1-bed · 872 sqftThe Address Residence Sky View 1, Downtown Dubai · 6th floor · completed 2019

608, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in December 2021, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 16 November 2024
Last soldAED 1.95M7 December 2021
Current rentAED 210K /yr16 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, The Address Residence Sky View 1

What is 608 worth today?

Last sold for AED 1,950,000 in 2021

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16 Nov 2024RentedNew contract
AED 210,000/yr12 months · AED 241 per sqft
22 Oct 2022RentedNew contract
AED 185,000/yr12 months · AED 212 per sqft
7 Dec 2021SoldReady
AED 1,950,000AED 2,235 per sqft
12 Aug 2021RentedNew contract
AED 120,000/yr12 months · AED 138 per sqft
20 Jul 2020RentedNew contract
AED 100,000/yr12 months · AED 115 per sqft
6 Dec 2015Sold by developerOff-plan
AED 2,379,888AED 2,728 per sqft

Source: Dubai Land Department. Updated 16 November 2024.

Key facts

Type
1-bed hotel apartment
Size
872 sqft
Floor
6th of 58
Parking
B3-197
Developer
Emaar
Completed
2019
Last sold
AED 1.95M · December 2021

About 608, The Address Residence Sky View 1

608 is a one-bedroom hotel apartment of 872 sqft on the 6th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 7 December 2021 for AED 1,950,000, or AED 2,235 per sqft, in line with the AED 2,201 one-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 16 November 2024, is AED 210,000 a year: a gross yield of 10.8% on the 2021 price.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical one-bed in The Address Residence Sky View 1
2M3M4M2013201720212025Typical sale price by year: 2013 AED 2,065,888; 2015 AED 2,859,888; 2020 AED 2,353,541; 2021 AED 1,920,000; 2022 AED 2,275,000; 2023 AED 2,400,000; 2024 AED 3,000,000; 2025 AED 3,830,000Sold by developer, December 2015: AED 2,379,888 (AED 2,728 per sqft)Sold, December 2021: AED 1,950,000 (AED 2,235 per sqft)

608 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 608, each contractTypical one-bed in The Address Residence Sky View 1
100K200K2020202220242026Typical rent by year: 2020 AED 125,000; 2021 AED 140,000; 2022 AED 200,000; 2023 AED 197,500; 2024 AED 220,000; 2025 AED 237,840; 2026 AED 205,000New contract, July 2020: AED 100,000 a yearNew contract, August 2021: AED 120,000 a yearNew contract, October 2022: AED 185,000 a yearNew contract, November 2024: AED 210,000 a year

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

1-beds in The Address Residence Sky View 1, and where 608 sits

All 24 1-beds →

608 last sold in December 2021 at AED 2,235 per sqft, in line with what one-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,201). Over the last 12 months one-beds sold for AED 2,800,000 to 4,100,000, around AED 3,457 per sqft, and rent for AED 110,000 to 240,000 a year. 608's AED 210,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Sep 20264,100,000
6 Jan 20262,800,000
20 Nov 20254,000,000
3 Oct 20253,750,000
3 1-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 →
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
6062-bedAED 4.08M · Dec 2013
6072-bedAED 5.6M · Dec 2024
6091-bedAED 2.86M · Aug 2015

608, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 6 December 2015 for AED 2,379,888, last on 7 December 2021 for AED 1,950,000 (AED 2,235 per sqft).
  • Rented since July 2020 on 4 Ejari contracts, from AED 100,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2021 price is 10.8%.
  • One-beds in The Address Residence Sky View 1 sold for AED 2,800,000–4,100,000 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 16 November 2024.

Questions about 608, The Address Residence Sky View 1

What did unit 608 last sell for?

AED 1,950,000 on 7 December 2021: AED 2,235 per sqft for 872 sqft. The unit has 2 registered sales; the first was AED 2,379,888 in December 2015.

What is the rent for unit 608?

AED 210,000 a year on the contract signed on 16 November 2024. The previous contract, from October 2022, was AED 185,000; the unit has been rented since July 2020.

How big is unit 608?

872 sqft (81.0 sqm): a one-bedroom hotel apartment on the 6th floor of a 58-storey tower completed in 2019.

What is unit 608 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address Residence Sky View 1 sold for AED 2,800,000 to 4,100,000 in the last 12 months, around AED 3,457 per sqft.

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Mortgage on 608, The Address Residence Sky View 1

Starts from the last sale price (AED 1.95M, 7 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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