CompletedDowntown Dubai

Address Residences Dubai Opera

Address Residences Dubai Opera by Emaar: 65- and 56-storey towers of serviced 1, 2 and 3-bedroom apartments plus 4 and 5-bedroom Sky Collection units in Downtown Dubai's Opera District, completed in 2023 and trading on the secondary market.

DeveloperEmaar

Entry priceAED 3.17M

CompletedMar 2023

StatusCompleted

CommunityDowntown Dubai

Overview

Project brief

BRANDED SERVICED TOWERS IN THE OPERA DISTRICT, DOWNTOWN DUBAI

Address Residences Dubai Opera is a twin-tower development by Emaar in the Opera District of Downtown Dubai, Emaar's flagship district around Burj Khalifa, The Dubai Mall and Dubai Opera. The complex sits on Sheikh Mohammed bin Rashid Boulevard, within walking distance of Burj Khalifa and Burj Lake, and carries the Address Hotels + Resorts service brand.

Emaar describes the scheme as 65- and 56-storey towers holding 1, 2 and 3-bedroom serviced apartments together with 4 and 5-bedroom Sky Collection units. Per PropSearch, the two buildings hold 809 units in total above six basement parking levels, with the second tower given over to a hotel and hotel apartments. On the Emaar floor plans, total unit areas run from 717.42 to 1,044.20 square feet for 1-bedroom apartments, 1,058.74 to 1,473.90 square feet for 2-bedroom apartments and 1,549.14 to 1,772.28 square feet for 3-bedroom apartments, with the two level-58 five-bedroom Sky Collection penthouses at 5,150.96 and 5,391.54 square feet.

Construction ran from April 2017 to March 2023, so the building trades on the secondary market rather than off-plan. Figures below reflect completed-building resale data rather than a developer launch.

PROJECT SUMMARY

Project	Address Residences Dubai Opera
Developer	Emaar
Community	Opera District, Downtown Dubai
Type	1, 2 & 3-Bedroom Serviced Apartments; 4 & 5-Bedroom Sky Collection Units
Buildings	Two (65- and 56-storey towers)
Total units (per PropSearch)	809
Status	Completed / handed over (2023)
Indicative resale entry	From approximately AED 3.17 million (2-bed, per PropSearch)

Completed building; resale availability and pricing vary by unit and are confirmed on request.

UNIT MIX & SIZES

Unit type	Suite area (sq ft)	Total area (sq ft)
1-Bedroom serviced apartment	642.93 – 984.57	717.42 – 1,044.20
2-Bedroom serviced apartment	935.38 – 1,395.54	1,058.74 – 1,473.90
3-Bedroom serviced apartment	1,392.42 – 1,531.81	1,549.14 – 1,772.28
5-Bedroom Sky Collection penthouse	4,606.63 – 4,766.80	5,150.96 – 5,391.54

Areas are taken from the Emaar floor-plan packs for both towers; total area is suite plus balcony. The packs cover Tower 2 levels 45 to 49 and Tower 1 levels 54 to 58, so the ranges reflect the layouts published for those levels rather than every floor in the building. The brochure also lists 4-bedroom Sky Collection units, for which no floor plan is held in the pack; those areas are confirmed on request.

AMENITIES

Deluxe swimming pool
State-of-the-art health club
Five-star concierge-style service
Well-equipped kids' club
Next door to Dubai Opera, a 2,000-seat multi-format venue; The Dubai Mall a two-minute walk

Amenities per the Address Residences Dubai Opera brochure; full specification confirmed on request.

THE INVESTMENT CASE

Address Residences Dubai Opera is a completed, standard-tier brief: the angle below is qualitative. Where the live Dubai Land Department transaction feed for Downtown Dubai is available, current pricing and PSF trends will be shown alongside — those figures are the basis for any comparison, not the estimates below.

DEVELOPER: EMAAR, ONE OF DUBAI'S MOST ESTABLISHED DEVELOPERS

Address Residences Dubai Opera is developed by Emaar, the developer behind many of Dubai's landmark destinations. Emaar reported revenue of AED 49.6 billion for 2025 and, with a proven delivery track record, has delivered over 125,600 residential units across Dubai and other global markets since 2002. Its portfolio includes Burj Khalifa and Dubai Mall. As a delivered building, Address Residences Dubai Opera carries none of the completion uncertainty of an off-plan purchase.

LOCATION: THE OPERA DISTRICT, STEPS FROM BURJ KHALIFA

The Opera District sits at the heart of Downtown Dubai, Emaar's flagship district around Burj Khalifa, The Dubai Mall and Dubai Opera. Address Residences Dubai Opera fronts Sheikh Mohammed bin Rashid Boulevard, with Burj Khalifa, Burj Lake, Dubai Opera and the Dubai International Financial Centre all close by. The position combines a central-Downtown address with the service infrastructure of a branded hotel residence.

APPLICABLE STRATEGIES

Buy-and-hold for rental / short-let — a completed, branded serviced tower in central Downtown supports both long-let and hotel-serviced short-let demand; yields to be confirmed against current rental evidence.
Owner-occupation — a move-in-ready serviced home in an established Downtown address with hotel amenities.
Secondary-market entry — as a delivered building, units can be inspected and income assessed before purchase, unlike an off-plan launch.

RISKS & WATCHPOINTS

Secondary-market pricing — pricing is set by individual resellers and varies by floor, view and condition; entry points should be verified on current PSF, not indicative figures.
Branded-residence premium — Address-serviced stock prices at a premium to non-branded Downtown apartments; the entry point should be weighed against that premium.
Service charges — branded serviced residences typically carry higher service charges, which affect net yield.
Supply — Downtown Dubai has a continuing delivery pipeline; concurrent handovers nearby can affect resale and rental pricing.

SOURCES

Emaar — Address Residences Dubai Opera floor-plan packs for both towers (every published layout with suite, balcony and total areas across Tower 2 levels 45–49 and Tower 1 levels 54–58, including the two level-58 five-bedroom Sky Collection penthouses) and the project brochure (65- and 56-storey towers, 1, 2 and 3-bedroom serviced apartment mix, 4 and 5-bedroom Sky Collection units, amenities, Burj Khalifa and Dubai Fountain outlook, Dubai Opera and Dubai Mall proximity).
PropSearch — The Address Residences Dubai Opera project page: https://propsearch.ae/dubai/the-address-residences-dubai-opera (809 units, six basement parking levels, hotel and hotel-apartment use of the second tower, April 2017 construction start and March 2023 completion, recent resale transaction data and indicative resale entry price).
Emaar Properties — 2025 revenue and delivery figures.
Dubai Land Department transaction data (Downtown Dubai) — live feed pending.

Location

AREA, COMMUNITY & CONNECTIVITY

Address Residences Dubai Opera is in the Downtown Dubai area.

Location record

Area: Downtown Dubai

Area and community are from our own project record, not the DLD register.

Area and community: our own project record. Neither is a survey, and neither is a substitute for your own site visit.

Developer

Emaar

Downtown Dubai

Emaar is the developer of this project in Downtown Dubai. The figures alongside describe Mitchell’s coverage of Emaar on this site and the registered sales behind it, not an assessment of the developer.

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Projects covered

182

Emaar briefs published on this site

Registered sales

From 1 of 182 briefs joined to the DLD register

Developer attribution as stated on this brief. Counts describe what Mitchell’s Realty publishes and, where shown, sales registered with the Dubai Land Department at those projects; they are not a measure of the developer’s wider portfolio or delivery record.

Method & questions

HOW TO READ THIS PAGE

Two different things sit on this page: transaction evidence taken from the Dubai Land Department’s public register, and the mechanics of buying in Dubai. The four notes below explain how the figures were built and what they can fairly be used for.

Registered, not askedEvery Dubai Land Department figure on this page comes from a sale that completed and was entered on the public register. Asking prices, portal listings and developer price lists are excluded: they record what someone hoped for, not what was paid.
Medians, not averagesProject samples are often thin, and a single penthouse or one bulk-discounted floor will pull an average a long way off. The median — the middle transaction — describes the typical unit far more reliably at these sample sizes. The count behind each figure is always shown so you can judge how much weight it deserves.
Sales only“Sales” means arm’s-length sales. Intra-family and other “Gift” transfers are excluded, as are rows registered at zero or nominal consideration, because neither is evidence of a market price.
A dated snapshotThese are a snapshot at the date stated beside them, taken from one extract of the register rather than queried live. A figure for this project quoted elsewhere, or taken from a different extract, may not match what you see here.

Common questions

What does buying off-plan at Address Residences Dubai Opera involve?

Off-plan means contracting with the developer before the building is finished. In outline: you reserve the unit, sign the developer’s Sale and Purchase Agreement (SPA), and pay in instalments tied to construction milestones rather than in a single sum at the start.

Buyer payments on an off-plan sale in Dubai are made into a project escrow account regulated under Dubai Law No. 8 of 2007, and are released to the developer against verified construction progress. The developer registers the sale with the Dubai Land Department. The contract is between you and Emaar; we act as broker, not as principal.

What is the 4% DLD transfer fee, and who pays it?

The Dubai Land Department charges a property registration (transfer) fee of 4% of the price recorded on the contract, plus a fixed administrative charge. That is the rate in force as at July 2026. The statutory position splits the fee between buyer and seller; established market practice in Dubai is that the buyer pays the whole 4%.

Developers sometimes offer to absorb part or all of it on off-plan sales. Treat that as real only where it is written into the sale documents, not where it appears in marketing. Budget separately for the registration trustee charge, the Oqood registration fee on off-plan units, and — if you are borrowing — mortgage registration at 0.25% of the loan amount.

What is an Oqood registration, and is it the same as a title deed?

No. Oqood is the Dubai Land Department’s registration system for property that is not yet complete. When you buy off-plan, the developer lodges the SPA through Oqood, your interest is recorded on the interim property register, and you receive an initial registration certificate.

The title deed is a separate and later document, issued once the project is complete and the unit is formally transferred into your name. An off-plan purchase that is never registered leaves you off that interim register, so ask for evidence of Oqood registration once your first payment has cleared.

Can a non-UAE buyer own a unit outright?

In Dubai’s designated freehold areas, yes. Regulation No. 3 of 2006 sets out the areas in which non-UAE nationals may hold freehold title or a long lease; outside those areas ownership is restricted to UAE and GCC nationals. Ownership does not depend on holding UAE residency, and no local partner is required.

Tenure attaches to the plot rather than to a development’s marketing, so confirm what is recorded against the specific unit — freehold or leasehold, and the remaining term if leasehold — before you sign.

What happens at handover?

Once the building is complete and the completion certificate issued, you are called for handover: you inspect the unit (the snagging inspection), the developer addresses the defects listed, you settle the final instalment and any outstanding fees, and the unit is transferred into your name with a title deed issued.

Annual service charges begin at handover. They are levied per square foot at a rate approved by the regulator, so they are a recurring cost rather than a one-off. If you intend to let the unit, allow for the interval between handover and the first tenancy — a vacant unit earns nothing, and gross yield is annual rent measured against the purchase price, before those costs are taken off. Emaar gives completion for Address Residences Dubai Opera as Mar 2023; off-plan completion dates can move, and the SPA governs the position.

Where do the Dubai Land Department figures on this page come from?

They are drawn from the Dubai Land Department’s public transaction register — sales actually registered against Address Residences Dubai Opera, rather than asking prices, portal listings or developer price lists. They are a dated extract of the register, not a live query: the extract date is printed with the figures, and everything on this page is calculated from that single extract.

The number of sales behind every figure is shown alongside it. A median drawn from a handful of registrations carries far less weight than one drawn from several hundred, and should be read that way.

Who is Mitchell’s Realty, and how are you paid?

Mitchell’s Realty is the trading brand. The RERA-licensed brokerage behind it is The Luxury Real Estate Brokers LLC.

On developer off-plan sales the commission is paid by the developer. On resale transactions the brokerage fee is agreed with you in writing before terms are signed. We will confirm how we are paid on any specific transaction before you commit to it.

Please note. The above is general information about how transactions work in Dubai, not legal, tax or financial advice, and it is not a recommendation to buy. Fee rates, tenure rules and residency requirements change, and your own position may differ. Take your own independent legal and tax advice before you commit to a purchase.

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