The yield context
Address Residences inherits the typical Address-tier yield pattern: gross yield in the 4-5% band on long-let, with the 1-bedroom inventory closer to 5% and the larger units stepping down to 4% or below. Gross yield for the building runs broadly in line with Address Downtown's long-let band, with the modern build supporting tighter rate-per-square-foot rents.
What the brand premium does to rental rates
Address Residences' rental rates per square foot run above mid-tier Downtown alternatives — often 15-25% higher for the same floor and view configuration. The Address brand and modern build attract tenants willing to pay the premium for service standards and finish quality.
Gross vs net at this tier
Service charges at the brand-tier band (AED 30-50/sqft typical) are a meaningful drag on net yield — a 1,200 sqft 2-bedroom paying AED 50,000+ in service charges represents a measurable share of gross rent. After OA, agent commission, maintenance reserve, and insurance, net yield typically lands 100-150 basis points below gross.
Address Residences sits at the lower end of the Downtown average, with the offset being meaningfully higher rental rates per square foot and stronger brand-driven capital character.