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2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 6th floor · completed 2019

604, The Address Residence Sky View 1

Sold prices and rental history: sold 3 times, last in December 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 17 December 2019
Last soldAED 3.1M17 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, The Address Residence Sky View 1

What is 604 worth today?

Last sold for AED 3,100,000 in 2019

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17 Dec 2019SoldReady
AED 3,100,000AED 1,824 per sqft
21 Jun 2017SoldOff-plan
AED 3,500,000AED 2,125 per sqft
10 Dec 2013Sold by developerOff-plan
AED 4,078,888AED 2,400 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 December 2019.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
6th of 58
Parking
B2-21
Developer
Emaar
Completed
2019
Last sold
AED 3.1M · December 2019
Building
The Address Residence Sky View 1

About 604, The Address Residence Sky View 1

604 is a two-bedroom hotel apartment of 1,699 sqft on the 6th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 17 December 2019 for AED 3,100,000, or AED 1,824 per sqft, 14% below the AED 2,125 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical two-bed in The Address Residence Sky View 1
4M6M2013201720212025Typical sale price by year: 2013 AED 4,054,888; 2014 AED 4,564,500; 2015 AED 4,175,699; 2016 AED 3,943,344; 2017 AED 3,532,444; 2018 AED 3,558,888; 2019 AED 3,500,000; 2020 AED 2,737,500; 2021 AED 3,287,500; 2022 AED 4,600,000; 2023 AED 5,850,000; 2024 AED 6,550,000; 2025 AED 4,900,000; 2026 AED 6,500,000Sold by developer, December 2013: AED 4,078,888 (AED 2,400 per sqft)Sold, June 2017: AED 3,500,000 (AED 2,125 per sqft)Sold, December 2019: AED 3,100,000 (AED 1,824 per sqft)

604 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 604, each contractTypical two-bed in The Address Residence Sky View 1
200K300K2020202220242026Typical rent by year: 2020 AED 160,000; 2021 AED 212,500; 2022 AED 300,000; 2023 AED 345,000; 2024 AED 361,500; 2025 AED 320,000; 2026 AED 242,350

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 604 sits

All 153 2-beds →

604 last sold in December 2019 at AED 1,824 per sqft, 14% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,125). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Feb 20265,500,000
9 Feb 20267,620,000
22 Jan 20265,700,000
22 Jan 20266,850,000
6 2-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 →

Other units on the 6th floor

All 326 units in The Address Residence Sky View 1
Value
6013-bedAED 4.23M · Nov 2014
6032-bedAED 4.35M · Jan 2015
6053-bedAED 6.4M · Jan 2022
6062-bedAED 4.08M · Dec 2013
6072-bedAED 5.6M · Dec 2024
6081-bedAED 1.95M · Dec 2021
6091-bedAED 2.86M · Aug 2015

604, The Address Residence Sky View 1 in numbers

  • Sold 3 times: first on 10 December 2013 for AED 4,078,888, last on 17 December 2019 for AED 3,100,000 (AED 1,824 per sqft).
  • 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 17 December 2019.

Questions about 604, The Address Residence Sky View 1

What did unit 604 last sell for?

AED 3,100,000 on 17 December 2019: AED 1,824 per sqft for 1,699 sqft. The unit has 3 registered sales; the first was AED 4,078,888 in December 2013.

How big is unit 604?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 6th floor of a 58-storey tower completed in 2019.

What is unit 604 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 604, The Address Residence Sky View 1

Starts from the last sale price (AED 3.1M, 17 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

Plus AED 135,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →