2407, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in February 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2407, The Address Residence Sky View 1
What is 2407 worth today?
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Source: Dubai Land Department. Updated 22 November 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,543 sqft
- Floor
- 24th of 58
- Parking
- B3-246
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 2.9M · February 2021
- Building
- The Address Residence Sky View 1
About 2407, The Address Residence Sky View 1
2407 is a two-bedroom hotel apartment of 1,543 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 28 February 2021 for AED 2,900,000, or AED 1,878 per sqft, in line with the AED 1,866 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 22 November 2024, is AED 310,000 a year: a gross yield of 10.7% on the 2021 price.
Sales and rents for 2407 over time
2407 has sold twice; 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 2407 sits
All 159 2-beds →2407 last sold in February 2021 at AED 1,878 per sqft, in line with what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,866). 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. 2407's AED 310,000 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 | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,329 sqft | AED 3.11MAED 3,107,888 · Dec 2013December 2013 | 290,000 /yr | |
| 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, The Address Residence Sky View 1 in numbers
- Sold twice: first on 2 December 2013 for AED 3,510,888, last on 28 February 2021 for AED 2,900,000 (AED 1,878 per sqft).
- Rented since June 2021 on 4 Ejari contracts, from AED 225,000 to AED 310,000 a year.
- At AED 310,000 a year the gross yield on the 2021 price is 10.7%.
- 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 22 November 2024.
Questions about 2407, The Address Residence Sky View 1
What did unit 2407 last sell for?
AED 2,900,000 on 28 February 2021: AED 1,878 per sqft for 1,543 sqft. The unit has 2 registered sales; the first was AED 3,510,888 in December 2013.
What is the rent for unit 2407?
AED 310,000 a year on the contract signed on 22 November 2024. The previous contract, from November 2024, was AED 310,000; the unit has been rented since June 2021.
How big is unit 2407?
1,543 sqft (143.3 sqm): a two-bedroom hotel apartment on the 24th floor of a 58-storey tower completed in 2019.
What is unit 2407 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 2407, The Address Residence Sky View 1
Starts from the last sale price (AED 2.9M, 28 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →