4005, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4005, The Address Residence Sky View 1
What is 4005 worth today?
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Source: Dubai Land Department. Updated 1 February 2026.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,699 sqft
- Floor
- 40th of 58
- Parking
- B3-141
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 4.7M · February 2014
- Building
- The Address Residence Sky View 1
About 4005, The Address Residence Sky View 1
4005 is a two-bedroom hotel apartment of 1,699 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 23 February 2014 for AED 4,696,531, or AED 2,764 per sqft, 12% above the AED 2,467 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 1 February 2026, is AED 450,000 a year: a gross yield of 9.6% on the 2014 price.
Sales and rents for 4005 over time
4005 has sold twice; the dashed line is the two-bed median of each year in the building.
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 4005 sits
All 159 2-beds →4005 last sold in February 2014 at AED 2,764 per sqft, 12% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,467). 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. 4005's AED 450,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 1,543 sqft | 5,050,000 | 3,271 | ||
| 13 Oct 202613 October 2026 | 1,699 sqft | 7,665,888 | 4,511 | ||
| 16 Sep 202616 September 2026 | 1,699 sqft | 6,800,000 | 4,002 | ||
| 10 Aug 202610 August 2026 | 1,699 sqft | 7,000,000 | 4,119 |
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 | |
| 4002 | 3-bed | 2,020 sqft | AED 3.75MAED 3,750,000 · Sep 2020September 2020 | 600,000 /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 | |
| 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 |
4005, The Address Residence Sky View 1 in numbers
- Sold twice: first on 21 May 2013 for AED 4,409,888, last on 23 February 2014 for AED 4,696,531 (AED 2,764 per sqft).
- Rented since August 2021 on 6 Ejari contracts, from AED 260,000 to AED 450,000 a year.
- At AED 450,000 a year the gross yield on the 2014 price is 9.6%.
- 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 1 February 2026.
Questions about 4005, The Address Residence Sky View 1
What did unit 4005 last sell for?
AED 4,696,531 on 23 February 2014: AED 2,764 per sqft for 1,699 sqft. The unit has 2 registered sales; the first was AED 4,409,888 in May 2013.
What is the rent for unit 4005?
AED 450,000 a year on the contract renewed on 1 February 2026. The previous contract, from February 2025, was AED 430,000; the unit has been rented since August 2021.
How big is unit 4005?
1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 40th floor of a 58-storey tower completed in 2019.
What is unit 4005 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 4005, The Address Residence Sky View 1
Starts from the last sale price (AED 4.7M, 23 February 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 4,696,531
- Deposit, UAE resident (20%)
- AED 939,306
- Deposit, non-resident (40%)
- AED 1,878,612
- Monthly over 25 years at 3.7%
- AED 19,215
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →