2-bed · 1,543 sqftThe Address Residence Sky View 1, Downtown Dubai · 22nd floor · completed 2019

2207, The Address Residence Sky View 1

Sold prices and rental history: sold twice, last in November 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2207 · DLD and Ejari recordsUpdated 3 November 2020
Last soldAED 2.45M3 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2207, The Address Residence Sky View 1

What is 2207 worth today?

Last sold for AED 2,450,000 in 2020

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3 Nov 2020SoldReady
AED 2,450,000AED 1,587 per sqft
3 Dec 2013Sold by developerOff-plan
AED 3,498,888AED 2,266 per sqft

Source: Dubai Land Department. Updated 3 November 2020.

Key facts

Type
2-bed hotel apartment
Size
1,543 sqft
Floor
22nd of 58
Parking
B3-248
Developer
Emaar
Completed
2019
Last sold
AED 2.45M · November 2020

About 2207, The Address Residence Sky View 1

2207 is a two-bedroom hotel apartment of 1,543 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 3 November 2020 for AED 2,450,000, or AED 1,587 per sqft, 13% below the AED 1,824 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2207 over time

Sales
Unit 2207, each saleTypical two-bed in The Address Residence Sky View 1
2M4M6M2013201720212025Typical 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 3,498,888 (AED 2,266 per sqft)Sold, November 2020: AED 2,450,000 (AED 1,587 per sqft)

2207 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2207, each contractTypical two-bed in The Address Residence Sky View 1
200K300K400K2020202220242026Typical 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 300,000

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 2207 sits

All 159 2-beds →

2207 last sold in November 2020 at AED 1,587 per sqft, 13% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,824). 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.

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
22052-bedAED 4.56M · Feb 2014
22063-bedAED 7.83M · Aug 2024

2207, The Address Residence Sky View 1 in numbers

  • Sold twice: first on 3 December 2013 for AED 3,498,888, last on 3 November 2020 for AED 2,450,000 (AED 1,587 per sqft).
  • 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 3 November 2020.

Questions about 2207, The Address Residence Sky View 1

What did unit 2207 last sell for?

AED 2,450,000 on 3 November 2020: AED 1,587 per sqft for 1,543 sqft. The unit has 2 registered sales; the first was AED 3,498,888 in December 2013.

How big is unit 2207?

1,543 sqft (143.3 sqm): a two-bedroom hotel apartment on the 22nd floor of a 58-storey tower completed in 2019.

What is unit 2207 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 2207, The Address Residence Sky View 1

Starts from the last sale price (AED 2.45M, 3 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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