2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 33rd floor · completed 2019

3303, The Address Residence Sky View 1

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

Unit 3303 · DLD and Ejari recordsUpdated 15 November 2023
Last soldAED 7.1M15 November 2023
Current rentAED 250K /yr24 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3303, The Address Residence Sky View 1

What is 3303 worth today?

Last sold for AED 7,100,000 in 2023

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15 Nov 2023SoldReady
AED 7,100,000AED 4,178 per sqft
24 Feb 2023RentedRenewal
AED 250,000/yr12 months · AED 147 per sqft
24 Feb 2022RentedRenewal
AED 210,000/yr12 months · AED 124 per sqft
24 Feb 2021RentedRenewal
AED 210,000/yr12 months · AED 124 per sqft
24 Feb 2020RentedNew contract
AED 230,000/yr12 months · AED 135 per sqft
12 Dec 2013Sold by developerOff-plan
AED 4,353,888AED 2,562 per sqft

Source: Dubai Land Department. Updated 15 November 2023.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
33rd of 58
Parking
B3-134
Developer
Emaar
Completed
2019
Last sold
AED 7.1M · November 2023

About 3303, The Address Residence Sky View 1

3303 is a two-bedroom hotel apartment of 1,699 sqft on the 33rd floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 15 November 2023 for AED 7,100,000, or AED 4,178 per sqft, 27% above the AED 3,296 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 24 February 2023, is AED 250,000 a year: a gross yield of 3.5% on the 2023 price.

Sales and rents for 3303 over time

Sales
Unit 3303, each saleTypical two-bed in The Address Residence Sky View 1
2M4M6M2013201720212025Typical 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, December 2013: AED 4,353,888 (AED 2,562 per sqft)Sold, November 2023: AED 7,100,000 (AED 4,178 per sqft)

3303 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3303, 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, February 2020: AED 230,000 a yearRenewal, February 2021: AED 210,000 a yearRenewal, February 2022: AED 210,000 a yearRenewal, February 2023: AED 250,000 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 3303 sits

All 159 2-beds →

3303 last sold in November 2023 at AED 4,178 per sqft, 27% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,296). 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. 3303's AED 250,000 is in the lower half 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
33012-bedAED 3.56M · Jun 2016
33023-bedAED 8M · Oct 2023
33043-bedAED 5.88M · Apr 2021
33052-bedAED 4.62M · Nov 2016
33063-bedAED 5.15M · Apr 2021
33072-bedAED 4.6M · Nov 2022

3303, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 12 December 2013 for AED 4,353,888, last on 15 November 2023 for AED 7,100,000 (AED 4,178 per sqft).
  • Rented since February 2020 on 4 Ejari contracts, from AED 230,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2023 price is 3.5%.
  • 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 15 November 2023.

Questions about 3303, The Address Residence Sky View 1

What did unit 3303 last sell for?

AED 7,100,000 on 15 November 2023: AED 4,178 per sqft for 1,699 sqft. The unit has 2 registered sales; the first was AED 4,353,888 in December 2013.

What is the rent for unit 3303?

AED 250,000 a year on the contract renewed on 24 February 2023. The previous contract, from February 2022, was AED 210,000; the unit has been rented since February 2020.

How big is unit 3303?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 33rd floor of a 58-storey tower completed in 2019.

What is unit 3303 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 3303, The Address Residence Sky View 1

Starts from the last sale price (AED 7.1M, 15 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 7,100,000
Deposit, UAE resident (20%)
AED 1,420,000
Deposit, non-resident (40%)
AED 2,840,000
Monthly over 25 years at 3.7%
AED 29,048

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