603, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in January 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, The Address Residence Sky View 1
What is 603 worth today?
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Source: Dubai Land Department. Updated 7 April 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,519 sqft
- Floor
- 6th of 58
- Parking
- B3-485
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 4.35M · January 2015
- Building
- The Address Residence Sky View 1
About 603, The Address Residence Sky View 1
603 is a two-bedroom hotel apartment of 1,519 sqft on the 6th 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 4 January 2015 for AED 4,350,888, or AED 2,864 per sqft, 5% above the AED 2,727 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 7 April 2024, is AED 340,000 a year: a gross yield of 7.8% on the 2015 price.
Sales and rents for 603 over time
603 has sold once; the dashed line is the two-bed median of each year in the building.
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 603 sits
All 159 2-beds →603 last sold in January 2015 at AED 2,864 per sqft, 5% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,727). 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. 603's AED 340,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 1,543 sqft | 5,050,000 | 3,271 | ||
| 13 Oct 202613 October 2026 | 1,699 sqft | 7,665,888 | 4,511 | ||
| 16 Sep 202616 September 2026 | 1,699 sqft | 6,800,000 | 4,002 | ||
| 10 Aug 202610 August 2026 | 1,699 sqft | 7,000,000 | 4,119 |
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 6th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 1,851 sqft | AED 4.23MAED 4,230,332 · Nov 2014November 2014 | 300,000 /yr | |
| 604 | 2-bed | 1,699 sqft | AED 3.1MAED 3,100,000 · Dec 2019December 2019 | ||
| 605 | 3-bed | 2,428 sqft | AED 6.4MAED 6,400,000 · Jan 2022January 2022 | 450,000 /yr | |
| 606 | 2-bed | 1,699 sqft | AED 4.08MAED 4,078,888 · Dec 2013December 2013 | 330,000 /yr | |
| 607 | 2-bed | 1,518 sqft | AED 5.6MAED 5,600,000 · Dec 2024December 2024 | 290,000 /yr | |
| 608 | 1-bed | 872 sqft | AED 1.95MAED 1,950,000 · Dec 2021December 2021 | 210,000 /yr | |
| 609 | 1-bed | 1,157 sqft | AED 2.86MAED 2,859,888 · Aug 2015August 2015 |
603, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 4 January 2015 for AED 4,350,888, or AED 2,864 per sqft.
- Rented since April 2022 on 3 Ejari contracts, from AED 280,000 to AED 340,000 a year.
- At AED 340,000 a year the gross yield on the 2015 price is 7.8%.
- 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 7 April 2024.
Questions about 603, The Address Residence Sky View 1
What did unit 603 last sell for?
AED 4,350,888 on 4 January 2015, sold by the developer: AED 2,864 per sqft for 1,519 sqft. It is the only registered sale of the unit.
What is the rent for unit 603?
AED 340,000 a year on the contract signed on 7 April 2024. The previous contract, from April 2023, was AED 310,000; the unit has been rented since April 2022.
How big is unit 603?
1,519 sqft (141.1 sqm): a two-bedroom hotel apartment on the 6th floor of a 58-storey tower completed in 2019.
What is unit 603 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 603, The Address Residence Sky View 1
Starts from the last sale price (AED 4.35M, 4 January 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 4,350,888
- Deposit, UAE resident (20%)
- AED 870,178
- Deposit, non-resident (40%)
- AED 1,740,355
- Monthly over 25 years at 3.7%
- AED 17,801
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →