4505, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in August 2022, and rented once, from January 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4505, The Address Residence Sky View 1
What is 4505 worth today?
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Source: Dubai Land Department. Updated 23 August 2022.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,134 sqft
- Floor
- 45th of 58
- Parking
- B2-247, B2-229, B2-230
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 6.45M · August 2022
- Building
- The Address Residence Sky View 1
About 4505, The Address Residence Sky View 1
4505 is a three-bedroom hotel apartment of 2,134 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 23 August 2022 for AED 6,450,000, or AED 3,022 per sqft, in line with the AED 2,968 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 27 January 2022. The current contract, signed on 27 January 2022, is AED 400,000 a year: a gross yield of 6.2% on the 2022 price.
Sales and rents for 4505 over time
4505 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 4505 sits
All 121 3-beds →4505 last sold in August 2022 at AED 3,022 per sqft, in line with what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,968). 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. 4505's AED 400,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jun 20263 June 2026 | 2,020 sqft | 8,200,000 | 4,059 | ||
| 4 May 20264 May 2026 | 2,020 sqft | 6,500,000 | 3,218 | ||
| 18 Mar 202618 March 2026 | 2,134 sqft | 6,000,000 | 2,811 | ||
| 27 Jan 202627 January 2026 | 2,428 sqft | 12,800,000 | 5,272 |
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 45th floor
All 326 units in The Address Residence Sky View 14505, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 7 October 2013 for AED 4,993,888, last on 23 August 2022 for AED 6,450,000 (AED 3,022 per sqft).
- Rented since January 2022 on one Ejari contract, at AED 400,000 a year.
- At AED 400,000 a year the gross yield on the 2022 price is 6.2%.
- 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 23 August 2022.
Questions about 4505, The Address Residence Sky View 1
What did unit 4505 last sell for?
AED 6,450,000 on 23 August 2022: AED 3,022 per sqft for 2,134 sqft. The unit has 3 registered sales; the first was AED 4,993,888 in October 2013.
What is the rent for unit 4505?
AED 400,000 a year on the contract signed on 27 January 2022.
How big is unit 4505?
2,134 sqft (198.3 sqm): a three-bedroom hotel apartment on the 45th floor of a 58-storey tower completed in 2019.
What is unit 4505 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 4505, The Address Residence Sky View 1
Starts from the last sale price (AED 6.45M, 23 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 6,450,000
- Deposit, UAE resident (20%)
- AED 1,290,000
- Deposit, non-resident (40%)
- AED 2,580,000
- Monthly over 25 years at 3.7%
- AED 26,389
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →