709, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in August 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 709, The Address Residence Sky View 1
What is 709 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 2 August 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,157 sqft
- Floor
- 7th of 58
- Parking
- B3-115
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3M · August 2023
- Building
- The Address Residence Sky View 1
About 709, The Address Residence Sky View 1
709 is a one-bedroom hotel apartment of 1,157 sqft on the 7th 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 2023 for AED 3,000,000, or AED 2,593 per sqft, in line with the AED 2,601 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 2 August 2024, is AED 220,000 a year: a gross yield of 7.3% on the 2023 price.
Sales and rents for 709 over time
709 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Address Residence Sky View 1, and where 709 sits
All 21 1-beds →709 last sold in August 2023 at AED 2,593 per sqft, in line with what one-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,601). Over the last 12 months one-beds sold for AED 2,800,000 to 4,000,000, around AED 3,333 per sqft, and rent for AED 200,000 to 240,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Jan 20266 January 2026 | 872 sqft | 2,800,000 | 3,209 | ||
| 6 Feb 20256 February 2025 | 1,157 sqft | 3,830,000 | 3,310 | ||
| 6 Jun 20246 June 2024 | 872 sqft | 3,100,000 | 3,553 | ||
| 6 Feb 20246 February 2024 | 872 sqft | 3,000,000 | 3,439 |
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 | |
| 703 | 2-bed | 1,519 sqft | AED 3.76MAED 3,758,888 · Dec 2013December 2013 | 365,000 /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, The Address Residence Sky View 1 in numbers
- Sold twice: first on 10 December 2013 for AED 2,462,888, last on 23 August 2023 for AED 3,000,000 (AED 2,593 per sqft).
- Rented since July 2021 on 3 Ejari contracts, from AED 145,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2023 price is 7.3%.
- One-beds in The Address Residence Sky View 1 sold for AED 2,800,000–4,000,000 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 2 August 2024.
Questions about 709, The Address Residence Sky View 1
What did unit 709 last sell for?
AED 3,000,000 on 23 August 2023: AED 2,593 per sqft for 1,157 sqft. The unit has 2 registered sales; the first was AED 2,462,888 in December 2013.
What is the rent for unit 709?
AED 220,000 a year on the contract signed on 2 August 2024. The previous contract, from July 2022, was AED 145,000; the unit has been rented since July 2021.
How big is unit 709?
1,157 sqft (107.5 sqm): a one-bedroom hotel apartment on the 7th floor of a 58-storey tower completed in 2019.
What is unit 709 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address Residence Sky View 1 sold for AED 2,800,000 to 4,000,000 in the last 12 months, around AED 3,333 per sqft.
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Mortgage on 709, The Address Residence Sky View 1
Starts from the last sale price (AED 3M, 23 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus AED 131,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →