1-bed · 872 sqftThe Address Residence Sky View 1, Downtown Dubai · 8th floor · completed 2019

808, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 808 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 2.3M28 April 2023
Current rentAED 192K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 808, The Address Residence Sky View 1

What is 808 worth today?

Last sold for AED 2,300,000 in 2023

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15 Aug 2024RentedRenewal
AED 192,000/yr12 months · AED 220 per sqft
15 Aug 2023RentedNew contract
AED 165,000/yr12 months · AED 189 per sqft
28 Apr 2023SoldReady
AED 2,300,000AED 2,636 per sqft
5 Dec 2021RentedRenewal
AED 140,000/yr12 months · AED 161 per sqft
5 Dec 2020RentedNew contract
AED 130,000/yr12 months · AED 149 per sqft
10 Dec 2013Sold by developerOff-plan
AED 2,113,888AED 2,423 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 August 2024.

Key facts

Type
1-bed hotel apartment
Size
872 sqft
Floor
8th of 58
Parking
B3-124
Developer
Emaar
Completed
2019
Last sold
AED 2.3M · April 2023

About 808, The Address Residence Sky View 1

808 is a one-bedroom hotel apartment of 872 sqft on the 8th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 28 April 2023 for AED 2,300,000, or AED 2,636 per sqft, in line with the AED 2,608 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 192,000 a year: a gross yield of 8.3% on the 2023 price.

Sales and rents for 808 over time

Sales
Unit 808, each saleTypical one-bed in The Address Residence Sky View 1
2M2.5M3M20132016201920222025Typical sale price by year: 2013 AED 2,064,388; 2015 AED 2,619,888; 2020 AED 2,353,541; 2021 AED 1,920,000; 2022 AED 2,187,500; 2023 AED 2,700,000; 2024 AED 3,000,000Sold by developer, December 2013: AED 2,113,888 (AED 2,423 per sqft)Sold, April 2023: AED 2,300,000 (AED 2,636 per sqft)

808 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 808, each contractTypical one-bed in The Address Residence Sky View 1
100K150K200K2020202220242026Typical rent by year: 2020 AED 112,500; 2021 AED 140,000; 2022 AED 192,500; 2023 AED 195,000; 2024 AED 210,000; 2025 AED 200,000New contract, December 2020: AED 130,000 a yearRenewal, December 2021: AED 140,000 a yearNew contract, August 2023: AED 165,000 a yearRenewal, August 2024: AED 192,000 a year

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 808 sits

All 21 1-beds →

808 last sold in April 2023 at AED 2,636 per sqft, in line with what one-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,608). 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 salesUnit no.Price (AED)Summary
6 Jan 20262,800,000
6 Feb 20253,830,000
6 Jun 20243,100,000
6 Feb 20243,000,000
2 1-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 →
Value
8013-bedAED 4.04M · Dec 2013
8032-bedAED 4.15M · Apr 2014
8042-bedAED 4.1M · Dec 2013
8053-bedAED 6.38M · Jan 2022
8062-bedAED 3.7M · Jun 2022
8072-bedAED 3.77M · Dec 2013
8091-bedAED 2.86M · Sep 2015

808, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 10 December 2013 for AED 2,113,888, last on 28 April 2023 for AED 2,300,000 (AED 2,636 per sqft).
  • Rented since December 2020 on 4 Ejari contracts, from AED 130,000 to AED 192,000 a year.
  • At AED 192,000 a year the gross yield on the 2023 price is 8.3%.
  • 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 15 August 2024.

Questions about 808, The Address Residence Sky View 1

What did unit 808 last sell for?

AED 2,300,000 on 28 April 2023: AED 2,636 per sqft for 872 sqft. The unit has 2 registered sales; the first was AED 2,113,888 in December 2013.

What is the rent for unit 808?

AED 192,000 a year on the contract renewed on 15 August 2024. The previous contract, from August 2023, was AED 165,000; the unit has been rented since December 2020.

How big is unit 808?

872 sqft (81.0 sqm): a one-bedroom hotel apartment on the 8th floor of a 58-storey tower completed in 2019.

What is unit 808 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 808, The Address Residence Sky View 1

Starts from the last sale price (AED 2.3M, 28 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →