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1-bed · 427 sqftThe Address Residence Fountain View 2, Downtown Dubai · 4th floor · completed 2019

402, The Address Residence Fountain View 2

Sold prices and rental history: sold 3 times, last in January 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 31 January 2022
Last soldAED 1.3M31 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, The Address Residence Fountain View 2

What is 402 worth today?

Last sold for AED 1,300,000 in 2022

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31 Jan 2022SoldReady
AED 1,300,000AED 3,046 per sqft
30 Mar 2014SoldOff-plan
AED 2,246,077AED 2,632 per sqft
3 Oct 2013Sold by developerOff-plan
AED 2,041,888AED 2,393 per sqft

Source: Dubai Land Department. Updated 31 January 2022.

Key facts

Type
1-bed hotel apartment
Size
427 sqft
Floor
4th of 58
Parking
B3-151
Developer
Emaar
Completed
2019
Last sold
AED 1.3M · January 2022
Building
The Address Residence Fountain View 2

About 402, The Address Residence Fountain View 2

402 is a one-bedroom hotel apartment of 427 sqft on the 4th 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 2022 for AED 1,300,000, or AED 3,046 per sqft, 6% above the AED 2,870 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical one-bed in The Address Residence Fountain View 2
2M4M2013201720212025Typical sale price by year: 2013 AED 2,075,388; 2014 AED 2,394,630; 2015 AED 2,447,836; 2016 AED 2,270,276; 2017 AED 2,433,750; 2018 AED 2,268,444; 2019 AED 1,450,000; 2020 AED 2,169,888; 2021 AED 2,100,000; 2022 AED 2,600,000; 2023 AED 3,206,444; 2024 AED 3,600,000; 2025 AED 3,550,000; 2026 AED 3,950,000Sold by developer, October 2013: AED 2,041,888 (AED 2,393 per sqft)Sold, March 2014: AED 2,246,077 (AED 2,632 per sqft)Sold, January 2022: AED 1,300,000 (AED 3,046 per sqft)

402 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 402, each contractTypical one-bed in The Address Residence Fountain View 2
150K200K20192021202320252027Typical rent by year: 2019 AED 120,000; 2020 AED 120,000; 2021 AED 140,000; 2022 AED 170,000; 2023 AED 210,000; 2024 AED 230,000; 2025 AED 202,700; 2026 AED 175,000

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

1-beds in The Address Residence Fountain View 2, and where 402 sits

All 80 1-beds →

402 last sold in January 2022 at AED 3,046 per sqft, 6% above what one-beds in The Address Residence Fountain View 2 were fetching at the time (AED 2,870). Over the last 12 months one-beds sold for AED 3,500,000 to 4,600,000, around AED 4,629 per sqft, and rent for AED 102,000 to 250,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
6 May 20263,500,000
21 Jan 20264,600,000
8 Jan 20263,950,000
16 Dec 20253,800,000
5 1-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 →

Other units on the 4th floor

All 289 units in The Address Residence Fountain View 2
Value
4012-bedAED 3.15M · Oct 2013
4031-bedAED 3.13M · Dec 2021
4042-bedAED 3.3M · Nov 2022
4051-bedAED 3.27M · Nov 2023
4061-bedAED 2.52M · Sep 2014
4072-bedAED 5M · Jun 2024

402, The Address Residence Fountain View 2 in numbers

  • Sold 3 times: first on 3 October 2013 for AED 2,041,888, last on 31 January 2022 for AED 1,300,000 (AED 3,046 per sqft).
  • One-beds in The Address Residence Fountain View 2 sold for AED 3,500,000–4,600,000 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 2022.

Questions about 402, The Address Residence Fountain View 2

What did unit 402 last sell for?

AED 1,300,000 on 31 January 2022: AED 3,046 per sqft for 427 sqft. The unit has 3 registered sales; the first was AED 2,041,888 in October 2013.

How big is unit 402?

427 sqft (39.7 sqm): a one-bedroom hotel apartment on the 4th floor of a 58-storey tower completed in 2019.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address Residence Fountain View 2 sold for AED 3,500,000 to 4,600,000 in the last 12 months, around AED 4,629 per sqft.

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Mortgage on 402, The Address Residence Fountain View 2

Starts from the last sale price (AED 1.3M, 31 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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