2-bed · 1,699 sqftThe Address Residence Sky View 1, Downtown Dubai · 28th floor · completed 2019

2805, The Address Residence Sky View 1

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2805 · DLD and Ejari recordsUpdated 18 October 2024
Last soldAED 7.9M18 October 2024
Current rentAED 364K /yr7 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2805, The Address Residence Sky View 1

What is 2805 worth today?

Last sold for AED 7,900,000 in 2024

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18 Oct 2024SoldReady
AED 7,900,000AED 4,650 per sqft
19 Mar 2024SoldReady
AED 6,450,000AED 3,796 per sqft
7 Dec 2023RentedNew contract
AED 364,000/yr12 months · AED 214 per sqft
4 Sep 2023RentedRenewal
AED 385,000/yr12 months · AED 227 per sqft
4 Sep 2022RentedNew contract
AED 330,000/yr12 months · AED 194 per sqft
18 Jan 2022RentedRenewal
AED 210,000/yr12 months · AED 123 per sqft
18 Jan 2022RentedNew contract
AED 220,500/yr12 months · AED 130 per sqft
18 Jan 2021RentedNew contract
AED 210,000/yr12 months · AED 123 per sqft

Source: Dubai Land Department. Updated 18 October 2024.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
28th of 58
Parking
B3-251
Developer
Emaar
Completed
2019
Last sold
AED 7.9M · October 2024

About 2805, The Address Residence Sky View 1

2805 is a two-bedroom hotel apartment of 1,699 sqft on the 28th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 18 October 2024 for AED 7,900,000, or AED 4,650 per sqft, 20% above the AED 3,885 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 7 December 2023, is AED 364,000 a year: a gross yield of 4.6% on the 2024 price.

Sales and rents for 2805 over time

Sales
Unit 2805, each saleTypical two-bed in The Address Residence Sky View 1
2.5M5M7.5M2013201720212025Typical 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 4,313,888 (AED 2,539 per sqft)Sold, March 2024: AED 6,450,000 (AED 3,796 per sqft)Sold, October 2024: AED 7,900,000 (AED 4,650 per sqft)

2805 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2805, 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, July 2020: AED 180,000 a yearNew contract, January 2021: AED 210,000 a yearRenewal, January 2022: AED 210,000 a yearNew contract, January 2022: AED 220,500 a yearNew contract, September 2022: AED 330,000 a yearRenewal, September 2023: AED 385,000 a yearNew contract, December 2023: AED 364,000 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 2805 sits

All 159 2-beds →

2805 last sold in October 2024 at AED 4,650 per sqft, 20% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 3,885). 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. 2805's AED 364,000 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
28012-bedAED 5M · Oct 2025
28023-bedAED 6M · Oct 2021
28032-bedAED 5M · Oct 2022
28043-bedAED 8M · Mar 2024
28063-bedAED 4.5M · Oct 2020
28072-bedAED 4.5M · May 2023

2805, The Address Residence Sky View 1 in numbers

  • Sold 3 times: first on 1 December 2013 for AED 4,313,888, last on 18 October 2024 for AED 7,900,000 (AED 4,650 per sqft).
  • Rented since July 2020 on 7 Ejari contracts, from AED 180,000 to AED 364,000 a year.
  • At AED 364,000 a year the gross yield on the 2024 price is 4.6%.
  • 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 18 October 2024.

Questions about 2805, The Address Residence Sky View 1

What did unit 2805 last sell for?

AED 7,900,000 on 18 October 2024: AED 4,650 per sqft for 1,699 sqft. The unit has 3 registered sales; the first was AED 4,313,888 in December 2013.

What is the rent for unit 2805?

AED 364,000 a year on the contract signed on 7 December 2023. The previous contract, from September 2023, was AED 385,000; the unit has been rented since July 2020.

How big is unit 2805?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 28th floor of a 58-storey tower completed in 2019.

What is unit 2805 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 2805, The Address Residence Sky View 1

Starts from the last sale price (AED 7.9M, 18 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 7,900,000
Deposit, UAE resident (20%)
AED 1,580,000
Deposit, non-resident (40%)
AED 3,160,000
Monthly over 25 years at 3.7%
AED 32,321

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