Market bulletin · Thu, 22 Oct 2026
The Address Residences Dubai Opera T1: 2 sales worth AED 18.3M in 30 days
The Address Residences Dubai Opera T1 recorded 2 sales worth AED 18.3M in the 30 days to Thu, 22 Oct 2026, down 33.3% on the previous 30 days. Over the last week 1 sale was registered (AED 11.8M), against 1 the week before.
The median sale over the last three months was AED 4.00M, or AED 3,341/sqft.
By market over 12 months: secondary (ready) sales 100%.
In Downtown Dubai, The Address Residences Dubai Opera T1 ranked #11 of 11 leading projects by 12-month sales value; it is developed by Emaar Properties.
Leases registered in the last three months had a median annual rent of AED 216K. The best gross yield is on 2 BR apartments at about 6.4%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | AED 3,601 |
| Oct 25 | — |
| Sept 25 | AED 3,868 |
| Aug 25 | AED 3,927 |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | AED 3,835 |
| Apr 25 | — |
| Mar 25 | AED 3,723 |
| Feb 25 | AED 3,635 |
| Jan 25 | AED 3,494 |
| Dec 24 | — |
| Nov 24 | AED 3,810 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 2 |
| Sept 26 | 0 | 0 | 3 |
| Aug 26 | 0 | 0 | 1 |
| Jul 26 | 0 | 0 | 1 |
| Jun 26 | 0 | 0 | 0 |
| May 26 | 0 | 0 | 1 |
| Apr 26 | 0 | 0 | 1 |
| Mar 26 | 0 | 0 | 1 |
| Feb 26 | 0 | 0 | 1 |
| Jan 26 | 0 | 0 | 2 |
| Dec 25 | 0 | 0 | 2 |
| Nov 25 | 0 | 0 | 10 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 2 | down 33.3% | AED 18.3M | — | — |
| Last 3 months | 7 | up 600.0% | AED 38.4M | 3,341 | — |
| Last 6 months | 8 | down 52.9% | AED 47.0M | 3,350 | down 4.5% |
| Last 12 months | 25 | down 66.7% | AED 171M | 3,456 | down 8.7% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 25 | 100% | AED 4.10M | 3,456 | down 8.7% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 1 bedroom | 2 | 8% | — | — | — |
| 2 bedrooms | 17 | 68% | AED 4.00M | 3,348 | down 3.2% |
| 3 bedrooms | 5 | 20% | AED 8.60M | 5,500 | up 8.2% |
| 4 bedrooms | 1 | 4% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| AED 2M–10M | 22 | 88% | AED 4.00M | 3,406 | down 7.6% |
| AED 10M–50M | 3 | 12% | — | — | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 240K |
| Sept 26 | AED 205K |
| Aug 26 | AED 195K |
| Jul 26 | AED 190K |
| Jun 26 | AED 205K |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | AED 250K |
| Jan 26 | AED 260K |
| Dec 25 | AED 256K |
| Nov 25 | AED 280K |
| Oct 25 | AED 265K |
| Sept 25 | AED 230K |
| Aug 25 | AED 240K |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | AED 260K |
| Dec 24 | — |
| Nov 24 | — |
- Leases (12M)
- 202
- New leases
- 69.8%
- Median rent 3M
- AED 216K
- Rent/sqft 3M
- AED 187
| 2 BR apartments | AED 256K / AED 4.00M | 6.4% |
|---|---|---|
| 3 BR apartments | AED 350K / AED 8.60M | 4.1% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 1 BR | 30 | AED 165K | AED 165K | 204 |
| 2 BR | 99 | AED 256K | AED 255K | 208 |
| 3 BR | 41 | AED 350K | AED 360K | 210 |
Competing projects in Downtown Dubai
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Binghatti SkybladeBinghatti | 382 | 3,909 | — |
| Fairmont Residences Solara TowerSOL Properties | 41 | 3,740 | — |
| Burj KhalifaEmaar Properties | 78 | 2,739 | down 2.5% |
| Baccarat Hotel Downtown Dubai T2H&H Investment and Development | 15 | 5,156 | — |
| The Address The BLVDEmaar Properties | 38 | 3,541 | — |
| The Address Downtown HotelEmaar Properties | 50 | 3,410 | — |
| Imperial AvenueSp International Property Developers | 52 | 2,422 | — |
| St. Regis Residences Tower 1Emaar Properties | 48 | 3,307 | — |
| Grande Signature ResidencesEmaar Properties | 44 | 3,094 | — |
| The Address Residences Dubai Opera T2Emaar Properties | 30 | 3,044 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 11.8M | 3 BR Apartment · 1,671 sqftThe Address Residences Dubai Opera T1 · Downtown Dubai | 16 Oct |
| AED 6.54M | 2 BR Apartment · 1,196 sqftThe Address Residences Dubai Opera T1 · Downtown Dubai | 9 Oct |
| AED 4.15M | 2 BR Apartment · 1,236 sqftThe Address Residences Dubai Opera T1 · Downtown Dubai | 16 Sept |
| AED 4.00M | 2 BR Apartment · 1,256 sqftThe Address Residences Dubai Opera T1 · Downtown Dubai | 27 Jul |
| AED 4.00M | 2 BR Apartment · 1,197 sqftThe Address Residences Dubai Opera T1 · Downtown Dubai | 17 Sept |
| AED 4.00M | 2 BR Apartment · 1,258 sqftThe Address Residences Dubai Opera T1 · Downtown Dubai | 17 Sept |
Questions about The Address Residences Dubai Opera T1
What is the average price per sqft in The Address Residences Dubai Opera T1?
The median sale price in The Address Residences Dubai Opera T1 over the last three months was AED 3,341 per sqft (median sale AED 4.00M), based on 7 sales registered with Dubai Land Department.
How many properties were sold in The Address Residences Dubai Opera T1 in the last year?
25 sales worth AED 171M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in The Address Residences Dubai Opera T1?
The median annual rent on leases registered in the last three months was AED 216K, and the best gross rental yield is about 6.4%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
BT AI Market Desk
Get every brief in your inbox
Create a free BT AI account to receive the daily, weekly and monthly reports by email, and search every Dubai Land Department sale and rental behind them.