The pricing context
Per-square-foot pricing at Address Residences sits in the upper-middle of Downtown, reflecting Address brand and modern build. Specific transaction data is best pulled from the DLD's public record.
| Per-sqft pricing band | Above mid-tier; below hotel-and-residence |
|---|---|
| Building age | ~3 years (March 2023) |
| Most-traded unit type | 1- and 2-bedroom |
| Long-let yield band | ~4.0 – 5.0% gross |
| Active transaction history | 3 years of DLD-recorded comparables |
What's driving the trend
Three forces. First, the Downtown cycle drives most directional movement. Second, the Address brand premium provides a structural floor that compresses cycle volatility relative to mid-tier buildings. Third, the modern build and Boulevard frontage support tenant demand that holds rental rates per square foot.
How to read pricing
Don't use building averages. Tower 1 vs Tower 2, view side, and floor band drive significant intra-development spread. Pull DLD comparables on the same tower, side and floor band as the unit you're considering.
Address Residences sits in the upper-middle of the Downtown spread — above mid-tier Emaar and below Address Downtown / Burj Khalifa.