1506, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in October 2023, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, The Address Residence Sky View 1
What is 1506 worth today?
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Source: Dubai Land Department. Updated 24 October 2023.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,699 sqft
- Floor
- 15th of 58
- Parking
- B3-445
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 6.75M · October 2023
- Building
- The Address Residence Sky View 1
About 1506, The Address Residence Sky View 1
1506 is a two-bedroom hotel apartment of 1,699 sqft on the 15th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 24 October 2023 for AED 6,750,000, or AED 3,972 per sqft, 29% above the AED 3,084 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 December 2022. The current contract, signed on 15 December 2022, is AED 600,000 a year: a gross yield of 8.9% on the 2023 price.
Sales and rents for 1506 over time
1506 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 1506 sits
All 159 2-beds →1506 last sold in October 2023 at AED 3,972 per sqft, 29% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,084). 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. 1506's AED 600,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 1,543 sqft | 5,050,000 | 3,271 | ||
| 13 Oct 202613 October 2026 | 1,699 sqft | 7,665,888 | 4,511 | ||
| 16 Sep 202616 September 2026 | 1,699 sqft | 6,800,000 | 4,002 | ||
| 10 Aug 202610 August 2026 | 1,699 sqft | 7,000,000 | 4,119 |
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 | |||||
|---|---|---|---|---|---|
| 1501 | 3-bed | 1,851 sqft | AED 4.08MAED 4,083,880 · Dec 2013December 2013 | 400,000 /yr | |
| 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 | ||
| 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 |
1506, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 2 December 2013 for AED 4,186,888, last on 24 October 2023 for AED 6,750,000 (AED 3,972 per sqft).
- Rented since December 2022 on one Ejari contract, at AED 600,000 a year.
- At AED 600,000 a year the gross yield on the 2023 price is 8.9%.
- 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 24 October 2023.
Questions about 1506, The Address Residence Sky View 1
What did unit 1506 last sell for?
AED 6,750,000 on 24 October 2023: AED 3,972 per sqft for 1,699 sqft. The unit has 3 registered sales; the first was AED 4,186,888 in December 2013.
What is the rent for unit 1506?
AED 600,000 a year on the contract signed on 15 December 2022.
How big is unit 1506?
1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 15th floor of a 58-storey tower completed in 2019.
What is unit 1506 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 1506, The Address Residence Sky View 1
Starts from the last sale price (AED 6.75M, 24 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 6,750,000
- Deposit, UAE resident (20%)
- AED 1,350,000
- Deposit, non-resident (40%)
- AED 2,700,000
- Monthly over 25 years at 3.7%
- AED 27,616
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →