508, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in December 2013, and rented once, from August 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, The Address Residence Sky View 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 10 August 2022.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 872 sqft
- Floor
- 5th of 58
- Parking
- B3-122
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 2.04M · December 2013
- Building
- The Address Residence Sky View 1
About 508, The Address Residence Sky View 1
508 is a one-bedroom hotel apartment of 872 sqft on the 5th 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 11 December 2013 for AED 2,041,888, or AED 2,340 per sqft, in line with the AED 2,340 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 10 August 2022. The current contract, signed on 10 August 2022, is AED 170,000 a year: a gross yield of 8.3% on the 2013 price.
Sales and rents for 508 over time
508 has sold once; the dashed line is the one-bed median of each year in the building.
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 508 sits
All 24 1-beds →508 last sold in December 2013 at AED 2,340 per sqft, in line with what one-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,340). 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. 508's AED 170,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Sep 202621 September 2026 | 1,157 sqft | 4,100,000 | 3,544 | ||
| 6 Jan 20266 January 2026 | 872 sqft | 2,800,000 | 3,209 | ||
| 20 Nov 202520 November 2025 | 1,157 sqft | 4,000,000 | 3,457 | ||
| 3 Oct 20253 October 2025 | 1,157 sqft | 3,750,000 | 3,241 |
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 | |
| 505 | 3-bed | 2,428 sqft | AED 5.46MAED 5,461,888 · Oct 2013October 2013 | 450,000 /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 | ||
| 509 | 1-bed | 1,157 sqft | AED 2.46MAED 2,459,888 · Dec 2013December 2013 | 200,000 /yr |
508, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 11 December 2013 for AED 2,041,888, or AED 2,340 per sqft.
- Rented since August 2022 on one Ejari contract, at AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2013 price is 8.3%.
- 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 10 August 2022.
Questions about 508, The Address Residence Sky View 1
What did unit 508 last sell for?
AED 2,041,888 on 11 December 2013, sold by the developer: AED 2,340 per sqft for 872 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 170,000 a year on the contract signed on 10 August 2022.
How big is unit 508?
872 sqft (81.0 sqm): a one-bedroom hotel apartment on the 5th floor of a 58-storey tower completed in 2019.
What is unit 508 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 508, The Address Residence Sky View 1
Starts from the last sale price (AED 2.04M, 11 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,041,888
- Deposit, UAE resident (20%)
- AED 408,378
- Deposit, non-resident (40%)
- AED 816,755
- Monthly over 25 years at 3.7%
- AED 8,354
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →