3-bed · 2,019 sqftThe Address Residence Sky View 1, Downtown Dubai · 37th floor · completed 2019

3706, 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 3706 · DLD and Ejari recordsUpdated 6 October 2020
Last soldAED 3.95M6 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3706, The Address Residence Sky View 1

What is 3706 worth today?

Last sold for AED 3,950,000 in 2020

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6 Oct 2020SoldReady
AED 3,950,000AED 1,956 per sqft
28 Nov 2013Sold by developerOff-plan
AED 5,355,888AED 2,652 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 October 2020.

Key facts

Type
3-bed hotel apartment
Size
2,019 sqft
Floor
37th of 58
Parking
B2-9, B2-205
Developer
Emaar
Completed
2019
Last sold
AED 3.95M · October 2020

About 3706, The Address Residence Sky View 1

3706 is a three-bedroom hotel apartment of 2,019 sqft on the 37th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 6 October 2020 for AED 3,950,000, or AED 1,956 per sqft, 6% above the AED 1,853 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3706 over time

Sales
Unit 3706, each saleTypical three-bed in The Address Residence Sky View 1
5M7.5M2013201720212025Typical 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, November 2013: AED 5,355,888 (AED 2,652 per sqft)Sold, October 2020: AED 3,950,000 (AED 1,956 per sqft)

3706 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3706, 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 3706 sits

All 107 3-beds →

3706 last sold in October 2020 at AED 1,956 per sqft, 6% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,853). 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
37012-bedAED 4.1M · Jan 2023
37023-bedAED 5.36M · Nov 2013
3703AED 4.56M · Dec 2013
37043-bedAED 5.95M · Dec 2013
37052-bedAED 4.5M · Jul 2021
37072-bedAED 3.59M · Nov 2013

3706, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 28 November 2013 for AED 5,355,888, last on 6 October 2020 for AED 3,950,000 (AED 1,956 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 6 October 2020.

Questions about 3706, The Address Residence Sky View 1

What did unit 3706 last sell for?

AED 3,950,000 on 6 October 2020: AED 1,956 per sqft for 2,019 sqft. The unit has 2 registered sales; the first was AED 5,355,888 in November 2013.

How big is unit 3706?

2,019 sqft (187.6 sqm): a three-bedroom hotel apartment on the 37th floor of a 58-storey tower completed in 2019.

What is unit 3706 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 3706, The Address Residence Sky View 1

Starts from the last sale price (AED 3.95M, 6 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,950,000
Deposit, UAE resident (20%)
AED 790,000
Deposit, non-resident (40%)
AED 1,580,000
Monthly over 25 years at 3.7%
AED 16,161

Plus AED 170,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →