The Address Downtown
Emaar Properties
Downtown Dubai
The Address Downtown lit at night beside the Dubai Mall Photo: giggel / Wikimedia Commons
1 / 7- Height
- 302 m
- Floors
- 63
- Units
- 822
- Status
- Completed
- Project
- DP-0015
Overview
The Address Downtown is a 63-floor hotel and serviced-residence tower in Downtown Dubai, developed by Emaar Properties and standing about 302 m tall next to Burj Khalifa, Souk Al Bahar and The Dubai Mall. Construction started in October 2005 and, according to Wikipedia, the tower was completed on 23 September 2008 and opened on 2 October 2008. CTBUH records 626 serviced apartments and 196 hotel rooms, about 822 keys in all, with parking listed at up to 895 spaces. The building is run by Emaar Hospitality Group under its Address Hotels + Resorts brand and has a direct connection to The Dubai Mall. A fire that began on the 20th floor on New Year's Eve 2015 damaged part of the tower; reconstruction and renovation were finished in 2018 and the hotel reopened to guests in June 2018. Apartments here are hotel-serviced, so a buyer should check the management agreement, owner-use rules, service charge and any rental-pool terms as carefully as the price. DLD open data for 2026 carries no sales or rents under this building's name, so market figures on this page come from secondary portals and are marked as unverified. Figures are research data, not official records; confirm them with the Dubai Land Department and the operator before deciding.
Timeline
- Hotel reopens after reconstruction Hospitality Net
- Dubai Police name an electrical short circuit as the cause Wikipedia
- Fire on New Year's Eve Wikipedia
- Fire starts on the 20th floor on New Year's Eve Wikipedia
- Hotel opened Wikipedia
- Construction completed Wikipedia
- Tower topped out Wikipedia
- Construction started Wikipedia
Videos
Published by the channels named below. A video starts loading only when you press play.
Building and units
Heights as reported by sources, not checked against an official record.
Show as a table
| Project | Height | Floors |
|---|---|---|
| Burj Khalifa | 828 m | 163 floors |
| Mercedes-Benz Places | Binghatti | 341 m | 65 floors |
| The Address Downtown | 302 m | 63 floors |
Unit types and sizes
Each row keeps its own source. The bar shows where the size range sits among this project's units.
In the building
- HotelWikipedia
- Serviced residencesWikipedia
- Connected to Dubai MallWikipedia
- Four pools (bubble pool, sun pool, children and family pool, adult infinity pool)Address Hotels + Resorts — Address Downtown page
- The Spa (hammam, Finnish sauna, steam room, relaxation lounge)Address Hotels + Resorts — Address Downtown page
- Qix Club kids' club (ages 4–12) and Club Lounge, Level 7Address Hotels + Resorts — Address Downtown page
- Restaurants and lounges (Cetara, Lounge, Café, The Garden, Cigar Lounge and others)Address Hotels + Resorts — Address Downtown page
- Six meeting rooms and event venuesAddress Hotels + Resorts — Address Downtown page
- Direct connection to The Dubai MallAddress Hotels + Resorts — Address Downtown page
Worth knowing
- Developer
- Emaar Properties Wikipedia
- Use
- Hotel and serviced residences Wikipedia
- Location
- Downtown Dubai, next to Dubai Mall and Burj Khalifa Wikipedia
- Completed
- 2008 Wikipedia
- Fire
- Major fire on New Year's Eve 2015; no deaths reported Wikipedia
- Handover status
- Unknown CTBUH
- DLD project number
- None found Dubai Land Department — Project Status
- Operator
- Emaar Hospitality Group (Address Hotels + Resorts) Hospitality Net
- Floors below ground
- 4 CTBUH
- Highest occupied floor
- 228.3 m CTBUH
- Architect and structural engineer
- Atkins CTBUH
- Reported construction cost
- AED 845 million Wikipedia
- Registered rent contracts
- None usable found fam Properties
- Reported gross yield
- None published Bayut
- Price change over one or several years
- Not published for this building Aigents Realty
- Maintenance cost
- Included in the service charge Bayut
Prices and rents
Recorded sales
Figures sources attribute to recorded deals. Not checked against DLD yet.
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Average sale price | Not stated | |||
| Median sale price | AED 3,960,000 | Residential | undated | Property Finder Data to 9 Nov 2026 |
| Median price per sq ft | AED 3,753.50 / sq ft | Residential | Jul 2026 – Nov 2026 | Property Finder Data to 6 Nov 2026 |
| Lowest recorded price | AED 1,830,000 | Residential | undated | Property Finder Data to 9 Nov 2026 |
| Highest recorded price | AED 40,000,000 | Residential | undated | Property Finder Data to 9 Nov 2026 |
| Number of sales | 56 | Residential | Nov 2025 – Nov 2026 | Property Finder Data to 9 Nov 2026 |
| Total sales volume | Not stated | |||
| Price change over one year | Not stated | |||
| Price change over several years | Not stated | |||
Asking prices
What sellers ask in adverts. Kept apart from deals because an asking price is not a sale.
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Median asking price per sq ft | Not stated | |||
| Lowest asking price | AED 1,700,000 | Residential | Nov 2026 | Aigents Realty Data to 9 Nov 2026 |
| Highest asking price | Not stated | |||
| Sale adverts | 64 | Residential | 2026-11-09 | Property Finder Data to 9 Nov 2026 |
| Sale adverts: Also reported | 128 | Residential | Nov 2026 | Aigents Realty Data to 9 Nov 2026 |
Rents
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Annual rent | Not stated | |||
| Annual rent per sq ft | Not stated | |||
| Number of rent contracts | Not stated | |||
Individual deals on record
Grants and mortgages are shown for context and are not counted as market prices.
| Date | Deal | Amount | Size | Per sq ft | Source |
|---|---|---|---|---|---|
| 6 Nov 2026 | Sale | AED 8,000,000 | 1,732 sq ft | 4,619 | fam Properties |
| 21 Oct 2026 | Sale | AED 9,000,000 | 1,848 sq ft | 4,870 | fam Properties |
| 15 Oct 2026 | Sale | AED 3,100,000 | 741 sq ft | 4,184 | fam Properties |
| 9 Oct 2026 | Sale | AED 3,400,000 | 935 sq ft | 3,636 | fam Properties |
| 28 Sep 2026 | Sale | AED 2,600,000 | 959 sq ft | 2,711 | fam Properties |
Charts
The grey line is the median of these 5 deals. Only 5 deals are on record here, against 56 reported. This is a sample, not a market trend.
Show as a table
| Date | Per sq ft | Amount | Size (sq ft) | Source |
|---|---|---|---|---|
| 28 Sep 2026 | AED 2,711 / sq ft | AED 2,600,000 | 959 | fam Properties |
| 9 Oct 2026 | AED 3,636 / sq ft | AED 3,400,000 | 935 | fam Properties |
| 15 Oct 2026 | AED 4,184 / sq ft | AED 3,100,000 | 741 | fam Properties |
| 21 Oct 2026 | AED 4,870 / sq ft | AED 9,000,000 | 1,848 | fam Properties |
| 6 Nov 2026 | AED 4,619 / sq ft | AED 8,000,000 | 1,732 | fam Properties |
Months without a record are not shown, which does not mean no deals took place. Only 5 deals are on record here, against 56 reported. This is a sample, not a market trend.
Show as a table
| Month | Sales |
|---|---|
| Sep 2026 | 1 |
| Oct 2026 | 3 |
| Nov 2026 | 1 |
Only two reports are on record. The dashed line joins them and is not a measured path.
Show as a table
| Date | Progress |
|---|---|
| Oct 2005 | 0% |
| Sep 2008 | 100% |
Data we don't have yet (3)
- Annual rent per sq ft, last 12 monthsNot enough dated rent contracts yet. The contracts on record start in the future or are too few to show a trend.
- Price per sq ft against the areaNo source gives both this project and its area.
- Rental yield against similar projectsNo similar project with rent and price figures is in the directory yet.
Investment analysis
Gross Rental Yield
Not stated
Net Rental Yield
Not stated
Payback Period
Not stated
Capital Appreciation
Not stated
- Rental Yield reported by a source
- Not stated
- ROI
- Not stated Depends on your resale price and holding period. Enter them in the calculator below.
- Average monthly rent
- Not stated
- Service charge, yearly
- AED 21.93 / sq ft Bayut
- Maintenance, yearly
- Not stated
- Buying costs (assumed)
- 4% + AED 580 DLD transfer fee and title deed, from secondary sources. Agent and trustee fees are not included.
Run your own numbers
Filled in from the leading figures above. Replace them with the real quote for your unit. Nothing you type is stored.
Total acquisition cost–
Gross yield–
Net yield–
Payback–
Monthly rent–
ROI over the holding period–
Location
Distances
| Place | Kind | By road | Straight line | By car | Source |
|---|---|---|---|---|---|
| Burj Khalifa / Dubai Mall | Metro | 4.0 km | 1.1 km | 6 min | OpenStreetMap |
| Burj Khalifa / The Dubai Mall | Downtown Dubai | 2.1 km | 0.5 km | 5 min | OpenStreetMap |
| Dubai International Airport (DXB) | Airport | 19.7 km | 11.0 km | 22 min | OpenStreetMap |
| Shopping | Not stated | ||||
| Medcare Orthopaedics & Spine Hospital | Hospital | 5.9 km | 3.4 km | 10 min | OpenStreetMap |
| Salma al Ansaria School | School | 4.3 km | 2.0 km | 8 min | OpenStreetMap |
Around the project
- Dubai Fountain (a few minutes on foot)Address Hotels + Resorts — Address Downtown page
- Burj Khalifa and The Dubai MallOpenStreetMap
- Souk Al BaharOpenStreetMap
Compared with other projects
| Project | Status | Height | Floors | Units | Progress | Completion | Price |
|---|---|---|---|---|---|---|---|
| The Address Downtown | Completed | 302 m | 63 | 822 | 100% | Not stated | AED 3,753.50 / sq ftMedian per sq ft |
| Burj Khalifa | Completed | 828 m | 163 | 1,078 | 100% | Jan 2010 | AED 5.84MAverage sale price |
| Mercedes-Benz Places | Binghatti | Under Construction | 341 m | 65 | 163 | 65% | Dec 2026 | AED 9.39MStarting from |
| Burj Al Arab | Completed | 321 m | 56 | Not stated | Not stated | Not stated | Not stated |
Every figure here is a research figure. Prices are the headline figure of each project, so they are not always the same kind of number: read the small line under each.
Expert analysis
Mr Amlak's reading of the sources listed on this page. It is not a rating or an opinion of the Dubai Land Department.
Strengths
The tower sits beside Burj Khalifa and Souk Al Bahar with a direct link to The Dubai Mall, and a hotel operator runs it under the Address Hotels + Resorts brand with pools, a spa and dining on site.
Based on: location, operator page and OpenStreetMap distancesWeaknesses
Apartments are hotel-serviced and the stock is mixed with hotel rooms, so owners have less freedom over use and letting than in a normal residential block, and the service charge is a single listed figure of AED 21.93/sqft with no stated year.
Based on: serviced-apartment model; Bayut service charge entryInvestment opportunities
Registered sales shown by portals since July 2026 range from about AED 2,700 to 4,900 per sqft (one outlier at 8,199), a median near 3,750, against a Downtown Dubai area median of about 2,800 in July 2026 per Aigents, so the building trades at a premium to the area; whether that holds is a question for a current valuation.
Based on: Property Finder sales list vs Aigents area medianInvestment risks
A fire in December 2015 damaged part of the tower; works ended in 2018. Cladding was criticised after the fire, so a buyer should ask for current fire-safety and building-condition reports, and for management and rental-pool terms in writing.
Based on: 2015 fire article on WikipediaMarket reading
Property Finder counts 56 sale transactions in the last 12 months (down 28.2% year over year) and 64 sale adverts; the number of deals is small for a 822-key building, so one or two large sales can move the average.
Based on: Property Finder area insights, 2026-11-09Conclusion
A landmark 2008 hotel-and-serviced-residence tower in the best-known part of Downtown Dubai. Rent and yield figures could not be found from sources we can trust, so judge it on price, charge and the operator's terms, not on a promised return.
Documents and official pages
Sources
| Source | Kind | Items | Latest data date | Last checked |
|---|---|---|---|---|
| Dubai Land Department — Project Status | Official | 1 | Not stated | Not stated |
| Wikipedia | Reference | 30 | Not stated | Not stated |
| CTBUH | Reference | 16 | Not stated | Not stated |
| Bayut | Listings portal | 10 | 9 Nov 2026 | Not stated |
| OpenStreetMap | Reference | 8 | Not stated | Not stated |
| Address Hotels + Resorts — Address Downtown page | Developer | 7 | Not stated | 9 Nov 2026 |
| Property Finder | Listings portal | 6 | 9 Nov 2026 | Not stated |
| fam Properties | Reference | 6 | Not stated | Not stated |
| Aigents Realty | Market data | 3 | 9 Nov 2026 | Not stated |
| Hospitality Net | Reference | 2 | Not stated | Not stated |
Photo credits
| Photo | Credit | Licence | Source |
|---|---|---|---|
 The Address Downtown lit at night beside the Dubai Mall | giggel / Wikimedia Commons | CC BY 3.0 | Source page |
 Address Downtown guest room with Dubai skyline view | © Address Hotels + Resorts (Emaar Hospitality Group) | Developer marketing material | Source page |
 Pool terrace at Address Downtown with Burj Khalifa in the background | © Address Hotels + Resorts (Emaar Hospitality Group) | Developer marketing material | Source page |
 Dining at Address Downtown restaurant | © Address Hotels + Resorts (Emaar Hospitality Group) | Developer marketing material | Source page |
 The Spa at Address Downtown | © Address Hotels + Resorts (Emaar Hospitality Group) | Developer marketing material | Source page |
 Staircase in the Address Downtown lobby | © Address Hotels + Resorts (Emaar Hospitality Group) | Developer marketing material | Source page |
 Terrace overlooking Dubai Fountain at Address Downtown | © Address Hotels + Resorts (Emaar Hospitality Group) | Developer marketing material | Source page |