703, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, The Address Residence Sky View 1
What is 703 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 December 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,519 sqft
- Floor
- 7th of 58
- Parking
- B3-484
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3.76M · December 2013
- Building
- The Address Residence Sky View 1
About 703, The Address Residence Sky View 1
703 is a two-bedroom hotel apartment of 1,519 sqft on the 7th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 10 December 2013 for AED 3,758,888, or AED 2,474 per sqft, in line with the AED 2,471 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 3 December 2024, is AED 365,000 a year: a gross yield of 9.7% on the 2013 price.
Sales and rents for 703 over time
703 has sold once; 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 703 sits
All 153 2-beds →703 last sold in December 2013 at AED 2,474 per sqft, in line with what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,471). 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. 703's AED 365,000 is in the upper 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 7th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,851 sqft | AED 4.03MAED 4,034,888 · Dec 2013December 2013 | 300,000 /yr | |
| 704 | 2-bed | 1,647 sqft | AED 4.09MAED 4,090,888 · Dec 2013December 2013 | ||
| 705 | 2,428 sqft | AED 8.7MAED 8,700,000 · May 2025May 2025 | |||
| 706 | 2-bed | 1,699 sqft | AED 5MAED 5,000,000 · Jun 2023June 2023 | ||
| 707 | 2-bed | 1,518 sqft | AED 4.2MAED 4,200,000 · Jan 2023January 2023 | ||
| 708 | 1-bed | 872 sqft | AED 2.05MAED 2,047,888 · Dec 2013December 2013 | 210,000 /yr | |
| 709 | 1-bed | 1,157 sqft | AED 3MAED 3,000,000 · Aug 2023August 2023 | 220,000 /yr |
703, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 10 December 2013 for AED 3,758,888, or AED 2,474 per sqft.
- Rented since October 2020 on 5 Ejari contracts, from AED 170,000 to AED 365,000 a year.
- At AED 365,000 a year the gross yield on the 2013 price is 9.7%.
- 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 3 December 2024.
Questions about 703, The Address Residence Sky View 1
What did unit 703 last sell for?
AED 3,758,888 on 10 December 2013, sold by the developer: AED 2,474 per sqft for 1,519 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 365,000 a year on the contract renewed on 3 December 2024. The previous contract, from December 2023, was AED 363,048; the unit has been rented since October 2020.
How big is unit 703?
1,519 sqft (141.1 sqm): a two-bedroom hotel apartment on the 7th floor of a 58-storey tower completed in 2019.
What is unit 703 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 703, The Address Residence Sky View 1
Starts from the last sale price (AED 3.76M, 10 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 3,758,888
- Deposit, UAE resident (20%)
- AED 751,778
- Deposit, non-resident (40%)
- AED 1,503,555
- Monthly over 25 years at 3.7%
- AED 15,379
Plus AED 162,884 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →