2-bed · 1,542 sqftThe Address Residence Sky View 2, Downtown Dubai · 17th floor · completed 2019

1701, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in December 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 28 December 2021
Last soldAED 4.72M28 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, The Address Residence Sky View 2

What is 1701 worth today?

Last sold for AED 4,723,567 in 2021

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28 Dec 2021Sold by developerReady
AED 4,723,567AED 3,062 per sqft

Source: Dubai Land Department. Updated 28 December 2021.

Key facts

Type
2-bed hotel apartment
Size
1,542 sqft
Floor
17th of 51
Parking
B3-46
Developer
Emaar
Completed
2019
Last sold
AED 4.72M · December 2021

About 1701, The Address Residence Sky View 2

1701 is a two-bedroom hotel apartment of 1,542 sqft on the 17th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 28 December 2021 for AED 4,723,567, or AED 3,062 per sqft, 29% above the AED 2,366 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical two-bed in The Address Residence Sky View 2
4M6M2013201720212025Typical sale price by year: 2013 AED 4,326,888; 2014 AED 4,783,850; 2015 AED 4,802,888; 2016 AED 4,149,995; 2018 AED 3,752,444; 2019 AED 4,930,888; 2020 AED 2,900,000; 2021 AED 4,450,000; 2022 AED 5,167,500; 2023 AED 5,950,000; 2024 AED 5,150,000; 2025 AED 5,600,000; 2026 AED 5,200,000Sold by developer, December 2021: AED 4,723,567 (AED 3,062 per sqft)

1701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in The Address Residence Sky View 2
200K400K2020202220242026Typical rent by year: 2020 AED 180,000; 2021 AED 245,000; 2022 AED 325,000; 2023 AED 400,000; 2024 AED 400,000; 2025 AED 415,000; 2026 AED 330,000

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 2, and where 1701 sits

All 82 2-beds →

1701 last sold in December 2021 at AED 3,062 per sqft, 29% above what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,366). Over the last 12 months two-beds sold for AED 4,400,000 to 7,200,000, around AED 3,501 per sqft, and rent for AED 251,788 to 450,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20264,400,000
25 Mar 20265,200,000
23 Jan 20267,200,000
25 Nov 20255,600,000
4 2-bed sales in the last 12 months

The Address Residence Sky View 2

Building

216 apartments, 1-bed to 5-bed over 51 floors in Downtown Dubai, completed in 2019 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 4,056 Down 11.1%
Typical sale
AED 8M
Typical rent
AED 408K /yr
Typical yield
5.1%
The Address Residence Sky View 2, Downtown Dubai: prices, sales and rents →
Value
17023-bedAED 9M · Sep 2023
17032-bedAED 4.8M · Mar 2015
17043-bedAED 5.86M · Jun 2021
17052-bedAED 6.1M · Apr 2023
17063-bedAED 8M · Sep 2023
17071-bedAED 3.1M · Jun 2023

1701, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 28 December 2021 for AED 4,723,567, or AED 3,062 per sqft.
  • Two-beds in The Address Residence Sky View 2 sold for AED 4,400,000–7,200,000 in the 12 months to November 2026; the building's median across all types is AED 4,056 per sqft.

Source: Dubai Land Department. Updated 28 December 2021.

Questions about 1701, The Address Residence Sky View 2

What did unit 1701 last sell for?

AED 4,723,567 on 28 December 2021, sold by the developer: AED 3,062 per sqft for 1,542 sqft. It is the only registered sale of the unit.

How big is unit 1701?

1,542 sqft (143.3 sqm): a two-bedroom hotel apartment on the 17th floor of a 51-storey tower completed in 2019.

What is unit 1701 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 2 sold for AED 4,400,000 to 7,200,000 in the last 12 months, around AED 3,501 per sqft.

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Mortgage on 1701, The Address Residence Sky View 2

Starts from the last sale price (AED 4.72M, 28 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 4,723,567
Deposit, UAE resident (20%)
AED 944,713
Deposit, non-resident (40%)
AED 1,889,427
Monthly over 25 years at 3.7%
AED 19,326

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