4002, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in September 2020, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4002, The Address Residence Sky View 1
What is 4002 worth today?
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Source: Dubai Land Department. Updated 1 September 2025.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,020 sqft
- Floor
- 40th of 58
- Parking
- B2-239, B2-368, B2-369
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3.75M · September 2020
- Building
- The Address Residence Sky View 1
About 4002, The Address Residence Sky View 1
4002 is a three-bedroom hotel apartment of 2,020 sqft on the 40th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 10 September 2020 for AED 3,750,000, or AED 1,856 per sqft, 5% above the AED 1,771 three-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 1 September 2025, is AED 600,000 a year: a gross yield of 16.0% on the 2020 price.
Sales and rents for 4002 over time
4002 has sold twice; 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 4002 sits
All 121 3-beds →4002 last sold in September 2020 at AED 1,856 per sqft, 5% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,771). 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. 4002's AED 600,000 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 40th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4001 | 2-bed | 1,329 sqft | AED 5.2MAED 5,200,000 · Jan 2024January 2024 | 172,000 /yr | |
| 4003 | 2-bed | 1,699 sqft | AED 6MAED 6,000,000 · Sep 2025September 2025 | 441,265 /yr | |
| 4004 | 3-bed | 2,427 sqft | AED 7.9MAED 7,900,000 · Aug 2022August 2022 | 500,000 /yr | |
| 4005 | 2-bed | 1,699 sqft | AED 4.7MAED 4,696,531 · Feb 2014February 2014 | 450,000 /yr | |
| 4006 | 3-bed | 2,019 sqft | AED 6.85MAED 6,850,000 · Feb 2023February 2023 | 530,000 /yr | |
| 4007 | 2-bed | 1,543 sqft | AED 5.13MAED 5,125,000 · Feb 2024February 2024 | 280,000 /yr |
4002, The Address Residence Sky View 1 in numbers
- Sold twice: first on 2 December 2013 for AED 5,385,888, last on 10 September 2020 for AED 3,750,000 (AED 1,856 per sqft).
- Rented since October 2023 on 5 Ejari contracts, from AED 550,000 to AED 600,000 a year.
- At AED 600,000 a year the gross yield on the 2020 price is 16.0%.
- 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 1 September 2025.
Questions about 4002, The Address Residence Sky View 1
What did unit 4002 last sell for?
AED 3,750,000 on 10 September 2020: AED 1,856 per sqft for 2,020 sqft. The unit has 2 registered sales; the first was AED 5,385,888 in December 2013.
What is the rent for unit 4002?
AED 600,000 a year on the contract renewed on 1 September 2025. The previous contract, from September 2025, was AED 600,000; the unit has been rented since October 2023.
How big is unit 4002?
2,020 sqft (187.7 sqm): a three-bedroom hotel apartment on the 40th floor of a 58-storey tower completed in 2019.
What is unit 4002 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 4002, The Address Residence Sky View 1
Starts from the last sale price (AED 3.75M, 10 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 3,750,000
- Deposit, UAE resident (20%)
- AED 750,000
- Deposit, non-resident (40%)
- AED 1,500,000
- Monthly over 25 years at 3.7%
- AED 15,342
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →