2402, The Address Residence Sky View 1
Sold prices and rental history: sold 4 times, last in November 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2402, The Address Residence Sky View 1
What is 2402 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,020 sqft
- Floor
- 24th of 58
- Parking
- B2-114, B2-113
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 9.5M · November 2023
- Building
- The Address Residence Sky View 1
About 2402, The Address Residence Sky View 1
2402 is a three-bedroom hotel apartment of 2,020 sqft on the 24th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 22 November 2023 for AED 9,500,000, or AED 4,703 per sqft, 52% above the AED 3,087 three-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 1 October 2024, is AED 830,000 a year: a gross yield of 8.7% on the 2023 price.
Sales and rents for 2402 over time
2402 has sold 4 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in The Address Residence Sky View 1, and where 2402 sits
All 121 3-beds →2402 last sold in November 2023 at AED 4,703 per sqft, 52% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,087). Over the last 12 months three-beds sold for AED 6,000,000 to 12,800,000, around AED 4,257 per sqft, and rent for AED 300,000 to 655,000 a year. 2402's AED 830,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jun 20263 June 2026 | 2,020 sqft | 8,200,000 | 4,059 | ||
| 4 May 20264 May 2026 | 2,020 sqft | 6,500,000 | 3,218 | ||
| 18 Mar 202618 March 2026 | 2,134 sqft | 6,000,000 | 2,811 | ||
| 27 Jan 202627 January 2026 | 2,428 sqft | 12,800,000 | 5,272 |
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 | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,329 sqft | AED 3.11MAED 3,107,888 · Dec 2013December 2013 | 290,000 /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 |
2402, The Address Residence Sky View 1 in numbers
- Sold 4 times: first on 3 December 2013 for AED 5,225,888, last on 22 November 2023 for AED 9,500,000 (AED 4,703 per sqft).
- Rented since February 2020 on 3 Ejari contracts. The rent fell from AED 280,000 to AED 250,000 in 2021 and recovered to AED 830,000 by October 2024.
- At AED 830,000 a year the gross yield on the 2023 price is 8.7%.
- Three-beds in The Address Residence Sky View 1 sold for AED 6,000,000–12,800,000 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 October 2024.
Questions about 2402, The Address Residence Sky View 1
What did unit 2402 last sell for?
AED 9,500,000 on 22 November 2023: AED 4,703 per sqft for 2,020 sqft. The unit has 4 registered sales; the first was AED 5,225,888 in December 2013.
What is the rent for unit 2402?
AED 830,000 a year on the contract signed on 1 October 2024. The previous contract, from October 2021, was AED 250,000; the unit has been rented since February 2020.
How big is unit 2402?
2,020 sqft (187.7 sqm): a three-bedroom hotel apartment on the 24th floor of a 58-storey tower completed in 2019.
What is unit 2402 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Address Residence Sky View 1 sold for AED 6,000,000 to 12,800,000 in the last 12 months, around AED 4,257 per sqft.
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Mortgage on 2402, The Address Residence Sky View 1
Starts from the last sale price (AED 9.5M, 22 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 9,500,000
- Deposit, UAE resident (20%)
- AED 1,900,000
- Deposit, non-resident (40%)
- AED 3,800,000
- Monthly over 25 years at 3.7%
- AED 38,867
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →