2506, The Address Residence Sky View 1
Sold prices and rental history: sold 4 times, last in May 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2506, The Address Residence Sky View 1
What is 2506 worth today?
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Source: Dubai Land Department. Updated 15 July 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,019 sqft
- Floor
- 25th of 58
- Parking
- B2-120, B2-119
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 7M · May 2022
- Building
- The Address Residence Sky View 1
About 2506, The Address Residence Sky View 1
2506 is a three-bedroom hotel apartment of 2,019 sqft on the 25th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 23 May 2022 for AED 7,000,000, or AED 3,467 per sqft, 29% above the AED 2,698 three-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 15 July 2024, is AED 500,000 a year: a gross yield of 7.1% on the 2022 price.
Sales and rents for 2506 over time
2506 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 2506 sits
All 121 3-beds →2506 last sold in May 2022 at AED 3,467 per sqft, 29% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,698). 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. 2506's AED 500,000 is in the upper 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 25th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2501 | 2-bed | 1,329 sqft | AED 4.1MAED 4,100,000 · Mar 2023March 2023 | 209,700 /yr | |
| 2502 | 3-bed | 2,020 sqft | AED 3.7MAED 3,700,000 · Feb 2020February 2020 | 480,000 /yr | |
| 2503 | 2-bed | 1,699 sqft | AED 4.78MAED 4,783,225 · Jun 2014June 2014 | 222,000 /yr | |
| 2504 | 3-bed | 2,427 sqft | AED 10MAED 10,000,000 · Oct 2024October 2024 | 220,000 /yr | |
| 2505 | 2-bed | 1,647 sqft | AED 4.63MAED 4,633,080 · Apr 2014April 2014 | ||
| 2507 | 2-bed | 1,543 sqft | AED 3.85MAED 3,850,000 · Oct 2022October 2022 |
2506, The Address Residence Sky View 1 in numbers
- Sold 4 times: first on 28 November 2013 for AED 5,235,888, last on 23 May 2022 for AED 7,000,000 (AED 3,467 per sqft).
- Rented since July 2023 on 2 Ejari contracts, at AED 500,000 a year.
- At AED 500,000 a year the gross yield on the 2022 price is 7.1%.
- 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 15 July 2024.
Questions about 2506, The Address Residence Sky View 1
What did unit 2506 last sell for?
AED 7,000,000 on 23 May 2022: AED 3,467 per sqft for 2,019 sqft. The unit has 4 registered sales; the first was AED 5,235,888 in November 2013.
What is the rent for unit 2506?
AED 500,000 a year on the contract renewed on 15 July 2024. The previous contract, from July 2023, was AED 500,000.
How big is unit 2506?
2,019 sqft (187.6 sqm): a three-bedroom hotel apartment on the 25th floor of a 58-storey tower completed in 2019.
What is unit 2506 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 2506, The Address Residence Sky View 1
Starts from the last sale price (AED 7M, 23 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 7,000,000
- Deposit, UAE resident (20%)
- AED 1,400,000
- Deposit, non-resident (40%)
- AED 2,800,000
- Monthly over 25 years at 3.7%
- AED 28,639
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →