505, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in October 2013, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, The Address Residence Sky View 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 October 2022.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,428 sqft
- Floor
- 5th of 58
- Parking
- B2-375, B2-374
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 5.46M · October 2013
- Building
- The Address Residence Sky View 1
About 505, The Address Residence Sky View 1
505 is a three-bedroom hotel apartment of 2,428 sqft on the 5th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 1 October 2013 for AED 5,461,888, or AED 2,250 per sqft, 11% below the AED 2,527 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 October 2022. The current contract, signed on 15 October 2022, is AED 450,000 a year: a gross yield of 8.2% on the 2013 price.
Sales and rents for 505 over time
505 has sold twice; 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 505 sits
All 121 3-beds →505 last sold in October 2013 at AED 2,250 per sqft, 11% below what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,527). 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. 505's AED 450,000 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 5th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,851 sqft | AED 4.53MAED 4,533,888 · Mar 2015March 2015 | ||
| 503 | 2-bed | 1,519 sqft | AED 5.7MAED 5,700,000 · Jan 2026January 2026 | 120,000 /yr | |
| 504 | 2-bed | 1,699 sqft | AED 4MAED 4,000,000 · Jan 2025January 2025 | 299,169 /yr | |
| 506 | 2-bed | 1,699 sqft | AED 7.2MAED 7,200,000 · Oct 2024October 2024 | 375,000 /yr | |
| 507 | 2-bed | 1,518 sqft | AED 5.5MAED 5,500,000 · Feb 2026February 2026 | ||
| 508 | 1-bed | 872 sqft | AED 2.04MAED 2,041,888 · Dec 2013December 2013 | 170,000 /yr | |
| 509 | 1-bed | 1,157 sqft | AED 2.46MAED 2,459,888 · Dec 2013December 2013 | 200,000 /yr |
505, The Address Residence Sky View 1 in numbers
- Sold twice: first on 22 September 2013 for AED 5,461,888, last on 1 October 2013 for AED 5,461,888 (AED 2,250 per sqft).
- Rented since October 2022 on one Ejari contract, at AED 450,000 a year.
- At AED 450,000 a year the gross yield on the 2013 price is 8.2%.
- 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 15 October 2022.
Questions about 505, The Address Residence Sky View 1
What did unit 505 last sell for?
AED 5,461,888 on 1 October 2013: AED 2,250 per sqft for 2,428 sqft. The unit has 2 registered sales; the first was AED 5,461,888 in September 2013.
What is the rent for unit 505?
AED 450,000 a year on the contract signed on 15 October 2022.
How big is unit 505?
2,428 sqft (225.6 sqm): a three-bedroom hotel apartment on the 5th floor of a 58-storey tower completed in 2019.
What is unit 505 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 505, The Address Residence Sky View 1
Starts from the last sale price (AED 5.46M, 1 October 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 5,461,888
- Deposit, UAE resident (20%)
- AED 1,092,378
- Deposit, non-resident (40%)
- AED 2,184,755
- Monthly over 25 years at 3.7%
- AED 22,346
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →