3-bed · 2,020 sqftThe Address Residence Sky View 1, Downtown Dubai · 30th floor · completed 2019

3002, The Address Residence Sky View 1

Sold prices and rental history: sold 3 times, last in November 2014, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3002 · DLD and Ejari recordsUpdated 16 December 2023
Last soldAED 5.55M18 November 2014
Current rentAED 550K /yr16 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3002, The Address Residence Sky View 1

What is 3002 worth today?

Last sold for AED 5,550,183 in 2014

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16 Dec 2023RentedNew contract
AED 550,000/yr12 months · AED 272 per sqft
18 Nov 2014SoldOff-plan
AED 5,550,183AED 2,747 per sqft
7 Jan 2014SoldOff-plan
AED 5,285,888AED 2,617 per sqft
11 Jul 2013Sold by developerOff-plan
AED 5,285,888AED 2,617 per sqft

Source: Dubai Land Department. Updated 16 December 2023.

Key facts

Type
3-bed hotel apartment
Size
2,020 sqft
Floor
30th of 58
Parking
B2-429, B2-423
Developer
Emaar
Completed
2019
Last sold
AED 5.55M · November 2014

About 3002, The Address Residence Sky View 1

3002 is a three-bedroom hotel apartment of 2,020 sqft on the 30th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 18 November 2014 for AED 5,550,183, or AED 2,747 per sqft, 6% above the AED 2,583 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 December 2023. The current contract, signed on 16 December 2023, is AED 550,000 a year: a gross yield of 9.9% on the 2014 price.

Sales and rents for 3002 over time

Sales
Unit 3002, each saleTypical three-bed in The Address Residence Sky View 1
4M6M8M2013201720212025Typical sale price by year: 2013 AED 5,365,888; 2014 AED 5,935,476; 2015 AED 6,181,388; 2016 AED 5,602,682; 2017 AED 4,793,300; 2018 AED 6,394,559; 2019 AED 6,121,888; 2020 AED 4,300,000; 2021 AED 5,800,000; 2022 AED 6,200,000; 2023 AED 7,350,000; 2024 AED 8,600,000; 2025 AED 8,599,996; 2026 AED 8,200,000Sold by developer, July 2013: AED 5,285,888 (AED 2,617 per sqft)Sold, January 2014: AED 5,285,888 (AED 2,617 per sqft)Sold, November 2014: AED 5,550,183 (AED 2,747 per sqft)

3002 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3002, each contractTypical three-bed in The Address Residence Sky View 1
200K400K600K2020202220242026Typical rent by year: 2020 AED 225,000; 2021 AED 280,000; 2022 AED 450,000; 2023 AED 527,500; 2024 AED 537,880; 2025 AED 550,000; 2026 AED 450,000New contract, December 2023: AED 550,000 a year

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 3002 sits

All 121 3-beds →

3002 last sold in November 2014 at AED 2,747 per sqft, 6% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,583). 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. 3002's AED 550,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Jun 20268,200,000
4 May 20266,500,000
18 Mar 20266,000,000
27 Jan 202612,800,000
7 3-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
30012-bedAED 4.8M · Dec 2024
30032-bedAED 6.5M · Jan 2025
30043-bedAED 3.73M · Jan 2023
30052-bedAED 6.6M · Jul 2024
30063-bedAED 5.29M · Feb 2015
30072-bedAED 3.9M · Jun 2014

3002, The Address Residence Sky View 1 in numbers

  • Sold 3 times: first on 11 July 2013 for AED 5,285,888, last on 18 November 2014 for AED 5,550,183 (AED 2,747 per sqft).
  • Rented since December 2023 on one Ejari contract, at AED 550,000 a year.
  • At AED 550,000 a year the gross yield on the 2014 price is 9.9%.
  • 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 16 December 2023.

Questions about 3002, The Address Residence Sky View 1

What did unit 3002 last sell for?

AED 5,550,183 on 18 November 2014: AED 2,747 per sqft for 2,020 sqft. The unit has 3 registered sales; the first was AED 5,285,888 in July 2013.

What is the rent for unit 3002?

AED 550,000 a year on the contract signed on 16 December 2023.

How big is unit 3002?

2,020 sqft (187.7 sqm): a three-bedroom hotel apartment on the 30th floor of a 58-storey tower completed in 2019.

What is unit 3002 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 3002, The Address Residence Sky View 1

Starts from the last sale price (AED 5.55M, 18 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 5,550,183
Deposit, UAE resident (20%)
AED 1,110,037
Deposit, non-resident (40%)
AED 2,220,073
Monthly over 25 years at 3.7%
AED 22,708

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