4-bed · 1,269 sqftThe Address Residence Sky View 1, Downtown Dubai · 45th floor · completed 2019

4501, The Address Residence Sky View 1

Sold prices and rental history: sold 4 times, last in April 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4501 · DLD and Ejari recordsUpdated 22 April 2024
Last soldAED 3.77M22 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4501, The Address Residence Sky View 1

What is 4501 worth today?

Last sold for AED 3,765,500 in 2024

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22 Apr 2024SoldReady
AED 3,765,500AED 2,967 per sqft
1 Oct 2019SoldOff-plan
AED 3,264,738AED 1,286 per sqft
5 Aug 2019SoldOff-plan
AED 6,000,000AED 2,364 per sqft
12 Dec 2013Sold by developerOff-plan
AED 5,935,888AED 2,338 per sqft

Source: Dubai Land Department. Updated 22 April 2024.

Key facts

Type
4-bed hotel apartment
Size
1,269 sqft
Floor
45th of 58
Parking
B3-433, B3-171, B3-172
Developer
Emaar
Completed
2019
Last sold
AED 3.77M · April 2024

About 4501, The Address Residence Sky View 1

4501 is a four-bedroom hotel apartment of 1,269 sqft on the 45th 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 April 2024 for AED 3,765,500, or AED 2,967 per sqft, 32% below the AED 4,334 four-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4501 over time

Sales
Unit 4501, each saleTypical four-bed in The Address Residence Sky View 1
5M10M15M2013201620192022Typical sale price by year: 2013 AED 6,299,388; 2015 AED 12,072,388; 2016 AED 10,500,000; 2019 AED 6,868,444; 2021 AED 9,500,000; 2023 AED 13,250,000Sold by developer, December 2013: AED 5,935,888 (AED 2,338 per sqft)Sold, August 2019: AED 6,000,000 (AED 2,364 per sqft)Sold, October 2019: AED 3,264,738 (AED 1,286 per sqft)Sold, April 2024: AED 3,765,500 (AED 2,967 per sqft)

4501 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 4501, each contractTypical four-bed in The Address Residence Sky View 1
400K600K202120232025Typical rent by year: 2021 AED 350,000; 2025 AED 625,000

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

4-beds in The Address Residence Sky View 1, and where 4501 sits

All 16 4-beds →

4501 last sold in April 2024 at AED 2,967 per sqft, 32% below what four-beds in The Address Residence Sky View 1 were fetching at the time (AED 4,334). Over the last 12 months four-beds sold for AED 9,000,000, around AED 3,546 per sqft.

Recent 4-bed salesUnit no.Price (AED)Summary
8 Jan 20269,000,000
28 May 20259,500,000
1 Apr 202412,500,000
8 Dec 202311,000,000
1 4-bed sale 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
45024-bedAED 12.5M · Apr 2024
45033-bedAED 12.8M · Jan 2026
45045-bedAED 17M · Feb 2025
45053-bedAED 6.45M · Aug 2022

4501, The Address Residence Sky View 1 in numbers

  • Sold 4 times: first on 12 December 2013 for AED 5,935,888, last on 22 April 2024 for AED 3,765,500 (AED 2,967 per sqft).
  • Four-beds in The Address Residence Sky View 1 sold for AED 9,000,000–9,000,000 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 22 April 2024.

Questions about 4501, The Address Residence Sky View 1

What did unit 4501 last sell for?

AED 3,765,500 on 22 April 2024: AED 2,967 per sqft for 1,269 sqft. The unit has 4 registered sales; the first was AED 5,935,888 in December 2013.

How big is unit 4501?

1,269 sqft (117.9 sqm): a four-bedroom hotel apartment on the 45th floor of a 58-storey tower completed in 2019.

What is unit 4501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in The Address Residence Sky View 1 sold for AED 9,000,000 to 9,000,000 in the last 12 months, around AED 3,546 per sqft.

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Mortgage on 4501, The Address Residence Sky View 1

Starts from the last sale price (AED 3.77M, 22 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,765,500
Deposit, UAE resident (20%)
AED 753,100
Deposit, non-resident (40%)
AED 1,506,200
Monthly over 25 years at 3.7%
AED 15,406

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