2-bed · 1,507 sqftThe Address Residence Fountain View 2, Downtown Dubai · 10th floor · completed 2019

1004, The Address Residence Fountain View 2

Sold prices and rental history: sold twice, last in January 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 31 January 2024
Last soldAED 6.3M31 January 2024
Current rentAED 228K /yr6 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, The Address Residence Fountain View 2

What is 1004 worth today?

Last sold for AED 6,300,000 in 2024

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31 Jan 2024SoldReady
AED 6,300,000AED 4,181 per sqft
6 Jan 2022RentedRenewal
AED 227,866/yr12 months · AED 151 per sqft
6 Jan 2021RentedNew contract
AED 190,000/yr12 months · AED 126 per sqft
15 Mar 2020RentedNew contract
AED 190,000/yr12 months · AED 126 per sqft
3 Oct 2013Sold by developerOff-plan
AED 3,683,888AED 2,445 per sqft

Source: Dubai Land Department. Updated 31 January 2024.

Key facts

Type
2-bed hotel apartment
Size
1,507 sqft
Floor
10th of 58
Parking
B3-412
Developer
Emaar
Completed
2019
Last sold
AED 6.3M · January 2024

About 1004, The Address Residence Fountain View 2

1004 is a two-bedroom hotel apartment of 1,507 sqft on the 10th floor of The Address Residence Fountain View 2, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 31 January 2024 for AED 6,300,000, or AED 4,181 per sqft, 16% above the AED 3,603 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 6 January 2022, is AED 227,866 a year: a gross yield of 3.6% on the 2024 price.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical two-bed in The Address Residence Fountain View 2
4M6M2013201720212025Typical sale price by year: 2013 AED 3,608,388; 2014 AED 4,204,364; 2015 AED 3,486,793; 2016 AED 3,560,444; 2017 AED 3,786,076; 2018 AED 3,601,404; 2019 AED 3,100,000; 2020 AED 3,050,000; 2021 AED 3,500,000; 2022 AED 3,995,000; 2023 AED 5,000,000; 2024 AED 5,125,000; 2025 AED 5,825,000; 2026 AED 5,350,000Sold by developer, October 2013: AED 3,683,888 (AED 2,445 per sqft)Sold, January 2024: AED 6,300,000 (AED 4,181 per sqft)

1004 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1004, each contractTypical two-bed in The Address Residence Fountain View 2
200K300K20192021202320252027Typical rent by year: 2019 AED 170,000; 2020 AED 150,000; 2021 AED 187,500; 2022 AED 260,000; 2023 AED 320,000; 2024 AED 325,000; 2025 AED 315,000; 2026 AED 270,000New contract, March 2020: AED 190,000 a yearNew contract, January 2021: AED 190,000 a yearRenewal, January 2022: AED 227,866 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Address Residence Fountain View 2, and where 1004 sits

All 156 2-beds →

1004 last sold in January 2024 at AED 4,181 per sqft, 16% above what two-beds in The Address Residence Fountain View 2 were fetching at the time (AED 3,603). Over the last 12 months two-beds sold for AED 4,300,000 to 6,150,000, around AED 3,684 per sqft, and rent for AED 173,000 to 380,000 a year. 1004's AED 227,866 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20265,700,000
21 Oct 20266,150,000
26 Sep 20264,300,000
10 Jun 20264,500,000
10 2-bed sales in the last 12 months

The Address Residence Fountain View 2

Building

289 apartments, 1-bed to 6-bed over 58 floors in Downtown Dubai, completed in 2019 by Emaar. 21 sold in the last 12 months.

Typical price per sqft
AED 4,453 Up 2.6%
Typical sale
AED 5.4M
Typical rent
AED 250K /yr
Typical yield
4.6%
The Address Residence Fountain View 2, Downtown Dubai: prices, sales and rents →
Value
10012-bedAED 3M · Dec 2022
10021-bedAED 3.8M · Dec 2025
10031-bedAED 2.9M · Mar 2022
10051-bedAED 3.6M · Jan 2024
10061-bedAED 3.6M · May 2024
10072-bedAED 4.95M · Mar 2024

1004, The Address Residence Fountain View 2 in numbers

  • Sold twice: first on 3 October 2013 for AED 3,683,888, last on 31 January 2024 for AED 6,300,000 (AED 4,181 per sqft).
  • Rented since March 2020 on 3 Ejari contracts, from AED 190,000 to AED 227,866 a year.
  • At AED 227,866 a year the gross yield on the 2024 price is 3.6%.
  • Two-beds in The Address Residence Fountain View 2 sold for AED 4,300,000–6,150,000 in the 12 months to November 2026; the building's median across all types is AED 4,453 per sqft.

Source: Dubai Land Department. Updated 31 January 2024.

Questions about 1004, The Address Residence Fountain View 2

What did unit 1004 last sell for?

AED 6,300,000 on 31 January 2024: AED 4,181 per sqft for 1,507 sqft. The unit has 2 registered sales; the first was AED 3,683,888 in October 2013.

What is the rent for unit 1004?

AED 227,866 a year on the contract renewed on 6 January 2022. The previous contract, from January 2021, was AED 190,000; the unit has been rented since March 2020.

How big is unit 1004?

1,507 sqft (140.0 sqm): a two-bedroom hotel apartment on the 10th floor of a 58-storey tower completed in 2019.

What is unit 1004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Address Residence Fountain View 2 sold for AED 4,300,000 to 6,150,000 in the last 12 months, around AED 3,684 per sqft.

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Mortgage on 1004, The Address Residence Fountain View 2

Starts from the last sale price (AED 6.3M, 31 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,300,000
Deposit, UAE resident (20%)
AED 1,260,000
Deposit, non-resident (40%)
AED 2,520,000
Monthly over 25 years at 3.7%
AED 25,775

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →