406, The Address Residences Dubai Opera T1
Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, The Address Residences Dubai Opera T1
What is 406 worth today?
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Source: Dubai Land Department. Updated 3 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,220 sqft
- Floor
- 4th of 62
- Parking
- 1
- Developer
- Emaar
- Completed
- 2023
- Service charge
- AED 35,800 /yr
- Last sold
- AED 3.17M · March 2022
About 406, The Address Residences Dubai Opera T1
406 is a two-bedroom apartment of 1,220 sqft on the 4th floor of The Address Residences Dubai Opera T1, a 62-storey tower in Downtown Dubai completed in 2023 by Emaar. The developer sold it on 23 March 2022 for AED 3,172,888, or AED 2,599 per sqft, 7% below the AED 2,800 two-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 3 October 2026, is AED 225,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 35,800 a year.
Sales and rents for 406 over time
406 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 Residences Dubai Opera T1, and where 406 sits
All 260 2-beds →406 last sold in March 2022 at AED 2,599 per sqft, 7% below what two-beds in The Address Residences Dubai Opera T1 were fetching at the time (AED 2,800). 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. 406's AED 225,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Nov 20266 November 2026 | 1,197 sqft | 3,600,000 | 3,006 | ||
| 5 Nov 20265 November 2026 | 1,435 sqft | 5,200,000 | 3,624 | ||
| 9 Oct 20269 October 2026 | 1,196 sqft | 6,535,000 | 5,462 | ||
| 22 Sep 202622 September 2026 | 1,188 sqft | 4,000,000 | 3,366 |
The Address Residences Dubai Opera T1
Building458 apartments, 1-bed to 5-bed over 62 floors in Downtown Dubai, completed in 2023 by Emaar. 32 sold in the last 12 months.
- Typical price per sqft
- AED 3,540 Down 11.1%
- Typical sale
- AED 4M
- Typical rent
- AED 250K /yr
- Typical yield
- 5.7%
Other units on the 4th floor
All 458 units in The Address Residences Dubai Opera T1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 1,671 sqft | AED 5.83MAED 5,834,888 · Feb 2020February 2020 | ||
| 402 | 3-bed | 1,557 sqft | AED 5.14MAED 5,141,888 · Jul 2016July 2016 | ||
| 403 | 2-bed | 1,256 sqft | AED 2.99MAED 2,991,888 · Feb 2020February 2020 | ||
| 404 | 2-bed | 1,186 sqft | AED 3.45MAED 3,450,000 · Oct 2023October 2023 | 200,000 /yr | |
| 405 | 1-bed | 799 sqft | AED 2.12MAED 2,122,888 · Jul 2016July 2016 | 135,000 /yr | |
| 407 | 2-bed | 1,212 sqft | AED 3.15MAED 3,149,888 · Jul 2016July 2016 | ||
| 408 | 2-bed | 1,335 sqft | AED 5.95MAED 5,950,000 · Feb 2024February 2024 | ||
| 409 | 2-bed | 1,384 sqft | AED 4.46MAED 4,460,888 · Jul 2016July 2016 |
406, The Address Residences Dubai Opera T1 in numbers
- Sold once: by Emaar on 23 March 2022 for AED 3,172,888, or AED 2,599 per sqft.
- Rented since September 2024 on 3 Ejari contracts, from AED 300,000 to AED 225,000 a year.
- At AED 225,000 a year the gross yield on the 2022 price is 7.1%, before a service charge of about AED 35,800 a year (AED 29.33 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 3,540 per sqft.
Source: Dubai Land Department. Updated 3 October 2026.
Questions about 406, The Address Residences Dubai Opera T1
What did unit 406 last sell for?
AED 3,172,888 on 23 March 2022, sold by the developer: AED 2,599 per sqft for 1,220 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 225,000 a year on the contract renewed on 3 October 2026. The previous contract, from October 2025, was AED 245,000; the unit has been rented since September 2024.
How big is unit 406?
1,220 sqft (113.3 sqm): a two-bedroom apartment on the 4th floor of a 62-storey tower completed in 2023.
What is unit 406 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 406, The Address Residences Dubai Opera T1
Starts from the last sale price (AED 3.17M, 23 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,172,888
- Deposit, UAE resident (20%)
- AED 634,578
- Deposit, non-resident (40%)
- AED 1,269,155
- Monthly over 25 years at 3.7%
- AED 12,981
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →