2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 18th floor · completed 2019

1805, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in September 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1805 · DLD and Ejari recordsUpdated 14 September 2023
Last soldAED 7.5M14 September 2023
Current rentAED 160K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1805, The Address Residence Sky View 1

What is 1805 worth today?

Last sold for AED 7,500,000 in 2023

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14 Sep 2023SoldReady
AED 7,500,000AED 4,414 per sqft
1 Sep 2021RentedRenewal
AED 160,000/yr9 months · AED 95 per sqft
1 Sep 2020RentedNew contract
AED 160,000/yr12 months · AED 95 per sqft
4 Jun 2013Sold by developerOff-plan
AED 4,233,888AED 2,492 per sqft

Source: Dubai Land Department. Updated 14 September 2023.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
18th of 58
Parking
B3-447
Developer
Emaar
Completed
2019
Last sold
AED 7.5M · September 2023

About 1805, The Address Residence Sky View 1

1805 is a two-bedroom hotel apartment of 1,699 sqft on the 18th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 14 September 2023 for AED 7,500,000, or AED 4,414 per sqft, 45% above the AED 3,047 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 September 2021, is AED 160,000 a year: a gross yield of 2.1% on the 2023 price.

Sales and rents for 1805 over time

Sales
Unit 1805, each saleTypical two-bed in The Address Residence Sky View 1
2.5M5M7.5M2013201720212025Typical 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, June 2013: AED 4,233,888 (AED 2,492 per sqft)Sold, September 2023: AED 7,500,000 (AED 4,414 per sqft)

1805 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1805, each contractTypical two-bed in The Address Residence Sky View 1
200K300K400K2020202220242026Typical 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, September 2020: AED 160,000 a yearRenewal, September 2021: AED 160,000 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 1805 sits

All 159 2-beds →

1805 last sold in September 2023 at AED 4,414 per sqft, 45% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,047). 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. 1805's AED 160,000 is at the bottom 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
18012-bedAED 3.46M · Aug 2015
18023-bedAED 8.08M · Feb 2025
18032-bedAED 6.1M · Dec 2022
18043-bedAED 8.7M · Dec 2022
18063-bedAED 5.17M · Aug 2021
18072-bedAED 3.47M · Dec 2013

1805, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 4 June 2013 for AED 4,233,888, last on 14 September 2023 for AED 7,500,000 (AED 4,414 per sqft).
  • Rented since September 2020 on 2 Ejari contracts, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2023 price is 2.1%.
  • 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 14 September 2023.

Questions about 1805, The Address Residence Sky View 1

What did unit 1805 last sell for?

AED 7,500,000 on 14 September 2023: AED 4,414 per sqft for 1,699 sqft. The unit has 2 registered sales; the first was AED 4,233,888 in June 2013.

What is the rent for unit 1805?

AED 160,000 a year on the contract renewed on 1 September 2021. The previous contract, from September 2020, was AED 160,000.

How big is unit 1805?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 18th floor of a 58-storey tower completed in 2019.

What is unit 1805 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 1805, The Address Residence Sky View 1

Starts from the last sale price (AED 7.5M, 14 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 7,500,000
Deposit, UAE resident (20%)
AED 1,500,000
Deposit, non-resident (40%)
AED 3,000,000
Monthly over 25 years at 3.7%
AED 30,685

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