3401, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in July 2016, 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 3401, The Address Residence Sky View 1
What is 3401 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 4 January 2025.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,329 sqft
- Floor
- 34th of 58
- Parking
- B3-199
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 2.88M · July 2016
- Building
- The Address Residence Sky View 1
About 3401, The Address Residence Sky View 1
3401 is a two-bedroom hotel apartment of 1,329 sqft on the 34th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 25 July 2016 for AED 2,884,598, or AED 2,170 per sqft, 17% below the AED 2,629 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 4 January 2025, is AED 290,000 a year: a gross yield of 10.1% on the 2016 price.
Sales and rents for 3401 over time
3401 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Address Residence Sky View 1, and where 3401 sits
All 153 2-beds →3401 last sold in July 2016 at AED 2,170 per sqft, 17% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,629). Over the last 12 months two-beds sold for AED 4,850,000 to 7,620,000, around AED 3,789 per sqft, and rent for AED 209,700 to 450,000 a year. 3401's AED 290,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 1,518 sqft | 5,500,000 | 3,622 | ||
| 9 Feb 20269 February 2026 | 1,699 sqft | 7,620,000 | 4,484 | ||
| 22 Jan 202622 January 2026 | 1,519 sqft | 5,700,000 | 3,752 | ||
| 22 Jan 202622 January 2026 | 1,699 sqft | 6,850,000 | 4,032 |
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 34th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3402 | 3-bed | 2,020 sqft | AED 5.33MAED 5,325,888 · Nov 2015November 2015 | 600,000 /yr | |
| 3403 | 2-bed | 1,699 sqft | No registered sale | ||
| 3404 | 3-bed | 2,427 sqft | AED 6.39MAED 6,394,559 · Jan 2018January 2018 | 565,000 /yr | |
| 3405 | 2-bed | 170 sqft | AED 700KAED 700,000 · May 2025May 2025 | 350,000 /yr | |
| 3406 | 3-bed | 2,019 sqft | AED 8.9MAED 8,900,000 · Mar 2024March 2024 | 550,000 /yr | |
| 3407 | 2-bed | 1,543 sqft | AED 1.73MAED 1,725,000 · Jul 2022July 2022 |
3401, The Address Residence Sky View 1 in numbers
- Sold twice: first on 3 December 2013 for AED 3,169,888, last on 25 July 2016 for AED 2,884,598 (AED 2,170 per sqft).
- Rented since April 2020 on 6 Ejari contracts. The rent fell from AED 200,000 to AED 155,000 in 2021 and recovered to AED 290,000 by January 2025.
- At AED 290,000 a year the gross yield on the 2016 price is 10.1%.
- Two-beds in The Address Residence Sky View 1 sold for AED 4,850,000–7,620,000 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 4 January 2025.
Questions about 3401, The Address Residence Sky View 1
What did unit 3401 last sell for?
AED 2,884,598 on 25 July 2016: AED 2,170 per sqft for 1,329 sqft. The unit has 2 registered sales; the first was AED 3,169,888 in December 2013.
What is the rent for unit 3401?
AED 290,000 a year on the contract signed on 4 January 2025. The previous contract, from November 2023, was AED 285,000; the unit has been rented since April 2020.
How big is unit 3401?
1,329 sqft (123.5 sqm): a two-bedroom hotel apartment on the 34th floor of a 58-storey tower completed in 2019.
What is unit 3401 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Address Residence Sky View 1 sold for AED 4,850,000 to 7,620,000 in the last 12 months, around AED 3,789 per sqft.
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Mortgage on 3401, The Address Residence Sky View 1
Starts from the last sale price (AED 2.88M, 25 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,884,598
- Deposit, UAE resident (20%)
- AED 576,920
- Deposit, non-resident (40%)
- AED 1,153,839
- Monthly over 25 years at 3.7%
- AED 11,802
Plus AED 126,163 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →