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2-bed · 1,923 sqftThe Address Residence Sky View 1, Downtown Dubai · 53rd floor · completed 2019

5305, The Address Residence Sky View 1

Sold prices and rental history: sold once, by the developer in January 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5305 · DLD and Ejari recordsUpdated 22 January 2015
Last soldAED 5.93M22 January 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5305, The Address Residence Sky View 1

What is 5305 worth today?

Last sold for AED 5,928,888 in 2015

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22 Jan 2015Sold by developerOff-plan
AED 5,928,888AED 3,082 per sqft

Source: Dubai Land Department. Updated 22 January 2015.

Key facts

Type
2-bed hotel apartment
Size
1,923 sqft
Floor
53rd of 58
Parking
B3-448, B3-444
Developer
Emaar
Completed
2019
Last sold
AED 5.93M · January 2015
Building
The Address Residence Sky View 1

About 5305, The Address Residence Sky View 1

5305 is a two-bedroom hotel apartment of 1,923 sqft on the 53rd 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 22 January 2015 for AED 5,928,888, or AED 3,082 per sqft, 12% above the AED 2,747 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5305 over time

Sales
Unit 5305, each saleTypical two-bed in The Address Residence Sky View 1
4M6M2013201720212025Typical sale price by year: 2013 AED 4,066,888; 2014 AED 4,615,799; 2015 AED 4,054,888; 2016 AED 3,943,344; 2017 AED 3,532,444; 2018 AED 3,558,888; 2019 AED 3,720,000; 2020 AED 2,737,500; 2021 AED 3,275,000; 2022 AED 4,600,000; 2023 AED 5,700,000; 2024 AED 6,550,000; 2025 AED 4,950,000; 2026 AED 6,500,000Sold by developer, January 2015: AED 5,928,888 (AED 3,082 per sqft)

5305 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5305, each contractTypical two-bed in The Address Residence Sky View 1
200K300K400K2020202220242026Typical rent by year: 2020 AED 160,000; 2021 AED 212,500; 2022 AED 300,000; 2023 AED 339,000; 2024 AED 364,000; 2025 AED 320,000; 2026 AED 300,000

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

2-beds in The Address Residence Sky View 1, and where 5305 sits

All 159 2-beds →

5305 last sold in January 2015 at AED 3,082 per sqft, 12% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,747). Over the last 12 months two-beds sold for AED 1,800,000 to 8,525,000, around AED 3,825 per sqft, and rent for AED 190,000 to 450,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Oct 20265,050,000
13 Oct 20267,665,888
16 Sep 20266,800,000
10 Aug 20267,000,000
19 2-bed sales 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 →

Other units on the 53rd floor

All 326 units in The Address Residence Sky View 1
Value
53033-bedAED 8.71M · Jan 2015
53044-bedAED 15.5M · Mar 2023

5305, The Address Residence Sky View 1 in numbers

  • Sold once: by Emaar on 22 January 2015 for AED 5,928,888, or AED 3,082 per sqft.
  • Two-beds in The Address Residence Sky View 1 sold for AED 1,800,000–8,525,000 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 January 2015.

Questions about 5305, The Address Residence Sky View 1

What did unit 5305 last sell for?

AED 5,928,888 on 22 January 2015, sold by the developer: AED 3,082 per sqft for 1,923 sqft. It is the only registered sale of the unit.

How big is unit 5305?

1,923 sqft (178.7 sqm): a two-bedroom hotel apartment on the 53rd floor of a 58-storey tower completed in 2019.

What is unit 5305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Address Residence Sky View 1 sold for AED 1,800,000 to 8,525,000 in the last 12 months, around AED 3,825 per sqft.

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Mortgage on 5305, The Address Residence Sky View 1

Starts from the last sale price (AED 5.93M, 22 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,928,888
Deposit, UAE resident (20%)
AED 1,185,778
Deposit, non-resident (40%)
AED 2,371,555
Monthly over 25 years at 3.7%
AED 24,257

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