406, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in March 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, The Address Residence Sky View 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 13 October 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,647 sqft
- Floor
- 4th of 58
- Parking
- B3-215
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3.5M · March 2017
- Building
- The Address Residence Sky View 1
About 406, The Address Residence Sky View 1
406 is a two-bedroom hotel apartment of 1,647 sqft on the 4th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 27 March 2017 for AED 3,500,000, or AED 2,125 per sqft, 16% below the AED 2,535 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 13 October 2024, is AED 450,000 a year: a gross yield of 12.9% on the 2017 price.
Sales and rents for 406 over time
406 has sold 3 times; 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 406 sits
All 159 2-beds →406 last sold in March 2017 at AED 2,125 per sqft, 16% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,535). 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. 406'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 4th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 1,851 sqft | AED 6MAED 6,000,000 · Feb 2025February 2025 | ||
| 403 | 2-bed | 1,519 sqft | AED 5.1MAED 5,100,000 · Jun 2024June 2024 | 275,000 /yr | |
| 404 | 2-bed | 1,699 sqft | AED 2.53MAED 2,525,000 · Jul 2020July 2020 | 340,000 /yr | |
| 405 | 3-bed | 2,428 sqft | AED 5.44MAED 5,443,888 · Dec 2013December 2013 | ||
| 407 | 2-bed | 1,486 sqft | AED 4.32MAED 4,322,888 · Sep 2015September 2015 | ||
| 408 | 1-bed | 872 sqft | AED 2.8MAED 2,800,000 · Jan 2026January 2026 | ||
| 409 | 1-bed | 1,157 sqft | AED 2.86MAED 2,856,888 · Apr 2016April 2016 |
406, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 2 December 2013 for AED 4,054,888, last on 27 March 2017 for AED 3,500,000 (AED 2,125 per sqft).
- Rented since May 2020 on 5 Ejari contracts, from AED 175,000 to AED 450,000 a year.
- At AED 450,000 a year the gross yield on the 2017 price is 12.9%.
- 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 13 October 2024.
Questions about 406, The Address Residence Sky View 1
What did unit 406 last sell for?
AED 3,500,000 on 27 March 2017: AED 2,125 per sqft for 1,647 sqft. The unit has 3 registered sales; the first was AED 4,054,888 in December 2013.
What is the rent for unit 406?
AED 450,000 a year on the contract renewed on 13 October 2024. The previous contract, from October 2023, was AED 420,000; the unit has been rented since May 2020.
How big is unit 406?
1,647 sqft (153.0 sqm): a two-bedroom hotel apartment on the 4th floor of a 58-storey tower completed in 2019.
What is unit 406 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 406, The Address Residence Sky View 1
Starts from the last sale price (AED 3.5M, 27 March 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →