508, The Address Residences Dubai Opera T2
Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2023. 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 T2
What is 508 worth today?
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Source: Dubai Land Department. Updated 9 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 793 sqft
- Floor
- 5th of 54
- Parking
- 1
- Developer
- Emaar
- Completed
- 2023
- Service charge
- AED 23,200 /yr
- Last sold
- AED 2.18M · October 2019
About 508, The Address Residences Dubai Opera T2
508 is a one-bedroom apartment of 793 sqft on the 5th floor of The Address Residences Dubai Opera T2, a 54-storey tower in Downtown Dubai completed in 2023 by Emaar. The developer sold it on 28 October 2019 for AED 2,180,144, or AED 2,750 per sqft.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 9 September 2025, is AED 185,000 a year: a gross yield of 8.5% on the 2019 price, before the service charge of about AED 23,200 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Address Residences Dubai Opera T2, and where 508 sits
All 82 1-beds →Over the last 12 months one-beds sold for AED 2,700,000 to 3,200,000, around AED 3,688 per sqft, and rent for AED 110,000 to 240,000 a year. 508's AED 185,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Aug 20265 August 2026 | 802 sqft | 2,700,000 | 3,367 | ||
| 19 Jan 202619 January 2026 | 797 sqft | 2,800,000 | 3,512 | ||
| 14 Jan 202614 January 2026 | 802 sqft | 3,200,000 | 3,989 | ||
| 8 Jan 20268 January 2026 | 802 sqft | 3,100,000 | 3,864 |
The Address Residences Dubai Opera T2
Building406 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%
Other units on the 5th floor
All 406 units in The Address Residences Dubai Opera T2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,671 sqft | AED 5.05MAED 5,046,888 · Jul 2016July 2016 | ||
| 502 | 3-bed | 1,560 sqft | AED 6.65MAED 6,650,000 · May 2025May 2025 | ||
| 503 | 2-bed | 1,260 sqft | AED 3MAED 3,003,888 · Feb 2017February 2017 | 250,000 /yr | |
| 504 | 2-bed | 1,186 sqft | AED 3.7MAED 3,700,000 · Apr 2026April 2026 | 238,717 /yr | |
| 505 | 1-bed | 797 sqft | AED 2.2MAED 2,200,000 · Sep 2023September 2023 | 140,000 /yr | |
| 506 | 1-bed | 797 sqft | AED 3MAED 3,000,000 · Feb 2024February 2024 | ||
| 507 | 1-bed | 803 sqft | AED 2.17MAED 2,174,888 · Jul 2016July 2016 | ||
| 509 | 2-bed | 1,334 sqft | AED 5.5MAED 5,500,000 · Oct 2024October 2024 | 230,000 /yr | |
| 510 | 2-bed | 1,439 sqft | AED 4.01MAED 4,006,888 · Jul 2016July 2016 | 285,000 /yr |
508, The Address Residences Dubai Opera T2 in numbers
- Sold once: by Emaar on 28 October 2019 for AED 2,180,144, or AED 2,750 per sqft.
- Rented since June 2023 on 5 Ejari contracts. The rent fell from AED 230,000 to AED 66,000 in 2025 and recovered to AED 185,000 by September 2025.
- At AED 185,000 a year the gross yield on the 2019 price is 8.5%, before a service charge of about AED 23,200 a year (AED 29.33 per sqft).
- One-beds in The Address Residences Dubai Opera T2 sold for AED 2,700,000–3,200,000 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 9 September 2025.
Questions about 508, The Address Residences Dubai Opera T2
What did unit 508 last sell for?
AED 2,180,144 on 28 October 2019, sold by the developer: AED 2,750 per sqft for 793 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 185,000 a year on the contract renewed on 9 September 2025. The previous contract, from September 2025, was AED 66,000; the unit has been rented since June 2023.
How big is unit 508?
793 sqft (73.7 sqm): a one-bedroom apartment on the 5th floor of a 54-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. One-beds in The Address Residences Dubai Opera T2 sold for AED 2,700,000 to 3,200,000 in the last 12 months, around AED 3,688 per sqft.
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Mortgage on 508, The Address Residences Dubai Opera T2
Starts from the last sale price (AED 2.18M, 28 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,180,144
- Deposit, UAE resident (20%)
- AED 436,029
- Deposit, non-resident (40%)
- AED 872,058
- Monthly over 25 years at 3.7%
- AED 8,920
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →