4002, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in September 2020, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4002, The Address Residence Sky View 1
What is 4002 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2025.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,020 sqft
- Floor
- 40th of 58
- Parking
- B2-239, B2-368, B2-369
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3.75M · September 2020
- Building
- The Address Residence Sky View 1
About 4002, The Address Residence Sky View 1
4002 is a three-bedroom hotel apartment of 2,020 sqft on the 40th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 10 September 2020 for AED 3,750,000, or AED 1,856 per sqft, in line with the AED 1,831 three-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 1 September 2025, is AED 600,000 a year: a gross yield of 16.0% on the 2020 price.
Sales and rents for 4002 over time
4002 has sold twice; 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 4002 sits
All 107 3-beds →4002 last sold in September 2020 at AED 1,856 per sqft, in line with what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,831). 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. 4002's AED 600,000 is at the top 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 40th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4001 | 2-bed | 1,329 sqft | AED 5.2MAED 5,200,000 · Jan 2024January 2024 | 172,000 /yr | |
| 4003 | 1,699 sqft | AED 6MAED 6,000,000 · Sep 2025September 2025 | 420,250 /yr | ||
| 4004 | 3-bed | 2,427 sqft | AED 7.9MAED 7,900,000 · Aug 2022August 2022 | ||
| 4005 | 2-bed | 1,699 sqft | AED 4.7MAED 4,696,531 · Feb 2014February 2014 | 450,000 /yr | |
| 4006 | 3-bed | 2,019 sqft | AED 6.85MAED 6,850,000 · Feb 2023February 2023 | 530,000 /yr | |
| 4007 | 2-bed | 1,543 sqft | AED 5.13MAED 5,125,000 · Feb 2024February 2024 | 280,000 /yr |
4002, The Address Residence Sky View 1 in numbers
- Sold twice: first on 2 December 2013 for AED 5,385,888, last on 10 September 2020 for AED 3,750,000 (AED 1,856 per sqft).
- Rented since October 2023 on 3 Ejari contracts, from AED 550,000 to AED 600,000 a year.
- At AED 600,000 a year the gross yield on the 2020 price is 16.0%.
- 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 September 2025.
Questions about 4002, The Address Residence Sky View 1
What did unit 4002 last sell for?
AED 3,750,000 on 10 September 2020: AED 1,856 per sqft for 2,020 sqft. The unit has 2 registered sales; the first was AED 5,385,888 in December 2013.
What is the rent for unit 4002?
AED 600,000 a year on the contract renewed on 1 September 2025. The previous contract, from March 2025, was AED 600,000; the unit has been rented since October 2023.
How big is unit 4002?
2,020 sqft (187.7 sqm): a three-bedroom hotel apartment on the 40th floor of a 58-storey tower completed in 2019.
What is unit 4002 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 4002, The Address Residence Sky View 1
Starts from the last sale price (AED 3.75M, 10 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 3,750,000
- Deposit, UAE resident (20%)
- AED 750,000
- Deposit, non-resident (40%)
- AED 1,500,000
- Monthly over 25 years at 3.7%
- AED 15,342
Plus AED 162,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →