5502, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in May 2024, and rented once, from April 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5502, The Address Residence Sky View 1
What is 5502 worth today?
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Source: Dubai Land Department. Updated 3 May 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 5,191 sqft
- Floor
- 55th of 58
- Parking
- B2-405, B2-173, B2-174
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 29.75M · May 2024
- Building
- The Address Residence Sky View 1
About 5502, The Address Residence Sky View 1
5502 is a three-bedroom hotel apartment of 5,191 sqft on the 55th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 3 May 2024 for AED 29,750,000, or AED 5,731 per sqft, 45% above the AED 3,960 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 11 April 2022. The current contract, signed on 11 April 2022, is AED 1,800,000 a year: a gross yield of 6.0% on the 2024 price.
Sales and rents for 5502 over time
5502 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 5502 sits
All 121 3-beds →5502 last sold in May 2024 at AED 5,731 per sqft, 45% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,960). 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. 5502's AED 1,800,000 is at the top 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 55th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 4-bed | 8,100 sqft | AED 40MAED 40,000,000 · Mar 2023March 2023 |
5502, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 28 October 2020 for AED 19,251,888, last on 3 May 2024 for AED 29,750,000 (AED 5,731 per sqft).
- Rented since April 2022 on one Ejari contract, at AED 1,800,000 a year.
- At AED 1,800,000 a year the gross yield on the 2024 price is 6.0%.
- 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 3 May 2024.
Questions about 5502, The Address Residence Sky View 1
What did unit 5502 last sell for?
AED 29,750,000 on 3 May 2024: AED 5,731 per sqft for 5,191 sqft. The unit has 3 registered sales; the first was AED 19,251,888 in October 2020.
What is the rent for unit 5502?
AED 1,800,000 a year on the contract signed on 11 April 2022.
How big is unit 5502?
5,191 sqft (482.3 sqm): a three-bedroom hotel apartment on the 55th floor of a 58-storey tower completed in 2019.
What is unit 5502 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 5502, The Address Residence Sky View 1
Starts from the last sale price (AED 29.75M, 3 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 29,750,000
- Deposit, UAE resident (20%)
- AED 5,950,000
- Deposit, non-resident (40%)
- AED 11,900,000
- Monthly over 25 years at 3.7%
- AED 121,716
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →