3-bed · 2,019 sqftThe Address Residence Sky View 1, Downtown Dubai · 42nd floor · completed 2019

4206, The Address Residence Sky View 1

Sold prices and rental history: sold 3 times, last in March 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4206 · DLD and Ejari recordsUpdated 5 October 2023
Last soldAED 4.86M22 March 2017
Current rentAED 510K /yr5 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4206, The Address Residence Sky View 1

What is 4206 worth today?

Last sold for AED 4,861,766 in 2017

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5 Oct 2023RentedRenewal
AED 510,000/yr12 months · AED 252 per sqft
5 Oct 2022RentedNew contract
AED 510,000/yr12 months · AED 252 per sqft
22 Mar 2017SoldOff-plan
AED 4,861,766AED 2,432 per sqft
3 Oct 2013SoldOff-plan
AED 5,838,359AED 2,891 per sqft
1 Oct 2013Sold by developerOff-plan
AED 5,405,888AED 2,677 per sqft

Source: Dubai Land Department. Updated 5 October 2023.

Key facts

Type
3-bed hotel apartment
Size
2,019 sqft
Floor
42nd of 58
Parking
B3-191, B3-377, B3-378
Developer
Emaar
Completed
2019
Last sold
AED 4.86M · March 2017

About 4206, The Address Residence Sky View 1

4206 is a three-bedroom hotel apartment of 2,019 sqft on the 42nd floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 22 March 2017 for AED 4,861,766, or AED 2,432 per sqft, 7% below the AED 2,629 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 5 October 2023, is AED 510,000 a year: a gross yield of 10.5% on the 2017 price.

Sales and rents for 4206 over time

Sales
Unit 4206, each saleTypical three-bed in The Address Residence Sky View 1
4M6M8M2013201720212025Typical sale price by year: 2013 AED 5,365,888; 2014 AED 5,935,476; 2015 AED 6,181,388; 2016 AED 5,602,682; 2017 AED 4,793,300; 2018 AED 6,394,559; 2019 AED 6,121,888; 2020 AED 4,300,000; 2021 AED 5,800,000; 2022 AED 6,200,000; 2023 AED 7,350,000; 2024 AED 8,600,000; 2025 AED 8,599,996; 2026 AED 8,200,000Sold, October 2013: AED 5,838,359 (AED 2,891 per sqft)Sold by developer, October 2013: AED 5,405,888 (AED 2,677 per sqft)Sold, March 2017: AED 4,861,766 (AED 2,432 per sqft)

4206 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4206, each contractTypical three-bed in The Address Residence Sky View 1
200K400K600K2020202220242026Typical rent by year: 2020 AED 225,000; 2021 AED 280,000; 2022 AED 450,000; 2023 AED 527,500; 2024 AED 537,880; 2025 AED 550,000; 2026 AED 450,000New contract, October 2022: AED 510,000 a yearRenewal, October 2023: AED 510,000 a year

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 4206 sits

All 121 3-beds →

4206 last sold in March 2017 at AED 2,432 per sqft, 7% below what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,629). 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. 4206's AED 510,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Jun 20268,200,000
4 May 20266,500,000
18 Mar 20266,000,000
27 Jan 202612,800,000
7 3-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
42012-bedAED 5.5M · Oct 2025
42023-bedAED 4.6M · Apr 2017
42032-bedAED 5.14M · Jun 2018
42043-bedAED 6.96M · Aug 2019
42052-bedAED 7.25M · Nov 2024
42072-bedAED 3.73M · Jan 2014

4206, The Address Residence Sky View 1 in numbers

  • Sold 3 times: first on 1 October 2013 for AED 5,405,888, last on 22 March 2017 for AED 4,861,766 (AED 2,432 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, at AED 510,000 a year.
  • At AED 510,000 a year the gross yield on the 2017 price is 10.5%.
  • 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 5 October 2023.

Questions about 4206, The Address Residence Sky View 1

What did unit 4206 last sell for?

AED 4,861,766 on 22 March 2017: AED 2,432 per sqft for 2,019 sqft. The unit has 3 registered sales; the first was AED 5,405,888 in October 2013.

What is the rent for unit 4206?

AED 510,000 a year on the contract renewed on 5 October 2023. The previous contract, from October 2022, was AED 510,000.

How big is unit 4206?

2,019 sqft (187.6 sqm): a three-bedroom hotel apartment on the 42nd floor of a 58-storey tower completed in 2019.

What is unit 4206 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 4206, The Address Residence Sky View 1

Starts from the last sale price (AED 4.86M, 22 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 4,861,766
Deposit, UAE resident (20%)
AED 972,353
Deposit, non-resident (40%)
AED 1,944,706
Monthly over 25 years at 3.7%
AED 19,891

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