3406, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in March 2024, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3406, The Address Residence Sky View 1
What is 3406 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,019 sqft
- Floor
- 34th of 58
- Parking
- B2-8, B2-204
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 8.9M · March 2024
- Building
- The Address Residence Sky View 1
About 3406, The Address Residence Sky View 1
3406 is a three-bedroom hotel apartment of 2,019 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 5 March 2024 for AED 8,900,000, or AED 4,408 per sqft, 47% above the AED 3,000 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 18 November 2022. The current contract, signed on 18 November 2022, is AED 550,000 a year: a gross yield of 6.2% on the 2024 price.
Sales and rents for 3406 over time
3406 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 3406 sits
All 107 3-beds →3406 last sold in March 2024 at AED 4,408 per sqft, 47% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,000). 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. 3406's AED 550,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 2,428 sqft | 12,800,000 | 5,272 | ||
| 15 Jan 202615 January 2026 | 2,019 sqft | 8,700,000 | 4,309 | ||
| 31 Jul 202531 July 2025 | 2,019 sqft | 8,000,000 | 3,962 | ||
| 9 May 20259 May 2025 | 2,020 sqft | 8,000,000 | 3,960 |
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 | |||||
|---|---|---|---|---|---|
| 3401 | 2-bed | 1,329 sqft | AED 2.88MAED 2,884,598 · Jul 2016July 2016 | 290,000 /yr | |
| 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 | |
| 3407 | 2-bed | 1,543 sqft | AED 1.73MAED 1,725,000 · Jul 2022July 2022 |
3406, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 28 November 2013 for AED 5,325,888, last on 5 March 2024 for AED 8,900,000 (AED 4,408 per sqft).
- Rented since November 2022 on one Ejari contract, at AED 550,000 a year.
- At AED 550,000 a year the gross yield on the 2024 price is 6.2%.
- 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 5 March 2024.
Questions about 3406, The Address Residence Sky View 1
What did unit 3406 last sell for?
AED 8,900,000 on 5 March 2024: AED 4,408 per sqft for 2,019 sqft. The unit has 3 registered sales; the first was AED 5,325,888 in November 2013.
What is the rent for unit 3406?
AED 550,000 a year on the contract signed on 18 November 2022.
How big is unit 3406?
2,019 sqft (187.6 sqm): a three-bedroom hotel apartment on the 34th floor of a 58-storey tower completed in 2019.
What is unit 3406 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 3406, The Address Residence Sky View 1
Starts from the last sale price (AED 8.9M, 5 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 8,900,000
- Deposit, UAE resident (20%)
- AED 1,780,000
- Deposit, non-resident (40%)
- AED 3,560,000
- Monthly over 25 years at 3.7%
- AED 36,413
Plus AED 378,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →