2-bed · 1,333 sqftThe Address Residences Dubai Opera T1, Downtown Dubai · 10th floor · completed 2023

1008, The Address Residences Dubai Opera T1

Sold prices and rental history: sold twice, last in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 17 October 2022
Last soldAED 4.4M17 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1008, The Address Residences Dubai Opera T1

What is 1008 worth today?

Last sold for AED 4,400,000 in 2022

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17 Oct 2022SoldOff-plan
AED 4,400,000AED 3,301 per sqft
18 Jul 2016Sold by developerOff-plan
AED 3,466,888AED 2,601 per sqft

Source: Dubai Land Department. Updated 17 October 2022.

Key facts

Type
2-bed apartment
Size
1,333 sqft
Floor
10th of 62
Parking
1
Developer
Emaar
Completed
2023
Service charge
AED 39,100 /yr
Last sold
AED 4.4M · October 2022

About 1008, The Address Residences Dubai Opera T1

1008 is a two-bedroom apartment of 1,333 sqft on the 10th floor of The Address Residences Dubai Opera T1, a 62-storey tower in Downtown Dubai completed in 2023 by Emaar. It last sold on 17 October 2022 for AED 4,400,000, or AED 3,301 per sqft, 17% above the AED 2,825 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in The Address Residences Dubai Opera T1
3M4M2016201920222025Typical sale price by year: 2016 AED 3,251,888; 2017 AED 3,174,888; 2018 AED 3,113,888; 2019 AED 3,176,388; 2020 AED 3,251,888; 2021 AED 3,363,888; 2022 AED 3,563,388; 2023 AED 4,000,000; 2024 AED 4,150,000; 2025 AED 4,300,000; 2026 AED 4,000,000Sold by developer, July 2016: AED 3,466,888 (AED 2,601 per sqft)Sold, October 2022: AED 4,400,000 (AED 3,301 per sqft)

1008 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in The Address Residences Dubai Opera T1
240K260K2024202520262027Typical rent by year: 2024 AED 272,000; 2025 AED 260,000; 2026 AED 235,000

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 Residences Dubai Opera T1, and where 1008 sits

All 260 2-beds →

1008 last sold in October 2022 at AED 3,301 per sqft, 17% above what two-beds in The Address Residences Dubai Opera T1 were fetching at the time (AED 2,825). Over the last 12 months two-beds sold for AED 3,280,000 to 7,300,000, around AED 3,353 per sqft, and rent for AED 160,000 to 410,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20266,535,000
22 Sep 20264,000,000
17 Sep 20264,000,000
17 Sep 20264,000,000
20 2-bed sales in the last 12 months

The Address Residences Dubai Opera T1

Building

458 apartments, 1-bed to 5-bed over 62 floors in Downtown Dubai, completed in 2023 by Emaar. 30 sold in the last 12 months.

Typical price per sqft
AED 3,573 Down 10.3%
Typical sale
AED 4M
Typical rent
AED 250K /yr
Typical yield
5.7%
The Address Residences Dubai Opera T1, Downtown Dubai: prices, sales and rents →
Value
10013-bedAED 5.78M · Jul 2016
10023-bedAED 7.5M · Jan 2024
10032-bedAED 3.5M · Mar 2023
10042-bedAED 3.45M · Jun 2023
10051-bedAED 2.15M · Jul 2016
10062-bedAED 3.03M · Jul 2016
10072-bedAED 3.19M · Jul 2016
1–7 of 8

1008, The Address Residences Dubai Opera T1 in numbers

  • Sold twice: first on 18 July 2016 for AED 3,466,888, last on 17 October 2022 for AED 4,400,000 (AED 3,301 per sqft).
  • Two-beds in The Address Residences Dubai Opera T1 sold for AED 3,280,000–7,300,000 in the 12 months to November 2026; the building's median across all types is AED 3,573 per sqft.

Source: Dubai Land Department. Updated 17 October 2022.

Questions about 1008, The Address Residences Dubai Opera T1

What did unit 1008 last sell for?

AED 4,400,000 on 17 October 2022: AED 3,301 per sqft for 1,333 sqft. The unit has 2 registered sales; the first was AED 3,466,888 in July 2016.

How big is unit 1008?

1,333 sqft (123.8 sqm): a two-bedroom apartment on the 10th floor of a 62-storey tower completed in 2023.

What is unit 1008 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 Residences Dubai Opera T1 sold for AED 3,280,000 to 7,300,000 in the last 12 months, around AED 3,353 per sqft.

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Mortgage on 1008, The Address Residences Dubai Opera T1

Starts from the last sale price (AED 4.4M, 17 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,400,000
Deposit, UAE resident (20%)
AED 880,000
Deposit, non-resident (40%)
AED 1,760,000
Monthly over 25 years at 3.7%
AED 18,002

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