509, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, The Address Residence Sky View 1
What is 509 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,157 sqft
- Floor
- 5th of 58
- Parking
- B3-113
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 2.46M · December 2013
- Building
- The Address Residence Sky View 1
About 509, The Address Residence Sky View 1
509 is a one-bedroom hotel apartment of 1,157 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 3 December 2013 for AED 2,459,888, or AED 2,126 per sqft, 9% below the AED 2,337 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 September 2026, is AED 200,000 a year: a gross yield of 8.1% on the 2013 price.
Sales and rents for 509 over time
509 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 509 sits
All 24 1-beds →509 last sold in December 2013 at AED 2,126 per sqft, 9% below what one-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,337). 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. 509's AED 200,000 is in the upper 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 | ||
| 508 | 1-bed | 872 sqft | AED 2.04MAED 2,041,888 · Dec 2013December 2013 | 170,000 /yr |
509, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 3 December 2013 for AED 2,459,888, or AED 2,126 per sqft.
- Rented since July 2020 on 5 Ejari contracts, from AED 125,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2013 price is 8.1%.
- 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 1 September 2026.
Questions about 509, The Address Residence Sky View 1
What did unit 509 last sell for?
AED 2,459,888 on 3 December 2013, sold by the developer: AED 2,126 per sqft for 1,157 sqft. It is the only registered sale of the unit.
What is the rent for unit 509?
AED 200,000 a year on the contract signed on 1 September 2026. The previous contract, from November 2024, was AED 240,000; the unit has been rented since July 2020.
How big is unit 509?
1,157 sqft (107.5 sqm): a one-bedroom hotel apartment on the 5th floor of a 58-storey tower completed in 2019.
What is unit 509 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 509, The Address Residence Sky View 1
Starts from the last sale price (AED 2.46M, 3 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,459,888
- Deposit, UAE resident (20%)
- AED 491,978
- Deposit, non-resident (40%)
- AED 983,955
- Monthly over 25 years at 3.7%
- AED 10,064
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →