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2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 6th floor · completed 2019

606, The Address Residence Sky View 1

Sold prices and rental history: sold once, by the developer in December 2013, and rented once, from June 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 10 June 2021
Last soldAED 4.08M10 December 2013
Current rentAED 330K /yr10 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 606, The Address Residence Sky View 1

What is 606 worth today?

Last sold for AED 4,078,888 in 2013

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10 Jun 2021RentedNew contract
AED 330,000/yr14 months · AED 194 per sqft
10 Dec 2013Sold by developerOff-plan
AED 4,078,888AED 2,400 per sqft

Source: Dubai Land Department. Updated 10 June 2021.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
6th of 58
Parking
B3-146
Developer
Emaar
Completed
2019
Last sold
AED 4.08M · December 2013
Building
The Address Residence Sky View 1

About 606, The Address Residence Sky View 1

606 is a two-bedroom hotel apartment of 1,699 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 10 December 2013 for AED 4,078,888, or AED 2,400 per sqft, 3% below the AED 2,475 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 June 2021. The current contract, signed on 10 June 2021, is AED 330,000 a year: a gross yield of 8.1% on the 2013 price.

Sales and rents for 606 over time

Sales
Unit 606, 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, December 2013: AED 4,078,888 (AED 2,400 per sqft)

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

Rents
Unit 606, 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 300,000New contract, June 2021: AED 330,000 a year

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 606 sits

All 159 2-beds →

606 last sold in December 2013 at AED 2,400 per sqft, 3% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,475). 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. 606's AED 330,000 is in the upper half of that range.

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 6th floor

All 326 units in The Address Residence Sky View 1
Value
6013-bedAED 4.23M · Nov 2014
6032-bedAED 4.35M · Jan 2015
6042-bedAED 3.1M · Dec 2019
6053-bedAED 6.4M · Jan 2022
6072-bedAED 5.6M · Dec 2024
6081-bedAED 1.95M · Dec 2021
6091-bedAED 2.86M · Aug 2015

606, The Address Residence Sky View 1 in numbers

  • Sold once: by Emaar on 10 December 2013 for AED 4,078,888, or AED 2,400 per sqft.
  • Rented since June 2021 on one Ejari contract, at AED 330,000 a year.
  • At AED 330,000 a year the gross yield on the 2013 price is 8.1%.
  • 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 10 June 2021.

Questions about 606, The Address Residence Sky View 1

What did unit 606 last sell for?

AED 4,078,888 on 10 December 2013, sold by the developer: AED 2,400 per sqft for 1,699 sqft. It is the only registered sale of the unit.

What is the rent for unit 606?

AED 330,000 a year on the contract signed on 10 June 2021.

How big is unit 606?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 6th floor of a 58-storey tower completed in 2019.

What is unit 606 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 606, The Address Residence Sky View 1

Starts from the last sale price (AED 4.08M, 10 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,078,888
Deposit, UAE resident (20%)
AED 815,778
Deposit, non-resident (40%)
AED 1,631,555
Monthly over 25 years at 3.7%
AED 16,688

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