508, The Address Residences Dubai Opera T1
Sold prices and rental history: sold twice, last in August 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, The Address Residences Dubai Opera T1
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,336 sqft
- Floor
- 5th of 62
- Parking
- B4-4168
- Developer
- Emaar
- Completed
- 2023
- Service charge
- AED 39,200 /yr
- Last sold
- AED 6M · August 2023
About 508, The Address Residences Dubai Opera T1
508 is a two-bedroom apartment of 1,336 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 23 August 2023 for AED 6,000,000, or AED 4,491 per sqft, 45% above the AED 3,106 two-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 1 September 2026, is AED 180,000 a year: a gross yield of 3.0% on the 2023 price, before the service charge of about AED 39,200 a year.
Sales and rents for 508 over time
508 has sold twice; 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 508 sits
All 260 2-beds →508 last sold in August 2023 at AED 4,491 per sqft, 45% above what two-beds in The Address Residences Dubai Opera T1 were fetching at the time (AED 3,106). 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. 508's AED 180,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 17 Sep 202617 September 2026 | 1,197 sqft | 4,000,000 | 3,340 | ||
| 17 Sep 202617 September 2026 | 1,258 sqft | 4,000,000 | 3,178 |
The Address Residences Dubai Opera T1
Building458 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%
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 | ||
| 506 | 2-bed | 1,195 sqft | AED 4.27MAED 4,270,000 · Feb 2025February 2025 | ||
| 507 | 2-bed | 1,249 sqft | AED 3.4MAED 3,403,888 · Dec 2021December 2021 | ||
| 509 | 2-bed | 1,439 sqft | AED 5.63MAED 5,630,000 · Jul 2023July 2023 |
508, The Address Residences Dubai Opera T1 in numbers
- Sold twice: first on 21 July 2016 for AED 3,433,888, last on 23 August 2023 for AED 6,000,000 (AED 4,491 per sqft).
- Rented since September 2025 on 2 Ejari contracts, from AED 135,000 to AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2023 price is 3.0%, before a service charge of about AED 39,200 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 3,573 per sqft.
Source: Dubai Land Department. Updated 1 September 2026.
Questions about 508, The Address Residences Dubai Opera T1
What did unit 508 last sell for?
AED 6,000,000 on 23 August 2023: AED 4,491 per sqft for 1,336 sqft. The unit has 2 registered sales; the first was AED 3,433,888 in July 2016.
What is the rent for unit 508?
AED 180,000 a year on the contract signed on 1 September 2026. The previous contract, from September 2025, was AED 135,000.
How big is unit 508?
1,336 sqft (124.1 sqm): a two-bedroom apartment on the 5th floor of a 62-storey tower completed in 2023.
What is unit 508 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 508, The Address Residences Dubai Opera T1
Starts from the last sale price (AED 6M, 23 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 6,000,000
- Deposit, UAE resident (20%)
- AED 1,200,000
- Deposit, non-resident (40%)
- AED 2,400,000
- Monthly over 25 years at 3.7%
- AED 24,548
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →