506, The Address Residences Dubai Opera T1
Sold prices and rental history: sold 3 times, last in February 2025, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, The Address Residences Dubai Opera T1
What is 506 worth today?
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Source: Dubai Land Department. Updated 25 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,195 sqft
- Floor
- 5th of 62
- Parking
- B4-4241
- Developer
- Emaar
- Completed
- 2023
- Service charge
- AED 35,000 /yr
- Last sold
- AED 4.27M · February 2025
About 506, The Address Residences Dubai Opera T1
506 is a two-bedroom apartment of 1,195 sqft on the 5th floor of The Address Residences Dubai Opera T1, a 62-storey tower in Downtown Dubai completed in 2023 by Emaar. It last sold on 25 February 2025 for AED 4,270,000, or AED 3,574 per sqft, 3% above the AED 3,465 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold 3 times; 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 506 sits
All 260 2-beds →506 last sold in February 2025 at AED 3,574 per sqft, 3% above what two-beds in The Address Residences Dubai Opera T1 were fetching at the time (AED 3,465). 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 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 5th floor
All 458 units in The Address Residences Dubai Opera T1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,671 sqft | AED 9.7MAED 9,700,000 · Jan 2025January 2025 | ||
| 502 | 3-bed | 1,542 sqft | AED 5.46MAED 5,456,888 · Jul 2016July 2016 | ||
| 503 | 2-bed | 1,256 sqft | AED 4.03MAED 4,030,000 · Jun 2024June 2024 | ||
| 504 | 2-bed | 1,186 sqft | AED 2.53MAED 2,527,000 · Apr 2022April 2022 | 220,000 /yr | |
| 505 | 1-bed | 799 sqft | AED 2.13MAED 2,131,888 · Jul 2016July 2016 | ||
| 507 | 2-bed | 1,249 sqft | AED 3.4MAED 3,403,888 · Dec 2021December 2021 | ||
| 508 | 2-bed | 1,336 sqft | AED 6MAED 6,000,000 · Aug 2023August 2023 | 180,000 /yr | |
| 509 | 2-bed | 1,439 sqft | AED 5.63MAED 5,630,000 · Jul 2023July 2023 |
506, The Address Residences Dubai Opera T1 in numbers
- Sold 3 times: first on 9 August 2017 for AED 3,082,888, last on 25 February 2025 for AED 4,270,000 (AED 3,574 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 25 February 2025.
Questions about 506, The Address Residences Dubai Opera T1
What did unit 506 last sell for?
AED 4,270,000 on 25 February 2025: AED 3,574 per sqft for 1,195 sqft. The unit has 3 registered sales; the first was AED 3,082,888 in August 2017.
How big is unit 506?
1,195 sqft (111.0 sqm): a two-bedroom apartment on the 5th floor of a 62-storey tower completed in 2023.
What is unit 506 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 506, The Address Residences Dubai Opera T1
Starts from the last sale price (AED 4.27M, 25 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 4,270,000
- Deposit, UAE resident (20%)
- AED 854,000
- Deposit, non-resident (40%)
- AED 1,708,000
- Monthly over 25 years at 3.7%
- AED 17,470
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →