5701, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in March 2025, 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 5701, The Address Residence Sky View 1
What is 5701 worth today?
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Source: Dubai Land Department. Updated 5 March 2025.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 6,665 sqft
- Floor
- 57th of 58
- Parking
- B2-382, B2-159, B2-160
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 45.5M · March 2025
- Building
- The Address Residence Sky View 1
About 5701, The Address Residence Sky View 1
5701 is a three-bedroom hotel apartment of 6,665 sqft on the 57th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 5 March 2025 for AED 45,500,000, or AED 6,826 per sqft, 68% above the AED 4,072 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 6 August 2023, is AED 1,950,000 a year: a gross yield of 4.3% on the 2025 price.
Sales and rents for 5701 over time
5701 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 5701 sits
All 121 3-beds →5701 last sold in March 2025 at AED 6,826 per sqft, 68% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 4,072). 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. 5701's AED 1,950,000 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 57th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5702 | 3-bed | 5,193 sqft | AED 33MAED 33,000,000 · Mar 2025March 2025 |
5701, The Address Residence Sky View 1 in numbers
- Sold twice: first on 11 March 2015 for AED 22,015,888, last on 5 March 2025 for AED 45,500,000 (AED 6,826 per sqft).
- Rented since November 2020 on 4 Ejari contracts, from AED 600,000 to AED 1,950,000 a year.
- At AED 1,950,000 a year the gross yield on the 2025 price is 4.3%.
- 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 5 March 2025.
Questions about 5701, The Address Residence Sky View 1
What did unit 5701 last sell for?
AED 45,500,000 on 5 March 2025: AED 6,826 per sqft for 6,665 sqft. The unit has 2 registered sales; the first was AED 22,015,888 in March 2015.
What is the rent for unit 5701?
AED 1,950,000 a year on the contract signed on 6 August 2023. The previous contract, from November 2022, was AED 1,200,000; the unit has been rented since November 2020.
How big is unit 5701?
6,665 sqft (619.2 sqm): a three-bedroom hotel apartment on the 57th floor of a 58-storey tower completed in 2019.
What is unit 5701 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 5701, The Address Residence Sky View 1
Starts from the last sale price (AED 45.5M, 5 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 45,500,000
- Deposit, UAE resident (20%)
- AED 9,100,000
- Deposit, non-resident (40%)
- AED 18,200,000
- Monthly over 25 years at 3.7%
- AED 186,155
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →