1-bed · 852 sqftThe Address Residence Fountain View 2, Downtown Dubai · 7th floor · completed 2019

703, The Address Residence Fountain View 2

Sold prices and rental history: sold twice, last in May 2014, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 16 October 2024
Last soldAED 2.57M27 May 2014
Current rentAED 210K /yr16 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, The Address Residence Fountain View 2

What is 703 worth today?

Last sold for AED 2,568,102 in 2014

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16 Oct 2024RentedNew contract
AED 210,000/yr12 months · AED 247 per sqft
1 Jun 2023RentedNew contract
AED 180,000/yr13 months · AED 212 per sqft
27 May 2014SoldOff-plan
AED 2,568,102AED 3,015 per sqft
3 Oct 2013Sold by developerOff-plan
AED 2,087,888AED 2,451 per sqft

Source: Dubai Land Department. Updated 16 October 2024.

Key facts

Type
1-bed hotel apartment
Size
852 sqft
Floor
7th of 58
Parking
B3-294
Developer
Emaar
Completed
2019
Last sold
AED 2.57M · May 2014

About 703, The Address Residence Fountain View 2

703 is a one-bedroom hotel apartment of 852 sqft on the 7th floor of The Address Residence Fountain View 2, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 27 May 2014 for AED 2,568,102, or AED 3,015 per sqft, 23% above the AED 2,451 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 16 October 2024, is AED 210,000 a year: a gross yield of 8.2% on the 2014 price.

Sales and rents for 703 over time

Sales
Unit 703, 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 2,087,888 (AED 2,451 per sqft)Sold, May 2014: AED 2,568,102 (AED 3,015 per sqft)

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

Rents
Unit 703, 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 175,000New contract, June 2023: AED 180,000 a yearNew contract, October 2024: AED 210,000 a year

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 703 sits

All 80 1-beds →

703 last sold in May 2014 at AED 3,015 per sqft, 23% above what one-beds in The Address Residence Fountain View 2 were fetching at the time (AED 2,451). 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. 703's AED 210,000 is in the upper half of that range.

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 255K /yr
Typical yield
4.6%
The Address Residence Fountain View 2, Downtown Dubai: prices, sales and rents →
Value
7012-bedAED 3.17M · Oct 2013
7021-bedAED 2.15M · Mar 2016
7042-bedAED 3.66M · Oct 2013
7051-bedAED 4M · Nov 2024
7061-bedAED 2.33M · May 2022
7072-bedAED 3.17M · Oct 2013

703, The Address Residence Fountain View 2 in numbers

  • Sold twice: first on 3 October 2013 for AED 2,087,888, last on 27 May 2014 for AED 2,568,102 (AED 3,015 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, from AED 180,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2014 price is 8.2%.
  • 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 16 October 2024.

Questions about 703, The Address Residence Fountain View 2

What did unit 703 last sell for?

AED 2,568,102 on 27 May 2014: AED 3,015 per sqft for 852 sqft. The unit has 2 registered sales; the first was AED 2,087,888 in October 2013.

What is the rent for unit 703?

AED 210,000 a year on the contract signed on 16 October 2024. The previous contract, from June 2023, was AED 180,000.

How big is unit 703?

852 sqft (79.2 sqm): a one-bedroom hotel apartment on the 7th floor of a 58-storey tower completed in 2019.

What is unit 703 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 703, The Address Residence Fountain View 2

Starts from the last sale price (AED 2.57M, 27 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,568,102
Deposit, UAE resident (20%)
AED 513,620
Deposit, non-resident (40%)
AED 1,027,241
Monthly over 25 years at 3.7%
AED 10,507

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