3-bed · 1,573 sqftThe Address Residences Dubai Opera T1, Downtown Dubai · 6th floor · completed 2023

602, The Address Residences Dubai Opera T1

Sold prices and rental history: sold twice, last in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 6.5M1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, The Address Residences Dubai Opera T1

What is 602 worth today?

Last sold for AED 6,500,000 in 2024

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1 Aug 2024SoldReady
AED 6,500,000AED 4,130 per sqft
24 Jul 2016Sold by developerOff-plan
AED 5,403,888AED 3,470 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
3-bed apartment
Size
1,573 sqft
Floor
6th of 62
Parking
B4-4180, B4-4181
Developer
Emaar
Completed
2023
Service charge
AED 46,200 /yr
Last sold
AED 6.5M · August 2024

About 602, The Address Residences Dubai Opera T1

602 is a three-bedroom apartment of 1,573 sqft on the 6th floor of The Address Residences Dubai Opera T1, a 62-storey tower in Downtown Dubai completed in 2023 by Emaar. It last sold on 1 August 2024 for AED 6,500,000, or AED 4,130 per sqft, 21% below the AED 5,244 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical three-bed in The Address Residences Dubai Opera T1
6M8M2016201920222025Typical sale price by year: 2016 AED 6,074,888; 2017 AED 6,247,888; 2018 AED 6,214,888; 2019 AED 6,069,388; 2020 AED 6,117,888; 2021 AED 6,341,888; 2022 AED 6,421,480; 2023 AED 7,650,000; 2024 AED 8,550,000; 2025 AED 9,000,000; 2026 AED 8,700,000Sold by developer, July 2016: AED 5,403,888 (AED 3,470 per sqft)Sold, August 2024: AED 6,500,000 (AED 4,130 per sqft)

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

Rents
Unit 602, each contractTypical three-bed in The Address Residences Dubai Opera T1
350K400K2024202520262027Typical rent by year: 2024 AED 400,000; 2025 AED 415,000; 2026 AED 342,500

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Address Residences Dubai Opera T1, and where 602 sits

All 136 3-beds →

602 last sold in August 2024 at AED 4,130 per sqft, 21% below what three-beds in The Address Residences Dubai Opera T1 were fetching at the time (AED 5,244). Over the last 12 months three-beds sold for AED 2,887,944 to 12,000,000, around AED 5,499 per sqft, and rent for AED 195,000 to 465,150 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Oct 202611,789,776
14 May 20268,600,000
30 Apr 20268,700,000
8 Dec 20252,887,944
5 3-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
6013-bedAED 6.19M · May 2021
6032-bedAED 3M · Jul 2016
6042-bedAED 3.03M · May 2019
6051-bedAED 2.13M · Jul 2016
6062-bedAED 3.01M · Feb 2017
6072-bedAED 4.3M · Jun 2023
6082-bedAED 3.75M · Jul 2022
1–7 of 8

602, The Address Residences Dubai Opera T1 in numbers

  • Sold twice: first on 24 July 2016 for AED 5,403,888, last on 1 August 2024 for AED 6,500,000 (AED 4,130 per sqft).
  • Three-beds in The Address Residences Dubai Opera T1 sold for AED 2,887,944–12,000,000 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 August 2024.

Questions about 602, The Address Residences Dubai Opera T1

What did unit 602 last sell for?

AED 6,500,000 on 1 August 2024: AED 4,130 per sqft for 1,573 sqft. The unit has 2 registered sales; the first was AED 5,403,888 in July 2016.

How big is unit 602?

1,573 sqft (146.1 sqm): a three-bedroom apartment on the 6th floor of a 62-storey tower completed in 2023.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Address Residences Dubai Opera T1 sold for AED 2,887,944 to 12,000,000 in the last 12 months, around AED 5,499 per sqft.

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Mortgage on 602, The Address Residences Dubai Opera T1

Starts from the last sale price (AED 6.5M, 1 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

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