4007, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in February 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4007, The Address Residence Sky View 1
What is 4007 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 26 August 2025.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,543 sqft
- Floor
- 40th of 58
- Parking
- B3-241
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 5.13M · February 2024
- Building
- The Address Residence Sky View 1
About 4007, The Address Residence Sky View 1
4007 is a two-bedroom hotel apartment of 1,543 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 21 February 2024 for AED 5,125,000, or AED 3,320 per sqft, 9% below the AED 3,635 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 26 August 2025, is AED 280,000 a year: a gross yield of 5.5% on the 2024 price.
Sales and rents for 4007 over time
4007 has sold 3 times; 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 4007 sits
All 153 2-beds →4007 last sold in February 2024 at AED 3,320 per sqft, 9% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,635). 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. 4007's AED 280,000 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 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 | |
| 4002 | 3-bed | 2,020 sqft | AED 3.75MAED 3,750,000 · Sep 2020September 2020 | 600,000 /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, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 4 June 2013 for AED 3,606,888, last on 21 February 2024 for AED 5,125,000 (AED 3,320 per sqft).
- Rented since November 2022 on 3 Ejari contracts, from AED 310,000 to AED 280,000 a year.
- At AED 280,000 a year the gross yield on the 2024 price is 5.5%.
- 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 26 August 2025.
Questions about 4007, The Address Residence Sky View 1
What did unit 4007 last sell for?
AED 5,125,000 on 21 February 2024: AED 3,320 per sqft for 1,543 sqft. The unit has 3 registered sales; the first was AED 3,606,888 in June 2013.
What is the rent for unit 4007?
AED 280,000 a year on the contract renewed on 26 August 2025. The previous contract, from August 2024, was AED 280,000; the unit has been rented since November 2022.
How big is unit 4007?
1,543 sqft (143.3 sqm): a two-bedroom hotel apartment on the 40th floor of a 58-storey tower completed in 2019.
What is unit 4007 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 4007, The Address Residence Sky View 1
Starts from the last sale price (AED 5.13M, 21 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,125,000
- Deposit, UAE resident (20%)
- AED 1,025,000
- Deposit, non-resident (40%)
- AED 2,050,000
- Monthly over 25 years at 3.7%
- AED 20,968
Plus AED 220,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →