- Deposit, non-resident (40%)
- AED 1,633,552
- Monthly over 25 years at 3.7%
- AED 16,708
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →