4505, The Address Residence Sky View 1
Sold prices and rental history: sold 3 times, last in August 2022, and rented once, from January 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4505, The Address Residence Sky View 1
What is 4505 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 August 2022.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,134 sqft
- Floor
- 45th of 58
- Parking
- B2-247, B2-229, B2-230
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 6.45M · August 2022
- Building
- The Address Residence Sky View 1
About 4505, The Address Residence Sky View 1
4505 is a three-bedroom hotel apartment of 2,134 sqft on the 45th 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 6,450,000, or AED 3,022 per sqft, 7% above the AED 2,832 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 27 January 2022. The current contract, signed on 27 January 2022, is AED 400,000 a year: a gross yield of 6.2% on the 2022 price.
Sales and rents for 4505 over time
4505 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 4505 sits
All 107 3-beds →4505 last sold in August 2022 at AED 3,022 per sqft, 7% 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. 4505's AED 400,000 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 45th floor
All 326 units in The Address Residence Sky View 14505, The Address Residence Sky View 1 in numbers
- Sold 3 times: first on 7 October 2013 for AED 4,993,888, last on 23 August 2022 for AED 6,450,000 (AED 3,022 per sqft).
- Rented since January 2022 on one Ejari contract, at AED 400,000 a year.
- At AED 400,000 a year the gross yield on the 2022 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 23 August 2022.
Questions about 4505, The Address Residence Sky View 1
What did unit 4505 last sell for?
AED 6,450,000 on 23 August 2022: AED 3,022 per sqft for 2,134 sqft. The unit has 3 registered sales; the first was AED 4,993,888 in October 2013.
What is the rent for unit 4505?
AED 400,000 a year on the contract signed on 27 January 2022.
How big is unit 4505?
2,134 sqft (198.3 sqm): a three-bedroom hotel apartment on the 45th floor of a 58-storey tower completed in 2019.
What is unit 4505 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 4505, The Address Residence Sky View 1
Starts from the last sale price (AED 6.45M, 23 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 6,450,000
- Deposit, UAE resident (20%)
- AED 1,290,000
- Deposit, non-resident (40%)
- AED 2,580,000
- Monthly over 25 years at 3.7%
- AED 26,389
Plus AED 275,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →