3-bed · 2,427 sqftThe Address Residence Sky View 1, Downtown Dubai · 40th floor · completed 2019

4004, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4004 · DLD and Ejari recordsUpdated 23 August 2022
Last soldAED 7.9M23 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4004, The Address Residence Sky View 1

What is 4004 worth today?

Last sold for AED 7,900,000 in 2022

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23 Aug 2022SoldReady
AED 7,900,000AED 3,254 per sqft
2 Dec 2013Sold by developerOff-plan
AED 5,681,844AED 2,340 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 August 2022.

Key facts

Type
3-bed hotel apartment
Size
2,427 sqft
Floor
40th of 58
Parking
B3-440, B3-401, B3-402
Developer
Emaar
Completed
2019
Last sold
AED 7.9M · August 2022

About 4004, The Address Residence Sky View 1

4004 is a three-bedroom hotel apartment of 2,427 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 23 August 2022 for AED 7,900,000, or AED 3,254 per sqft, 15% above the AED 2,832 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4004 over time

Sales
Unit 4004, 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, December 2013: AED 5,681,844 (AED 2,340 per sqft)Sold, August 2022: AED 7,900,000 (AED 3,254 per sqft)

4004 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4004, 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 4004 sits

All 107 3-beds →

4004 last sold in August 2022 at AED 3,254 per sqft, 15% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,832). 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
40012-bedAED 5.2M · Jan 2024
40023-bedAED 3.75M · Sep 2020
4003AED 6M · Sep 2025
40052-bedAED 4.7M · Feb 2014
40063-bedAED 6.85M · Feb 2023
40072-bedAED 5.13M · Feb 2024

4004, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 2 December 2013 for AED 5,681,844, last on 23 August 2022 for AED 7,900,000 (AED 3,254 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 23 August 2022.

Questions about 4004, The Address Residence Sky View 1

What did unit 4004 last sell for?

AED 7,900,000 on 23 August 2022: AED 3,254 per sqft for 2,427 sqft. The unit has 2 registered sales; the first was AED 5,681,844 in December 2013.

How big is unit 4004?

2,427 sqft (225.5 sqm): a three-bedroom hotel apartment on the 40th floor of a 58-storey tower completed in 2019.

What is unit 4004 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 4004, The Address Residence Sky View 1

Starts from the last sale price (AED 7.9M, 23 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 7,900,000
Deposit, UAE resident (20%)
AED 1,580,000
Deposit, non-resident (40%)
AED 3,160,000
Monthly over 25 years at 3.7%
AED 32,321

Plus AED 336,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →