1-bed · 738 sqftThe Address Downtown Hotel, Downtown Dubai · 50th floor

5002, The Address Downtown Hotel

Sold prices and rental history: sold twice, last in June 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5002 · DLD and Ejari recordsUpdated 15 June 2023
Last soldAED 3.7M15 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5002, The Address Downtown Hotel

What is 5002 worth today?

Last sold for AED 3,700,000 in 2023

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15 Jun 2023SoldReady
AED 3,700,000AED 5,013 per sqft
27 Sep 2009Sold by developerReady
AED 1,690,888AED 2,291 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2023.

Key facts

Type
1-bed hotel apartment
Size
738 sqft
Floor
50th of 60
Parking
P3-62
Last sold
AED 3.7M · June 2023

About 5002, The Address Downtown Hotel

5002 is a one-bedroom hotel apartment of 738 sqft on the 50th floor of The Address Downtown Hotel, a 60-storey tower in Downtown Dubai. It last sold on 15 June 2023 for AED 3,700,000, or AED 5,013 per sqft, 78% above the AED 2,820 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5002 over time

Sales
Unit 5002, each saleTypical one-bed in The Address Downtown Hotel
2M3M4M2009201420192024Typical sale price by year: 2009 AED 1,575,000; 2010 AED 1,498,888; 2011 AED 1,686,444; 2012 AED 2,050,000; 2013 AED 3,375,000; 2014 AED 3,613,440; 2015 AED 3,250,000; 2016 AED 2,300,000; 2017 AED 3,150,000; 2018 AED 2,325,000; 2019 AED 1,800,000; 2020 AED 1,500,000; 2021 AED 1,965,000; 2022 AED 2,307,658; 2023 AED 2,840,675; 2024 AED 3,098,750; 2025 AED 3,500,000; 2026 AED 3,425,000Sold by developer, September 2009: AED 1,690,888 (AED 2,291 per sqft)Sold, June 2023: AED 3,700,000 (AED 5,013 per sqft)

5002 has sold twice; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Downtown Hotel, and where 5002 sits

All 321 1-beds →

5002 last sold in June 2023 at AED 5,013 per sqft, 78% above what one-beds in The Address Downtown Hotel were fetching at the time (AED 2,820). Over the last 12 months one-beds sold for AED 3,000,000 to 5,500,000, around AED 4,742 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Feb 20263,300,000
2 Feb 20263,500,000
30 Jan 20265,500,000
28 Jan 20263,900,000
12 1-bed sales in the last 12 months

The Address Downtown Hotel

Building

624 apartments, studios to 4-bed over 60 floors in Downtown Dubai. 20 sold in the last 12 months.

Typical price per sqft
AED 4,725 Up 7.8%
Typical sale
AED 3.84M
Typical rent
Few contracts
Typical yield
The Address Downtown Hotel, Downtown Dubai: prices, sales and rents →

Other units on the 50th floor

All 624 units in The Address Downtown Hotel
Value
50012-bedAED 8.5M · Jun 2023
50031-bedAED 3.7M · Jun 2023
50041-bedAED 3.7M · Jun 2023
50052-bedAED 8.5M · Jun 2023
50061-bedAED 4.2M · Jun 2023
50071-bedAED 3.7M · Jun 2023
50081-bedAED 2.3M · Jun 2023
1–7 of 10

5002, The Address Downtown Hotel in numbers

  • Sold twice: first on 27 September 2009 for AED 1,690,888, last on 15 June 2023 for AED 3,700,000 (AED 5,013 per sqft).
  • One-beds in The Address Downtown Hotel sold for AED 3,000,000–5,500,000 in the 12 months to November 2026; the building's median across all types is AED 4,725 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2023.

Questions about 5002, The Address Downtown Hotel

What did unit 5002 last sell for?

AED 3,700,000 on 15 June 2023: AED 5,013 per sqft for 738 sqft. The unit has 2 registered sales; the first was AED 1,690,888 in September 2009.

How big is unit 5002?

738 sqft (68.6 sqm): a one-bedroom hotel apartment on the 50th floor of a 60-storey tower.

What is unit 5002 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 Downtown Hotel sold for AED 3,000,000 to 5,500,000 in the last 12 months, around AED 4,742 per sqft.

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Mortgage on 5002, The Address Downtown Hotel

Starts from the last sale price (AED 3.7M, 15 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

Plus AED 160,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →