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2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 37th floor · completed 2019

3705, The Address Residence Sky View 1

Sold prices and rental history: sold 4 times, last in July 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3705 · DLD and Ejari recordsUpdated 26 July 2021
Last soldAED 4.5M26 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3705, The Address Residence Sky View 1

What is 3705 worth today?

Last sold for AED 4,500,000 in 2021

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26 Jul 2021SoldReady
AED 4,500,000AED 2,648 per sqft
3 Sep 2019SoldOff-plan
AED 3,000,000AED 1,821 per sqft
23 Apr 2019SoldOff-plan
AED 3,500,000AED 2,125 per sqft
30 Sep 2013Sold by developerOff-plan
AED 4,385,888AED 2,581 per sqft

Source: Dubai Land Department. Updated 26 July 2021.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
37th of 58
Parking
B3-139
Developer
Emaar
Completed
2019
Last sold
AED 4.5M · July 2021
Building
The Address Residence Sky View 1

About 3705, The Address Residence Sky View 1

3705 is a two-bedroom hotel apartment of 1,699 sqft on the 37th 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 July 2021 for AED 4,500,000, or AED 2,648 per sqft, 39% above the AED 1,903 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3705 over time

Sales
Unit 3705, each saleTypical two-bed in The Address Residence Sky View 1
4M6M2013201720212025Typical 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, September 2013: AED 4,385,888 (AED 2,581 per sqft)Sold, April 2019: AED 3,500,000 (AED 2,125 per sqft)Sold, September 2019: AED 3,000,000 (AED 1,821 per sqft)Sold, July 2021: AED 4,500,000 (AED 2,648 per sqft)

3705 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3705, 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 300,000

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 3705 sits

All 159 2-beds →

3705 last sold in July 2021 at AED 2,648 per sqft, 39% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,903). 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.

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 →

Other units on the 37th floor

All 326 units in The Address Residence Sky View 1
Value
37012-bedAED 4.1M · Jan 2023
37023-bedAED 5.36M · Nov 2013
37032-bedAED 4.56M · Dec 2013
37043-bedAED 5.95M · Dec 2013
37063-bedAED 3.95M · Oct 2020
37072-bedAED 3.59M · Nov 2013

3705, The Address Residence Sky View 1 in numbers

  • Sold 4 times: first on 30 September 2013 for AED 4,385,888, last on 26 July 2021 for AED 4,500,000 (AED 2,648 per sqft).
  • 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 26 July 2021.

Questions about 3705, The Address Residence Sky View 1

What did unit 3705 last sell for?

AED 4,500,000 on 26 July 2021: AED 2,648 per sqft for 1,699 sqft. The unit has 4 registered sales; the first was AED 4,385,888 in September 2013.

How big is unit 3705?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 37th floor of a 58-storey tower completed in 2019.

What is unit 3705 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 3705, The Address Residence Sky View 1

Starts from the last sale price (AED 4.5M, 26 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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