708, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in December 2013, 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 708, The Address Residence Sky View 1
What is 708 worth today?
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Source: Dubai Land Department. Updated 23 August 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 872 sqft
- Floor
- 7th of 58
- Parking
- B3-123
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 2.05M · December 2013
- Building
- The Address Residence Sky View 1
About 708, The Address Residence Sky View 1
708 is a one-bedroom hotel apartment of 872 sqft on the 7th 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 2,047,888, or AED 2,347 per sqft, in line with the AED 2,342 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 23 August 2024, is AED 210,000 a year: a gross yield of 10.3% on the 2013 price.
Sales and rents for 708 over time
708 has sold once; the dashed line is the one-bed median of each year in the building.
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 708 sits
All 24 1-beds →708 last sold in December 2013 at AED 2,347 per sqft, in line with what one-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,342). 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. 708's AED 210,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Sep 202621 September 2026 | 1,157 sqft | 4,100,000 | 3,544 | ||
| 6 Jan 20266 January 2026 | 872 sqft | 2,800,000 | 3,209 | ||
| 20 Nov 202520 November 2025 | 1,157 sqft | 4,000,000 | 3,457 | ||
| 3 Oct 20253 October 2025 | 1,157 sqft | 3,750,000 | 3,241 |
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 7th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,851 sqft | AED 4.03MAED 4,034,888 · Dec 2013December 2013 | 300,000 /yr | |
| 703 | 2-bed | 1,519 sqft | AED 3.76MAED 3,758,888 · Dec 2013December 2013 | 365,000 /yr | |
| 704 | 2-bed | 1,647 sqft | AED 4.09MAED 4,090,888 · Dec 2013December 2013 | ||
| 705 | 3-bed | 2,427 sqft | AED 8.7MAED 8,700,000 · May 2025May 2025 | ||
| 706 | 2-bed | 1,699 sqft | AED 5MAED 5,000,000 · Jun 2023June 2023 | ||
| 707 | 2-bed | 1,518 sqft | AED 4.2MAED 4,200,000 · Jan 2023January 2023 | ||
| 709 | 1-bed | 1,157 sqft | AED 3MAED 3,000,000 · Aug 2023August 2023 | 200,000 /yr |
708, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 10 December 2013 for AED 2,047,888, or AED 2,347 per sqft.
- Rented since October 2020 on 4 Ejari contracts, from AED 110,000 to AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2013 price is 10.3%.
- 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 23 August 2024.
Questions about 708, The Address Residence Sky View 1
What did unit 708 last sell for?
AED 2,047,888 on 10 December 2013, sold by the developer: AED 2,347 per sqft for 872 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 210,000 a year on the contract signed on 23 August 2024. The previous contract, from November 2022, was AED 215,000; the unit has been rented since October 2020.
How big is unit 708?
872 sqft (81.0 sqm): a one-bedroom hotel apartment on the 7th floor of a 58-storey tower completed in 2019.
What is unit 708 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 708, The Address Residence Sky View 1
Starts from the last sale price (AED 2.05M, 10 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,047,888
- Deposit, UAE resident (20%)
- AED 409,578
- Deposit, non-resident (40%)
- AED 819,155
- Monthly over 25 years at 3.7%
- AED 8,379
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →