3-bed · 1,553 sqftThe Address Residences Dubai Opera T2, Downtown Dubai · 47th floor · completed 2023

4702, The Address Residences Dubai Opera T2

Sold prices and rental history: sold twice, last in February 2024, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4702 · DLD and Ejari recordsUpdated 19 April 2024
Last soldAED 7.3M22 February 2024
Current rentAED 300K /yr19 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4702, The Address Residences Dubai Opera T2

What is 4702 worth today?

Last sold for AED 7,300,000 in 2024

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19 Apr 2024RentedNew contract
AED 300,000/yr12 months · AED 194 per sqft
22 Feb 2024SoldReady
AED 7,300,000AED 4,700 per sqft
24 Mar 2022Sold by developerOff-plan
AED 5,174,899AED 3,331 per sqft

Source: Dubai Land Department. Updated 19 April 2024.

Key facts

Type
3-bed apartment
Size
1,553 sqft
Floor
47th of 54
Parking
B6-6031, B6-6032
Developer
Emaar
Completed
2023
Service charge
AED 45,500 /yr
Last sold
AED 7.3M · February 2024

About 4702, The Address Residences Dubai Opera T2

4702 is a three-bedroom apartment of 1,553 sqft on the 47th floor of The Address Residences Dubai Opera T2, a 54-storey tower in Downtown Dubai completed in 2023 by Emaar. It last sold on 22 February 2024 for AED 7,300,000, or AED 4,700 per sqft, 18% above the AED 3,967 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 19 April 2024. The current contract, signed on 19 April 2024, is AED 300,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 45,500 a year.

Sales and rents for 4702 over time

Sales
Unit 4702, each saleTypical three-bed in The Address Residences Dubai Opera T2
6M2016201920222025Typical sale price by year: 2016 AED 5,303,888; 2017 AED 5,282,888; 2018 AED 5,305,388; 2019 AED 5,321,888; 2020 AED 5,149,888; 2021 AED 5,380,999; 2022 AED 5,600,000; 2023 AED 6,312,500; 2024 AED 7,350,000; 2025 AED 7,500,000; 2026 AED 7,500,000Sold by developer, March 2022: AED 5,174,899 (AED 3,331 per sqft)Sold, February 2024: AED 7,300,000 (AED 4,700 per sqft)

4702 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4702, each contractTypical three-bed in The Address Residences Dubai Opera T2
300K350K400K2024202520262027Typical rent by year: 2024 AED 400,000; 2025 AED 395,000; 2026 AED 340,000New contract, April 2024: AED 300,000 a year

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 T2, and where 4702 sits

All 115 3-beds →

4702 last sold in February 2024 at AED 4,700 per sqft, 18% above what three-beds in The Address Residences Dubai Opera T2 were fetching at the time (AED 3,967). Over the last 12 months three-beds sold for AED 6,900,000 to 13,000,000, around AED 4,704 per sqft, and rent for AED 50,000 to 500,000 a year. 4702's AED 300,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Jul 202613,000,000
16 Jul 20267,060,000
28 Jan 20267,500,000
17 Dec 20257,500,000
7 3-bed sales in the last 12 months

The Address Residences Dubai Opera T2

Building

406 apartments, 1-bed to 5-bed over 54 floors in Downtown Dubai, completed in 2023 by Emaar. 37 sold in the last 12 months.

Typical price per sqft
AED 3,488 Down 10.3%
Typical sale
AED 4.05M
Typical rent
AED 250K /yr
Typical yield
5.9%
The Address Residences Dubai Opera T2, Downtown Dubai: prices, sales and rents →
Value
47013-bedAED 5.32M · Nov 2021
47032-bedAED 3.44M · Dec 2021
47042-bedAED 4.5M · Apr 2025
47051-bedAED 3.2M · Sep 2023
47062-bedAED 4.8M · Feb 2024
47072-bedAED 3.9M · Apr 2026
47083-bedAED 5.9M · May 2022
1–7 of 8

4702, The Address Residences Dubai Opera T2 in numbers

  • Sold twice: first on 24 March 2022 for AED 5,174,899, last on 22 February 2024 for AED 7,300,000 (AED 4,700 per sqft).
  • Rented since April 2024 on one Ejari contract, at AED 300,000 a year.
  • At AED 300,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 45,500 a year (AED 29.33 per sqft).
  • Three-beds in The Address Residences Dubai Opera T2 sold for AED 6,900,000–13,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,488 per sqft.

Source: Dubai Land Department. Updated 19 April 2024.

Questions about 4702, The Address Residences Dubai Opera T2

What did unit 4702 last sell for?

AED 7,300,000 on 22 February 2024: AED 4,700 per sqft for 1,553 sqft. The unit has 2 registered sales; the first was AED 5,174,899 in March 2022.

What is the rent for unit 4702?

AED 300,000 a year on the contract signed on 19 April 2024.

How big is unit 4702?

1,553 sqft (144.3 sqm): a three-bedroom apartment on the 47th floor of a 54-storey tower completed in 2023.

What is unit 4702 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 T2 sold for AED 6,900,000 to 13,000,000 in the last 12 months, around AED 4,704 per sqft.

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Mortgage on 4702, The Address Residences Dubai Opera T2

Starts from the last sale price (AED 7.3M, 22 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 7,300,000
Deposit, UAE resident (20%)
AED 1,460,000
Deposit, non-resident (40%)
AED 2,920,000
Monthly over 25 years at 3.7%
AED 29,867

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