The Address Residence Sky View
✓ Resale Available

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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 220,065 / year
Cash-on-Cash
1.8%
Levered cashflow AED 51,765
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 331,500 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
The Address Residence Sky View launch basis5,667AED 5.10MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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The Address Residence Sky View official render 1

The Address Residence Sky View official render 1

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The Address Residence Sky View official render 2

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The Address Residence Sky View official render 3

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The Address Residence Sky View official render 4

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The Address Residence Sky View official render 5

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The Address Residence Sky View official render 7

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The Address Residence Sky View official render 9

The Address Residence Sky View official render 10

The Address Residence Sky View official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Emaar Properties.

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Payment Structure

Developer payment plan available

Flexible Payment

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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

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

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

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