3-bed · 2,019 sqftThe Address Residence Sky View 1, Downtown Dubai · 33rd floor · completed 2019

3306, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in April 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3306 · DLD and Ejari recordsUpdated 11 June 2022
Last soldAED 5.15M26 April 2021
Current rentAED 70K /yr11 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3306, The Address Residence Sky View 1

What is 3306 worth today?

Last sold for AED 5,150,000 in 2021

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11 Jun 2022RentedRenewal
AED 70,000/yr12 months · AED 35 per sqft
9 Jun 2021RentedNew contract
AED 70,000/yr12 months · AED 35 per sqft
26 Apr 2021SoldReady
AED 5,150,000AED 2,550 per sqft
12 Dec 2013Sold by developerOff-plan
AED 5,315,888AED 2,632 per sqft

Source: Dubai Land Department. Updated 11 June 2022.

Key facts

Type
3-bed hotel apartment
Size
2,019 sqft
Floor
33rd of 58
Parking
B2-15, B2-195
Developer
Emaar
Completed
2019
Last sold
AED 5.15M · April 2021

About 3306, The Address Residence Sky View 1

3306 is a three-bedroom hotel apartment of 2,019 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 26 April 2021 for AED 5,150,000, or AED 2,550 per sqft, 23% above the AED 2,069 three-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 11 June 2022, is AED 70,000 a year: a gross yield of 1.4% on the 2021 price.

Sales and rents for 3306 over time

Sales
Unit 3306, 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, December 2013: AED 5,315,888 (AED 2,632 per sqft)Sold, April 2021: AED 5,150,000 (AED 2,550 per sqft)

3306 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3306, each contractTypical three-bed in The Address Residence Sky View 1
0250K500K2020202220242026Typical 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, June 2021: AED 70,000 a yearRenewal, June 2022: AED 70,000 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 3306 sits

All 121 3-beds →

3306 last sold in April 2021 at AED 2,550 per sqft, 23% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,069). 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. 3306's AED 70,000 is at the bottom 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
33012-bedAED 3.56M · Jun 2016
33023-bedAED 8M · Oct 2023
33032-bedAED 7.1M · Nov 2023
33043-bedAED 5.88M · Apr 2021
33052-bedAED 4.62M · Nov 2016
33072-bedAED 4.6M · Nov 2022

3306, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 12 December 2013 for AED 5,315,888, last on 26 April 2021 for AED 5,150,000 (AED 2,550 per sqft).
  • Rented since June 2021 on 2 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2021 price is 1.4%.
  • 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 11 June 2022.

Questions about 3306, The Address Residence Sky View 1

What did unit 3306 last sell for?

AED 5,150,000 on 26 April 2021: AED 2,550 per sqft for 2,019 sqft. The unit has 2 registered sales; the first was AED 5,315,888 in December 2013.

What is the rent for unit 3306?

AED 70,000 a year on the contract renewed on 11 June 2022. The previous contract, from June 2021, was AED 70,000.

How big is unit 3306?

2,019 sqft (187.6 sqm): a three-bedroom hotel apartment on the 33rd floor of a 58-storey tower completed in 2019.

What is unit 3306 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 3306, The Address Residence Sky View 1

Starts from the last sale price (AED 5.15M, 26 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 5,150,000
Deposit, UAE resident (20%)
AED 1,030,000
Deposit, non-resident (40%)
AED 2,060,000
Monthly over 25 years at 3.7%
AED 21,070

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