What is the rental yield in The Address Residences Dubai Opera T1?

The Address Residences Dubai Opera T1 returns 6.28% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 326 rental contracts registered in the last 24 months.

How much does a 2 bedroom in The Address Residences Dubai Opera T1 cost?

The median registered sale price is AED 4.27M (3,467 AED/sqft), from 57 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in The Address Residences Dubai Opera T1 selling for right now?

Registered sales of ready units in The Address Residences Dubai Opera T1 over the last 6 months have a median of 3,340 AED/sqft, across 8 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in The Address Residences Dubai Opera T1 risen or fallen?

Median price per square foot moved -3.8% over the last 12 months against the 12 before it, on 57 registered sales. On a sample this size, read the direction rather than the exact figure.

How does The Address Residences Dubai Opera T1 compare with Downtown Dubai?

Its 6.28% gross yield sits +0.4 pts against the Downtown Dubai median of 5.89%, computed at the same bedroom grain over the same 24-month window.

The Address Residences Dubai Opera T1 — sale prices & yield

Buy: 4.27MAED; AED 3,340/sqft
Long-let: 6.28%; AED 251,000/yr
Short-let: 7.32%; AED 1,351/night · 1.10/sqft

Price per sqft: Median of 8 registered sales of ready units in the last 6 months, most recent August 2026.

Priced off 3 sales in the last 3 months.

Yield spread: +0.4 pts; vs the Downtown Dubai median for this unit type
Turnover upside: -4.9%; new tenants pay less than sitting ones — 90 renewals
AED/yr/sqft: AED 209
Sales: 57
Rental contracts: 326
Renewal rent: AED 264,000/yr

12 months: -3.8%
3 years: +4.3%+1.4%/yr
5 years: +20.1%+3.7%/yr

Based on 57 sales and 326 rental contracts in the last 24 months. Rental data covers the whole The Address Dubai Opera project, not this tower alone.

The Address Residences Dubai Opera T1 is an apartment building in Downtown Dubai, Dubai, one of the towers in the The Address Dubai Opera development. The closest metro station is Burj Khalifa / Dubai Mall Metro Station, the nearest mall Dubai Mall and the nearest landmark Burj Khalifa. Land Department records for it run from 2016 to 2026, 1,560 registered sales in all — the 57 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in The Address Residences Dubai Opera T1, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
1 bed	AED 3.10M	3868	6.00% -0.1 pts	-4.6%	11
2 bed	AED 4.27M	3467	6.28% +0.4 pts	-3.8%	57
3 bed	AED 9.00M	5628	4.65% -0.8 pts	-9.1%	29
4+ bed	AED 40.05M	6075	8.00% +2.6 pts	+24.6%	2

Deltas compare each yield with the Downtown Dubai median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around The Address Residences Dubai Opera T1

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
1 bed	888	1.11	AED 205,662	AED 186,000	1.1×	6.63%	5+
2 bed	1,351	1.10	AED 312,689	AED 251,000	1.2×	7.32%	9+
3 bed	2,163	1.35	AED 506,876	AED 400,000	1.3×	5.63%	11+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing.

Off-plan vs resale

Units sold off-plan in The Address Residences Dubai Opera T1 between 2016 and 2023 went for a median of AED 2,866/sqft (AED 3.48M). The same building resells today at AED 3,818/sqft (AED 4.40M) — an uplift of +26.6%.

Based on 556 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

34 resales in the last 12 months, against 81 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
13 Aug 2026	2 bed	1,188	AED 3,900,000	3,282
27 Jul 2026	2 bed	1,256	AED 4,000,000	3,184
1 Jul 2026	2 bed	1,261	AED 4,200,000	3,331

3 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Metro: Burj Khalifa / Dubai Mall Metro Station
Mall: Dubai Mall
Landmark: Burj Khalifa

Compare with nearby buildings

The most-traded buildings in The Address Dubai Opera, on the same figures over the same window.

Highest rental yields in Downtown Dubai · The Address Residences Dubai Opera T1 places 22nd of 55

The Address Residences Dubai Opera T2 · 6.54%
Binghatti Skyblade
One Residence
Burj Khalifa · 5.85%
The St. Regis Residences - Tower 1
Grande · 3.60%
25hours Heimat Dubai
Solara Tower Dubai

Common questions

What is the rental yield in The Address Residences Dubai Opera T1?: The Address Residences Dubai Opera T1 returns 6.28% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 326 rental contracts registered in the last 24 months.
How much does a 2 bedroom in The Address Residences Dubai Opera T1 cost?: The median registered sale price is AED 4.27M (3,467 AED/sqft), from 57 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in The Address Residences Dubai Opera T1 selling for right now?: Registered sales of ready units in The Address Residences Dubai Opera T1 over the last 6 months have a median of 3,340 AED/sqft, across 8 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in The Address Residences Dubai Opera T1 risen or fallen?: Median price per square foot moved -3.8% over the last 12 months against the 12 before it, on 57 registered sales. On a sample this size, read the direction rather than the exact figure.
How does The Address Residences Dubai Opera T1 compare with Downtown Dubai?: Its 6.28% gross yield sits +0.4 pts against the Downtown Dubai median of 5.89%, computed at the same bedroom grain over the same 24-month window.

The Address Residences Dubai Opera T1