The Address Residence Sky View — project image
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The Address Residence Sky View

From AED 5.10M·Completed Nov 2019·Developer payment plan available Payment
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AED 5.10M
Starting Price
Nov 2019
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

The Address Residence Sky View is an ultra-modern hotel apartment complex by Emaar Properties, located in the heart of Downtown Dubai. The project consists of two elegant towers, which are connected on the upper levels by an impressive sky bridge. The complex features a multi-level structure with three basement levels, a ground floor, and three podium levels. The first tower has fifty-two residential floors, while the second tower has sixty-one residential floors. The building’s exterior is a striking example of futuristic architecture. Its elegant design enhances the aesthetics of the complex while maximizing panoramic views of the city, Burj Khalifa, and the Arabian Gulf. The building offer apartments ranging from one to six bedrooms. Each home is thoughtfully designed to provide the highest level of comfort and luxury. The interiors feature refined design and premium-quality materials, highlighting the prestigious character of the development. Key amenities include a fitness center, luxurious landscaped recreation areas, and the famous infinity pool. Residents also enjoy 24-hour concierge services and exclusive recreation areas. The location provides excellent transport and pedestrian accessibility. The world icons Burj Khalifa and The Dubai Mall are just a few minutes away. The complex has convenient access to the key city highway Sheikh Zayed Road, which provides quick access to all important locations in Dubai.

Project Specifications
DeveloperEmaar Properties
LocationBusiness Bay
Unit Types2 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 220,065 / year
Cash-on-Cash
2.2%
Levered cashflow AED 51,765
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.35M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Accessibility for people with disabilities
BBQ
Bar
Beauty Salon
Cabanas
Central A/C
Children’s pool
Concierge Service
Conference room
Covered Parking
Dining outlets (coffee houses & restaurants)
Fountain
Housekeeping Services
Indoor Multipurpose Space
Infinity pool
Kids Club
Landscaped garden
Laundry
Leisure areas
Library
Lift
Lobby
Lounge
Meeting Room
Pool Deck
Pool Lounge
Private Jacuzzi
Recreational areas
Resting Areas
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Treatment Room
Valet parking
Walking paths
Yoga studio

Location

Business Bay

Nearby Destinations

Business Bay

Developer and Project Facts

01

The Address Residence Sky View by Emaar Properties

02

Located in Business Bay

03

Starting from AED 5,100,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Nov 2019

06

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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