2401, The Address Residence Sky View 1
Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2401, The Address Residence Sky View 1
What is 2401 worth today?
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Source: Dubai Land Department. Updated 10 December 2025.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,329 sqft
- Floor
- 24th of 58
- Parking
- B3-9
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3.11M · December 2013
- Building
- The Address Residence Sky View 1
About 2401, The Address Residence Sky View 1
2401 is a two-bedroom hotel apartment of 1,329 sqft on the 24th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 3 December 2013 for AED 3,107,888, or AED 2,338 per sqft, 6% below the AED 2,492 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 10 December 2025, is AED 290,000 a year: a gross yield of 9.3% on the 2013 price.
Sales and rents for 2401 over time
2401 has sold once; the dashed line is the two-bed median of each year in the building.
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 2401 sits
All 159 2-beds →2401 last sold in December 2013 at AED 2,338 per sqft, 6% below what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,492). 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. 2401's AED 290,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 1,543 sqft | 5,050,000 | 3,271 | ||
| 13 Oct 202613 October 2026 | 1,699 sqft | 7,665,888 | 4,511 | ||
| 16 Sep 202616 September 2026 | 1,699 sqft | 6,800,000 | 4,002 | ||
| 10 Aug 202610 August 2026 | 1,699 sqft | 7,000,000 | 4,119 |
The Address Residence Sky View 1
Building326 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%
Other units on the 24th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2402 | 3-bed | 2,020 sqft | AED 9.5MAED 9,500,000 · Nov 2023November 2023 | 830,000 /yr | |
| 2403 | 2-bed | 1,699 sqft | AED 6.3MAED 6,300,000 · Nov 2023November 2023 | 242,000 /yr | |
| 2404 | 3-bed | 2,288 sqft | AED 7.28MAED 7,276,110 · Jun 2015June 2015 | ||
| 2405 | 2-bed | 1,699 sqft | AED 6.5MAED 6,500,000 · Jan 2026January 2026 | 420,000 /yr | |
| 2406 | 3-bed | 2,019 sqft | AED 5.38MAED 5,382,665 · Aug 2013August 2013 | 425,000 /yr | |
| 2407 | 2-bed | 1,543 sqft | AED 2.9MAED 2,900,000 · Feb 2021February 2021 | 310,000 /yr |
2401, The Address Residence Sky View 1 in numbers
- Sold once: by Emaar on 3 December 2013 for AED 3,107,888, or AED 2,338 per sqft.
- Rented since October 2020 on 5 Ejari contracts, from AED 150,000 to AED 290,000 a year.
- At AED 290,000 a year the gross yield on the 2013 price is 9.3%.
- 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 10 December 2025.
Questions about 2401, The Address Residence Sky View 1
What did unit 2401 last sell for?
AED 3,107,888 on 3 December 2013, sold by the developer: AED 2,338 per sqft for 1,329 sqft. It is the only registered sale of the unit.
What is the rent for unit 2401?
AED 290,000 a year on the contract signed on 10 December 2025. The previous contract, from October 2024, was AED 414,578; the unit has been rented since October 2020.
How big is unit 2401?
1,329 sqft (123.5 sqm): a two-bedroom hotel apartment on the 24th floor of a 58-storey tower completed in 2019.
What is unit 2401 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 2401, The Address Residence Sky View 1
Starts from the last sale price (AED 3.11M, 3 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 3,107,888
- Deposit, UAE resident (20%)
- AED 621,578
- Deposit, non-resident (40%)
- AED 1,243,155
- Monthly over 25 years at 3.7%
- AED 12,715
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →