Dubai Land Department Off-Plan Register

The Address Residences Dubai Opera T1 Launch Prices

Off-plan in Downtown Dubai · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

556 developer launch sales registered at The Address Residences Dubai Opera T1 between Jul 2016 and May 2023: 100% apartments, most commonly 2-bed units, typically around 1,250 sqft.

Launch sales
556
DLD off-plan registrations, all time
Median launch /sqft
AED 2,866
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 1,700,00042,142,888
Min – max registered

Bed mix: 1-bed 11% · 2-bed 57% · 3-bed 30% · 4+-bed 2%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at The Address Residences Dubai Opera T1, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2016 Q3280AED 2,810
2017 Q116AED 2,771
2017 Q26AED 2,584
2017 Q314AED 2,665
2018 Q17AED 3,916
2018 Q26AED 2,615
2018 Q37AED 3,242
2018 Q46AED 3,227
2019 Q15AED 2,978
2019 Q27AED 2,595
2019 Q35AED 3,790
2019 Q46AED 2,517
2020 Q110AED 3,532
2020 Q25AED 2,777
2020 Q36AED 3,115
2020 Q46AED 3,478
2021 Q14AED 2,335
2021 Q216AED 2,951
2021 Q320AED 2,805
2021 Q430AED 2,891
2022 Q114AED 3,084
2022 Q219AED 3,101
2022 Q311AED 2,872
2022 Q418AED 3,656
2023 Q122AED 3,215
2023 Q210AED 4,030
Two different markets

Launch vs Resale

The Address Residences Dubai Opera T1 also has 145 ready-market resales registered with the DLD, the first on 16 August 2023 - 85 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
145
81 in the last 2 years
Resale median /sqft
AED 3,860
last 2 years
Resale vs launch
+35%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at The Address Residences Dubai Opera T1 →

The latest launch sales

Recent Launch Registrations

Apartment · 3 Bed
1,782 sqft · 1 May 2023
AED 8,750,000
AED 4,911 /sqft
Apartment · 3 Bed
1,677 sqft · 1 May 2023
AED 7,100,000
AED 4,233 /sqft
Apartment · 2 Bed
1,186 sqft · 24 April 2023
AED 3,400,000
AED 2,866 /sqft
Apartment · 3 Bed
1,782 sqft · 19 April 2023
AED 6,900,000
AED 3,872 /sqft
Apartment · 3 Bed
1,766 sqft · 17 April 2023
AED 7,600,000
AED 4,303 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

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