2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 22nd floor · completed 2019

2205, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2205 · DLD and Ejari recordsUpdated 27 March 2024
Last soldAED 4.56M19 February 2014
Current rentAED 410K /yr27 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2205, The Address Residence Sky View 1

What is 2205 worth today?

Last sold for AED 4,564,500 in 2014

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27 Mar 2024RentedRenewal
AED 410,000/yr12 months · AED 241 per sqft
27 Mar 2023RentedNew contract
AED 400,000/yr12 months · AED 235 per sqft
24 Dec 2021RentedNew contract
AED 247,500/yr12 months · AED 146 per sqft
20 Aug 2020RentedNew contract
AED 160,000/yr12 months · AED 95 per sqft
19 Feb 2014SoldOff-plan
AED 4,564,500AED 2,686 per sqft
3 Dec 2013Sold by developerOff-plan
AED 4,265,888AED 2,511 per sqft

Source: Dubai Land Department. Updated 27 March 2024.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
22nd of 58
Parking
B3-26
Developer
Emaar
Completed
2019
Last sold
AED 4.56M · February 2014

About 2205, The Address Residence Sky View 1

2205 is a two-bedroom hotel apartment of 1,699 sqft on the 22nd floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 19 February 2014 for AED 4,564,500, or AED 2,686 per sqft, 9% above the AED 2,465 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 27 March 2024, is AED 410,000 a year: a gross yield of 9.0% on the 2014 price.

Sales and rents for 2205 over time

Sales
Unit 2205, 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, December 2013: AED 4,265,888 (AED 2,511 per sqft)Sold, February 2014: AED 4,564,500 (AED 2,686 per sqft)

2205 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2205, 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, August 2020: AED 160,000 a yearNew contract, December 2021: AED 247,500 a yearNew contract, March 2023: AED 400,000 a yearRenewal, March 2024: AED 410,000 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 2205 sits

All 159 2-beds →

2205 last sold in February 2014 at AED 2,686 per sqft, 9% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,465). 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. 2205's AED 410,000 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
22012-bedAED 3.1M · Dec 2013
22023-bedAED 4.2M · Nov 2020
22032-bedAED 4.3M · Aug 2021
22043-bedAED 6.16M · Dec 2015
22063-bedAED 7.83M · Aug 2024
22072-bedAED 2.45M · Nov 2020

2205, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 3 December 2013 for AED 4,265,888, last on 19 February 2014 for AED 4,564,500 (AED 2,686 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 160,000 to AED 410,000 a year.
  • At AED 410,000 a year the gross yield on the 2014 price is 9.0%.
  • 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 27 March 2024.

Questions about 2205, The Address Residence Sky View 1

What did unit 2205 last sell for?

AED 4,564,500 on 19 February 2014: AED 2,686 per sqft for 1,699 sqft. The unit has 2 registered sales; the first was AED 4,265,888 in December 2013.

What is the rent for unit 2205?

AED 410,000 a year on the contract renewed on 27 March 2024. The previous contract, from March 2023, was AED 400,000; the unit has been rented since August 2020.

How big is unit 2205?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 22nd floor of a 58-storey tower completed in 2019.

What is unit 2205 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 2205, The Address Residence Sky View 1

Starts from the last sale price (AED 4.56M, 19 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,564,500
Deposit, UAE resident (20%)
AED 912,900
Deposit, non-resident (40%)
AED 1,825,800
Monthly over 25 years at 3.7%
AED 18,675

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