1408, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in February 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, The Address Residence Sky View 1
What is 1408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 September 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 872 sqft
- Floor
- 14th of 58
- Parking
- B3-205
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 2.4M · February 2019
- Building
- The Address Residence Sky View 1
About 1408, The Address Residence Sky View 1
1408 is a one-bedroom hotel apartment of 872 sqft on the 14th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 20 February 2019 for AED 2,403,888, or AED 2,755 per sqft.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 27 September 2024, is AED 182,500 a year: a gross yield of 7.6% on the 2019 price.
Sales and rents for 1408 over time
1408 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 Residence Sky View 1, and where 1408 sits
All 21 1-beds →Over the last 12 months one-beds sold for AED 2,800,000 to 4,000,000, around AED 3,333 per sqft, and rent for AED 200,000 to 240,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Jan 20266 January 2026 | 872 sqft | 2,800,000 | 3,209 | ||
| 6 Feb 20256 February 2025 | 1,157 sqft | 3,830,000 | 3,310 | ||
| 6 Jun 20246 June 2024 | 872 sqft | 3,100,000 | 3,553 | ||
| 6 Feb 20246 February 2024 | 872 sqft | 3,000,000 | 3,439 |
The Address Residence Sky View 1
Building326 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2019 by Emaar. 13 sold in the last 12 months.
- Typical price per sqft
- AED 3,826 Up 0.9%
- Typical sale
- AED 6.85M
- Typical rent
- AED 275K /yr
- Typical yield
- 5.4%
Other units on the 14th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 3-bed | 1,851 sqft | AED 4MAED 4,000,000 · May 2023May 2023 | 400,000 /yr | |
| 1403 | 2-bed | 1,519 sqft | AED 3.84MAED 3,842,888 · Dec 2013December 2013 | ||
| 1404 | 2-bed | 1,647 sqft | AED 4.17MAED 4,174,888 · Jul 2016July 2016 | 340,000 /yr | |
| 1405 | 3-bed | 2,428 sqft | AED 7.28MAED 7,280,000 · Jan 2023January 2023 | 50,000 /yr | |
| 1406 | 2-bed | 1,699 sqft | AED 4.17MAED 4,174,888 · Dec 2013December 2013 | ||
| 1407 | 2-bed | 1,518 sqft | AED 3.84MAED 3,842,888 · Jan 2015January 2015 | 375,000 /yr | |
| 1409 | 1,157 sqft | AED 4MAED 4,000,000 · Nov 2025November 2025 | 125,750 /yr |
1408, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 20 February 2019 for AED 2,403,888, or AED 2,755 per sqft.
- Rented since November 2020 on 5 Ejari contracts, from AED 115,000 to AED 182,500 a year.
- At AED 182,500 a year the gross yield on the 2019 price is 7.6%.
- One-beds in The Address Residence Sky View 1 sold for AED 2,800,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,826 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 27 September 2024.
Questions about 1408, The Address Residence Sky View 1
What did unit 1408 last sell for?
AED 2,403,888 on 20 February 2019, sold by the developer: AED 2,755 per sqft for 872 sqft. It is the only registered sale of the unit.
What is the rent for unit 1408?
AED 182,500 a year on the contract signed on 27 September 2024. The previous contract, from August 2023, was AED 190,000; the unit has been rented since November 2020.
How big is unit 1408?
872 sqft (81.0 sqm): a one-bedroom hotel apartment on the 14th floor of a 58-storey tower completed in 2019.
What is unit 1408 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 Residence Sky View 1 sold for AED 2,800,000 to 4,000,000 in the last 12 months, around AED 3,333 per sqft.
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Mortgage on 1408, The Address Residence Sky View 1
Starts from the last sale price (AED 2.4M, 20 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,403,888
- Deposit, UAE resident (20%)
- AED 480,778
- Deposit, non-resident (40%)
- AED 961,555
- Monthly over 25 years at 3.7%
- AED 9,835
Plus AED 105,974 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →