Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 3-BR + Maid's IN ADDRESS SKY VIEW - TOWER 1 — distress deal in Downtown Dubai from Mitchell's Commercial Real EstateADDRESS SKY VIEW - TOWER 1 · Downtown Dubai

Emaar · Downtown Dubai

DISTRESS DEAL: 3-BR + Maid's IN ADDRESS SKY VIEW - TOWER 1

Asking price as listedAED 6,800,000AED 3,674 per sq.ft
Original price + DLDAED 7,500,000
DiscountAED 700,0009.3% below original price
Unit
3-BR + Maid's
Size
1,851 sq.ft
Developer
Emaar

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 7 July 2026Status confirmed 17 September 2026

This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 7 July 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

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Payment breakdown

Total cost for buyer, as listedAED 7,220,090Everything due at transfer, plus the balance of the payment plan.
Unit priceAED 6,800,000
At transferDue at transferAED 7,220,090Payable when the unit transfers to the buyer.
  • Payment to sellerAED 7,000,000
  • DLD Transfer fee 4% + 40 AEDAED 280,040
  • DLD Registration Trustee fee + 5%VATAED 5,250
  • Buyer's agent comission 2% + 5%VATAED 147,000
  • Total on transferAED 7,220,090

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Floor plan

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Floor plan

Floor plan for DISTRESS DEAL: 3-BR + Maid's IN ADDRESS SKY VIEW - TOWER 1

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a 3-bedroom plus maid’s apartment in Address Sky View – Tower 1, developed by Emaar and situated in the heart of Downtown Dubai. The property is fully furnished, ready for immediate occupation, and vacant. With a generous size of 1,851 sq.ft, it is positioned on a mid-to-high floor (levels 12–20), offering sea and Sheikh Zayed Road views. The asking price stands at AED 6,800,000, which is approximately 9.3% below the current reference price of AED 7,500,000. This translates to a price per square foot of AED 3,674, presenting a notable discount for a branded, ready residence in one of Dubai’s most sought-after towers. The total buyer cost, including transfer, is AED 7,432,290, with no remaining payment plan obligations. The immediate investment thesis centres on acquiring a high-specification, fully serviced apartment in a prime address at a clear discount to prevailing market values, with the potential for both capital appreciation and strong rental yields.

LOCATION & TRANSPORT

Address Sky View occupies a prominent position in Downtown Dubai, one of the city’s flagship districts. The development is directly linked to the Dubai Metro and The Dubai Mall via an air-conditioned travelator, ensuring seamless access to key retail, dining, and entertainment destinations. Sheikh Zayed Road is immediately accessible by car, providing rapid connections to the wider city, Dubai International Airport, and business hubs such as DIFC and Business Bay. The central location appeals to both residents and tenants seeking convenience and connectivity, with public transport, taxis, and major road networks all within easy reach. The area is well-served by pedestrian walkways, and the tower’s position offers panoramic views of the Gulf and Downtown skyline.

AMENITIES & SURROUNDING

Residents of Address Sky View benefit from a comprehensive suite of amenities, reflecting the project’s collaboration with Address Hotels + Resorts. The building features a rooftop infinity pool on the Sky Bridge, offering 360-degree vistas of Downtown Dubai and the Gulf. Additional facilities include a state-of-the-art fitness centre, spa, and wellness areas, as well as multiple dining options, including signature restaurants and lounges. The development also provides 24-hour concierge and security services, housekeeping, and valet parking. The apartment comes with two dedicated parking spaces and access to communal spaces designed for both relaxation and social gatherings. The wider Downtown Dubai area offers landscaped parks, world-class retail at The Dubai Mall, and cultural attractions such as the Dubai Opera, all within walking distance.

MARKET

The Address Sky View is positioned at the upper end of the Downtown Dubai residential market, benefiting from its branded residence status and direct association with Emaar and Address Hotels + Resorts. Branded residences in this district typically command a price premium due to their design, services, and international recognition. The current asking price, set 9.3% below the reference market value, provides a competitive entry point for investors. The property’s size, layout, and views enhance its rentability, appealing to both long-term tenants and short-term serviced accommodation operators. Liquidity in this segment is generally robust, supported by ongoing demand from international buyers and tenants seeking high-quality, centrally located accommodation. However, investors should consider potential risks such as fluctuations in rental demand linked to macroeconomic factors, and the impact of new supply in the Downtown area. Nonetheless, the combination of brand, location, and discount pricing positions this unit favourably for both yield and capital growth strategies.

CONCLUSION

For investors seeking a ready, fully furnished apartment in a landmark Downtown Dubai address, this 3-bedroom plus maid’s unit in Address Sky View – Tower 1 offers a compelling proposition. The 9.3% discount to prevailing market values provides immediate value, while the project’s amenities, services, and connectivity underpin its long-term appeal to both tenants and end-users. The branded residence model, coupled with Emaar’s reputation, supports liquidity and marketability, though investors should remain mindful of broader market cycles and potential competition from new developments. Overall, this property represents a balanced opportunity for those prioritising location, quality, and a clear pricing advantage in Dubai’s dynamic residential market.

Location

ADDRESS SKY VIEW - TOWER 1 — Downtown Dubai

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Illustrative model

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Set your own assumptions and see how DISTRESS DEAL: 3-BR + Maid's IN ADDRESS SKY VIEW - TOWER 1 behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

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Holding & income

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Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

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Exit

1 to 40 years.

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Method
Handover
The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield
Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield
(Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth
Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI
Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE
Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return
Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR
The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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