1-bed · 1,157 sqftThe Address Residence Sky View 1, Downtown Dubai · 4th floor · completed 2019

409, The Address Residence Sky View 1

Sold prices and rental history: sold once, by the developer in April 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 26 April 2016
Last soldAED 2.86M26 April 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, The Address Residence Sky View 1

What is 409 worth today?

Last sold for AED 2,856,888 in 2016

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26 Apr 2016Sold by developerOff-plan
AED 2,856,888AED 2,469 per sqft

Source: Dubai Land Department. Updated 26 April 2016.

Key facts

Type
1-bed hotel apartment
Size
1,157 sqft
Floor
4th of 58
Parking
B3-112
Developer
Emaar
Completed
2019
Last sold
AED 2.86M · April 2016

About 409, The Address Residence Sky View 1

409 is a one-bedroom hotel apartment of 1,157 sqft on the 4th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 26 April 2016 for AED 2,856,888, or AED 2,469 per sqft, in line with the AED 2,474 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in The Address Residence Sky View 1
2M3M4M2013201720212025Typical sale price by year: 2013 AED 2,065,888; 2015 AED 2,859,888; 2020 AED 2,353,541; 2021 AED 1,920,000; 2022 AED 2,275,000; 2023 AED 2,400,000; 2024 AED 3,000,000; 2025 AED 3,830,000Sold by developer, April 2016: AED 2,856,888 (AED 2,469 per sqft)

409 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 409, each contractTypical one-bed in The Address Residence Sky View 1
200K2020202220242026Typical rent by year: 2020 AED 125,000; 2021 AED 140,000; 2022 AED 200,000; 2023 AED 197,500; 2024 AED 220,000; 2025 AED 237,840; 2026 AED 205,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Residence Sky View 1, and where 409 sits

All 24 1-beds →

409 last sold in April 2016 at AED 2,469 per sqft, in line with what one-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,474). Over the last 12 months one-beds sold for AED 2,800,000 to 4,100,000, around AED 3,457 per sqft, and rent for AED 110,000 to 240,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Sep 20264,100,000
6 Jan 20262,800,000
20 Nov 20254,000,000
3 Oct 20253,750,000
3 1-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
4013-bedAED 6M · Feb 2025
4032-bedAED 5.1M · Jun 2024
4042-bedAED 2.53M · Jul 2020
4053-bedAED 5.44M · Dec 2013
4062-bedAED 3.5M · Mar 2017
4072-bedAED 4.32M · Sep 2015
4081-bedAED 2.8M · Jan 2026

409, The Address Residence Sky View 1 in numbers

  • Sold once: by Emaar on 26 April 2016 for AED 2,856,888, or AED 2,469 per sqft.
  • One-beds in The Address Residence Sky View 1 sold for AED 2,800,000–4,100,000 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 April 2016.

Questions about 409, The Address Residence Sky View 1

What did unit 409 last sell for?

AED 2,856,888 on 26 April 2016, sold by the developer: AED 2,469 per sqft for 1,157 sqft. It is the only registered sale of the unit.

How big is unit 409?

1,157 sqft (107.5 sqm): a one-bedroom hotel apartment on the 4th floor of a 58-storey tower completed in 2019.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address Residence Sky View 1 sold for AED 2,800,000 to 4,100,000 in the last 12 months, around AED 3,457 per sqft.

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Mortgage on 409, The Address Residence Sky View 1

Starts from the last sale price (AED 2.86M, 26 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,856,888
Deposit, UAE resident (20%)
AED 571,378
Deposit, non-resident (40%)
AED 1,142,755
Monthly over 25 years at 3.7%
AED 11,688

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