3-bed · 2,427 sqftThe Address Residence Sky View 1, Downtown Dubai · 17th floor · completed 2019

1704, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in October 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 1 October 2020
Last soldAED 4.5M1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, The Address Residence Sky View 1

What is 1704 worth today?

Last sold for AED 4,500,000 in 2020

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1 Oct 2020SoldReady
AED 4,500,000AED 1,853 per sqft
6 Oct 2013Sold by developerOff-plan
AED 5,750,888AED 2,369 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2020.

Key facts

Type
3-bed hotel apartment
Size
2,427 sqft
Floor
17th of 58
Parking
B3-438, B3-181, B3-182
Developer
Emaar
Completed
2019
Last sold
AED 4.5M · October 2020

About 1704, The Address Residence Sky View 1

1704 is a three-bedroom hotel apartment of 2,427 sqft on the 17th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 1 October 2020 for AED 4,500,000, or AED 1,853 per sqft, in line with the AED 1,842 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1704 over time

Sales
Unit 1704, each saleTypical three-bed in The Address Residence Sky View 1
4M6M8M2013201720212025Typical sale price by year: 2013 AED 5,360,888; 2014 AED 5,981,677; 2015 AED 6,181,388; 2016 AED 6,421,888; 2017 AED 4,827,533; 2018 AED 6,394,559; 2019 AED 6,121,888; 2020 AED 4,350,000; 2021 AED 5,875,000; 2022 AED 6,225,000; 2023 AED 7,350,000; 2024 AED 8,425,000; 2025 AED 8,300,000Sold by developer, October 2013: AED 5,750,888 (AED 2,369 per sqft)Sold, October 2020: AED 4,500,000 (AED 1,853 per sqft)

1704 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1704, each contractTypical three-bed in The Address Residence Sky View 1
200K400K2020202220242026Typical rent by year: 2020 AED 235,000; 2021 AED 290,000; 2022 AED 450,000; 2023 AED 527,500; 2024 AED 538,216; 2025 AED 540,000

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 Residence Sky View 1, and where 1704 sits

All 107 3-beds →

1704 last sold in October 2020 at AED 1,853 per sqft, in line with what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,842). Over the last 12 months three-beds sold for AED 8,599,992 to 12,800,000, around AED 4,284 per sqft, and rent for AED 580,000 to 600,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Jan 202612,800,000
15 Jan 20268,700,000
31 Jul 20258,000,000
9 May 20258,000,000
4 3-bed sales in the last 12 months

The Address Residence Sky View 1

Building

326 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%
The Address Residence Sky View 1, Downtown Dubai: prices, sales and rents →
Value
17012-bedAED 3.45M · Apr 2016
17023-bedAED 8.2M · Nov 2023
17032-bedAED 4.35M · Dec 2013
17052-bedAED 6.05M · Dec 2022
17063-bedAED 8M · Jul 2025
17072-bedAED 3.06M · Jun 2021

1704, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 6 October 2013 for AED 5,750,888, last on 1 October 2020 for AED 4,500,000 (AED 1,853 per sqft).
  • Three-beds in The Address Residence Sky View 1 sold for AED 8,599,992–12,800,000 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 1 October 2020.

Questions about 1704, The Address Residence Sky View 1

What did unit 1704 last sell for?

AED 4,500,000 on 1 October 2020: AED 1,853 per sqft for 2,427 sqft. The unit has 2 registered sales; the first was AED 5,750,888 in October 2013.

How big is unit 1704?

2,427 sqft (225.5 sqm): a three-bedroom hotel apartment on the 17th floor of a 58-storey tower completed in 2019.

What is unit 1704 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 Residence Sky View 1 sold for AED 8,599,992 to 12,800,000 in the last 12 months, around AED 4,284 per sqft.

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Mortgage on 1704, The Address Residence Sky View 1

Starts from the last sale price (AED 4.5M, 1 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

Plus AED 194,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →