Property Overview
A large studio hotel apartment in Kempinski Central Avenue Dubai (formerly The Address Dubai Mall), Downtown Dubai at AED 2,200,000 for 739 sqft, equalling AED 2,977 per sqft. 8.3% below the original price of AED 2,400,000, saving AED 200,000. High floor with Burj Khalifa view. Vacant and ready to move in. Kempinski-branded serviced residence.
Property Highlights
- Type: Studio hotel apartment (agent describes as large studio; see size note below)
- Size: 739 sqft
- Asking price: AED 2,200,000
- Original price: AED 2,400,000
- Saving: AED 200,000 (8.3%)
- Rate: AED 2,977 per sqft
- Floor: High floor
- View: Burj Khalifa
- Unit series: 20 series
- Condition: Vacant, furnished
- Status: Ready (completed 2009)
Size and Layout Note
The agent describes this as a large studio at 739 sqft. Bayut data shows studios in this building range from 514 to 684 sqft, while 1-bedroom units start at 727 sqft. At 739 sqft, this unit falls within the 1-bedroom size range. In hotel apartment buildings, some units have open-plan layouts without a fully enclosed bedroom and are marketed as studios despite being sized as 1-bedrooms. Buyers should inspect the unit to confirm the layout and verify the classification on the title deed, as this affects market comparisons and rental positioning.
Below OP Analysis
At AED 2,200,000 vs AED 2,400,000 OP, the saving is AED 200,000 (8.3%). Including the 4% DLD fee on the original purchase (approximately AED 96,000), the seller's total loss is approximately AED 296,000 (12.3% of total investment).
Market Comparisons
- Studio at 551 sqft: AED 2,350,000 (AED 4,267 per sqft), high floor, Burj view, negotiable
- 1BR at 727 sqft: AED 2,649,999 (AED 3,644 per sqft), high floor, motivated seller
- 1BR at 747 sqft: AED 2,499,999 (AED 3,348 per sqft), high floor (sold)
At AED 2,977 per sqft, this listing is below all active comparable listings in the building. The 551 sqft studio at AED 2,350,000 is the closest comparable, but that unit is 188 sqft smaller. If this unit is effectively a 1-bedroom layout, the relevant comparison is the 727 sqft 1BR at AED 2,649,999, making this listing AED 449,999 (17%) cheaper for a similar size.
DLD Transaction Reference
A studio at 557 sqft in the Kempinski buildings recorded at AED 1,200,000 (AED 2,155 per sqft) in July 2026. This transaction price is significantly below current market listings and may reflect a smaller unit type, distressed circumstances or a different condition. Transaction data for this specific building is limited on portals due to the recent rebrand, with data sometimes aggregated under the Kempinski Boulevard page.
Building Name History
This building has undergone a name change that can cause confusion:
- September 2009: Opened as The Address Dubai Mall by Emaar Properties
- 2018: Acquired by Abu Dhabi National Hotels (ADNH) along with four other Address hotels
- 1 January 2024: Rebranded to Kempinski Central Avenue Dubai under Kempinski Hotels management
- 8 January 2024: Emaar separately renamed its Address Fountain Views hotel to Address Dubai Mall
The current Kempinski Central Avenue Dubai and the current Address Dubai Mall are two different buildings. Portal listings may still use the old name. The agent's notation of Address Dubai Mall in parentheses refers to the building's former identity.
Service Charges
As a hotel apartment, service charges are higher than standard residential. Total charges are approximately AED 41.35 per sqft, including AED 12.12 per sqft for hotel services (concierge, lobby staffing, pool and spa maintenance, security). For a 739 sqft unit, the annual service charge is approximately AED 30,558. This should be factored into yield calculations.
About Kempinski Central Avenue Dubai
A 42-storey tower with 626 serviced apartments and 244 hotel rooms, located in the heart of Downtown Dubai with a direct air-conditioned bridge to Dubai Mall. The building sits adjacent to Burj Khalifa and the Dubai Fountain. Originally developed by Emaar and designed by WS Atkins and Partners, the property underwent its Kempinski rebrand in 2024 with planned enhancements to the hotel operations.
Amenities include a five-tier infinity pool, full-service spa with hammam and nine treatment rooms, gymnasium, kids club (ages 4 to 12), multiple restaurants (NA3NA3, Cabana, Karat, Ember, Amatista), business and club lounges, ballroom with 650-person capacity, and 24-hour concierge and valet. The building is pet-friendly.
Verification Notes
The asking price, OP, size, high floor, Burj Khalifa view, 20 series and vacant status are from the agent brief. The 8.3% saving is verified (200,000 divided by 2,400,000). The 739 sqft exceeds the typical studio range for this building (514 to 684 sqft) and falls within the 1-bedroom range (727+ sqft). Buyers should inspect the unit layout and verify the title deed classification. The building is a hotel apartment with correspondingly higher service charges. The DLD fee (4%) and agency commission apply on purchase.
