2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 20th floor · completed 2019

2003, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2003 · DLD and Ejari recordsUpdated 1 May 2025
Last soldAED 6.1M18 April 2023
Current rentAED 385K /yr1 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2003, The Address Residence Sky View 1

What is 2003 worth today?

Last sold for AED 6,100,000 in 2023

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1 May 2025RentedRenewal
AED 385,000/yr12 months · AED 226 per sqft
1 May 2025RentedRenewal
AED 385,000/yr12 months · AED 226 per sqft
1 May 2024RentedNew contract
AED 390,000/yr12 months · AED 229 per sqft
18 Apr 2023SoldReady
AED 6,100,000AED 3,590 per sqft
28 Nov 2022RentedNew contract
AED 460,000/yr12 months · AED 270 per sqft
13 Nov 2021RentedNew contract
AED 325,000/yr12 months · AED 191 per sqft
13 Feb 2020RentedNew contract
AED 250,000/yr12 months · AED 147 per sqft
7 Oct 2013Sold by developerOff-plan
AED 4,249,888AED 2,501 per sqft

Source: Dubai Land Department. Updated 1 May 2025.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
20th of 58
Parking
B3-268
Developer
Emaar
Completed
2019
Last sold
AED 6.1M · April 2023

About 2003, The Address Residence Sky View 1

2003 is a two-bedroom hotel apartment of 1,699 sqft on the 20th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 18 April 2023 for AED 6,100,000, or AED 3,590 per sqft, 22% above the AED 2,943 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 1 May 2025, is AED 385,000 a year: a gross yield of 6.3% on the 2023 price.

Sales and rents for 2003 over time

Sales
Unit 2003, each saleTypical two-bed in The Address Residence Sky View 1
4M6M2013201720212025Typical sale price by year: 2013 AED 4,066,888; 2014 AED 4,615,799; 2015 AED 4,054,888; 2016 AED 3,943,344; 2017 AED 3,532,444; 2018 AED 3,558,888; 2019 AED 3,720,000; 2020 AED 2,737,500; 2021 AED 3,275,000; 2022 AED 4,600,000; 2023 AED 5,700,000; 2024 AED 6,550,000; 2025 AED 4,950,000; 2026 AED 6,500,000Sold by developer, October 2013: AED 4,249,888 (AED 2,501 per sqft)Sold, April 2023: AED 6,100,000 (AED 3,590 per sqft)

2003 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2003, each contractTypical two-bed in The Address Residence Sky View 1
200K400K2020202220242026Typical rent by year: 2020 AED 160,000; 2021 AED 212,500; 2022 AED 300,000; 2023 AED 339,000; 2024 AED 364,000; 2025 AED 320,000; 2026 AED 300,000New contract, February 2020: AED 250,000 a yearNew contract, November 2021: AED 325,000 a yearNew contract, November 2022: AED 460,000 a yearNew contract, May 2024: AED 390,000 a yearRenewal, May 2025: AED 385,000 a yearRenewal, May 2025: AED 385,000 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 Sky View 1, and where 2003 sits

All 159 2-beds →

2003 last sold in April 2023 at AED 3,590 per sqft, 22% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,943). Over the last 12 months two-beds sold for AED 1,800,000 to 8,525,000, around AED 3,825 per sqft, and rent for AED 190,000 to 450,000 a year. 2003's AED 385,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Oct 20265,050,000
13 Oct 20267,665,888
16 Sep 20266,800,000
10 Aug 20267,000,000
19 2-bed sales in the last 12 months

The Address Residence Sky View 1

Building

326 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2019 by Emaar. 30 sold in the last 12 months.

Typical price per sqft
AED 3,825 Level
Typical sale
AED 6.5M
Typical rent
AED 300K /yr
Typical yield
5.4%
The Address Residence Sky View 1, Downtown Dubai: prices, sales and rents →
Value
20012-bedAED 2.7M · Sep 2021
20023-bedAED 8M · May 2025
20043-bedAED 6.3M · Jun 2014
20052-bedAED 4.25M · Dec 2013
20063-bedAED 5.29M · Apr 2014
20072-bedAED 3.5M · Nov 2016

2003, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 7 October 2013 for AED 4,249,888, last on 18 April 2023 for AED 6,100,000 (AED 3,590 per sqft).
  • Rented since February 2020 on 6 Ejari contracts, from AED 250,000 to AED 385,000 a year.
  • At AED 385,000 a year the gross yield on the 2023 price is 6.3%.
  • Two-beds in The Address Residence Sky View 1 sold for AED 1,800,000–8,525,000 in the 12 months to November 2026; the building's median across all types is AED 3,825 per sqft.

Source: Dubai Land Department. Updated 1 May 2025.

Questions about 2003, The Address Residence Sky View 1

What did unit 2003 last sell for?

AED 6,100,000 on 18 April 2023: AED 3,590 per sqft for 1,699 sqft. The unit has 2 registered sales; the first was AED 4,249,888 in October 2013.

What is the rent for unit 2003?

AED 385,000 a year on the contract renewed on 1 May 2025. The previous contract, from May 2025, was AED 385,000; the unit has been rented since February 2020.

How big is unit 2003?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 20th floor of a 58-storey tower completed in 2019.

What is unit 2003 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 Sky View 1 sold for AED 1,800,000 to 8,525,000 in the last 12 months, around AED 3,825 per sqft.

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Mortgage on 2003, The Address Residence Sky View 1

Starts from the last sale price (AED 6.1M, 18 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,100,000
Deposit, UAE resident (20%)
AED 1,220,000
Deposit, non-resident (40%)
AED 2,440,000
Monthly over 25 years at 3.7%
AED 24,957

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