Sara Al Mansouri
Meridian Properties
+971 50 123 4567
sara@meridianproperties.ae
BRN 34781
Building market report · Downtown Dubai · August 2026
The Address Residences Dubai Opera T2
Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026
Period covered: Sep 24 to Aug 26 · Ref AR-B8099-202608
Key takeaways
- Median price for apartments: AED 3,800,000 (AED 33,839 per sqm), down 34.7% year on year.
- Per sqm, apartments here are 24% above the Downtown Dubai average of AED 27,377 (sales-weighted across areas).
- 6 sales recorded in August 2026, broadly level with a year earlier.
- 2 bedrooms apartments were the most traded size: median AED 3,850,000 across 8 sales in three months.
1.Apartments6 sales · August 2026
Small sample: medians for August 2026 are based on only 6 recorded sales and can swing month to month. Read the trend, not a single point.
Sale price per sqm and monthly sales · 24 months
Six-month summary
| Month | Sales | Median price | AED / sqm | Median rent | Gross yield |
|---|---|---|---|---|---|
| August 2026 | 6 | AED 3,800,000 | AED 33,839 | — | — |
| July 2026 | 3 | AED 4,000,000 | AED 36,166 | — | — |
| June 2026 | 1 | AED 3,800,000 | AED 34,127 | — | — |
| May 2026 | 0 | — | — | — | — |
| April 2026 | 4 | AED 3,900,000 | AED 34,231 | — | — |
| March 2026 | 0 | — | — | — | — |
2.By bedroomthree months to August 2026
| Type | Sales | Median price | AED / sqm | Median rent | Contracts |
|---|---|---|---|---|---|
| 2 bedrooms | 8 | AED 3,850,000 | AED 33,791 | — | — |
Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.
3.Recent saleslast 15 registered in The Address Residences Dubai Opera T2
| Date | Unit | Size sqm | Price | AED / sqm | Status |
|---|---|---|---|---|---|
| 27 Aug 2026 | 2 bedrooms | 110 | AED 3,520,000 | AED 32,023 | Ready |
| 17 Aug 2026 | 2 bedrooms | 114 | AED 3,900,888 | AED 34,221 | Ready |
| 13 Aug 2026 | 2 bedrooms | 114 | AED 5,100,000 | AED 44,658 | Ready |
| 11 Aug 2026 | 2 bedrooms | 115 | AED 3,700,000 | AED 32,068 | Ready |
| 11 Aug 2026 | 2 bedrooms | 117 | AED 3,900,000 | AED 33,456 | Ready |
| 5 Aug 2026 | 1 bedroom | 74 | AED 2,700,000 | AED 36,251 | Ready |
| 23 Jul 2026 | 3 bedrooms | 156 | AED 13,000,000 | AED 83,291 | Ready |
| 16 Jul 2026 | 3 bedrooms | 146 | AED 7,060,000 | AED 48,244 | Ready |
| 13 Jul 2026 | 2 bedrooms | 5 | AED 150,960 | AED 28,164 | Ready |
| 10 Jul 2026 | 2 bedrooms | 111 | AED 4,000,000 | AED 36,166 | Ready |
| 15 Jun 2026 | 5+ bedrooms | 574 | AED 33,500,000 | AED 58,396 | Ready |
| 3 Jun 2026 | 2 bedrooms | 111 | AED 3,800,000 | AED 34,127 | Ready |
| 29 Apr 2026 | 2 bedrooms | 117 | AED 3,900,000 | AED 33,214 | Ready |
| 27 Apr 2026 | 2 bedrooms | 110 | AED 3,700,000 | AED 33,578 | Ready |
| 22 Apr 2026 | 2 bedrooms | 112 | AED 3,900,000 | AED 34,884 | Ready |
Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.
4.Methodology and source
Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.
Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.
Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.
Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.