1702, The Address Residence Sky View 2
Sold prices and rental history: sold 3 times, last in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1702, The Address Residence Sky View 2
What is 1702 worth today?
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Source: Dubai Land Department. Updated 27 September 2023.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,021 sqft
- Floor
- 17th of 51
- Parking
- B3-91, B3-353, B3-354
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 9M · September 2023
- Building
- The Address Residence Sky View 2
About 1702, The Address Residence Sky View 2
1702 is a three-bedroom hotel apartment of 2,021 sqft on the 17th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 27 September 2023 for AED 9,000,000, or AED 4,452 per sqft, 18% above the AED 3,779 three-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 April 2023, is AED 575,000 a year: a gross yield of 6.4% on the 2023 price.
Sales and rents for 1702 over time
1702 has sold 3 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 2, and where 1702 sits
All 92 3-beds →1702 last sold in September 2023 at AED 4,452 per sqft, 18% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,779). Over the last 12 months three-beds sold for AED 8,200,000 to 12,000,000, around AED 4,134 per sqft, and rent for AED 420,000 to 590,000 a year. 1702's AED 575,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Oct 202614 October 2026 | 2,021 sqft | 8,200,000 | 4,056 | ||
| 11 Jun 202611 June 2026 | 2,021 sqft | 8,400,000 | 4,155 | ||
| 30 Apr 202630 April 2026 | 2,432 sqft | 10,000,000 | 4,112 | ||
| 22 Dec 202522 December 2025 | 2,432 sqft | 12,000,000 | 4,935 |
The Address Residence Sky View 2
Building216 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%
Other units on the 17th floor
All 216 units in The Address Residence Sky View 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,542 sqft | AED 4.72MAED 4,723,567 · Dec 2021December 2021 | ||
| 1703 | 2-bed | 1,699 sqft | AED 4.8MAED 4,802,888 · Mar 2015March 2015 | ||
| 1704 | 3-bed | 2,438 sqft | AED 5.86MAED 5,861,888 · Jun 2021June 2021 | ||
| 1705 | 2-bed | 1,700 sqft | AED 6.1MAED 6,100,000 · Apr 2023April 2023 | 360,000 /yr | |
| 1706 | 3-bed | 2,021 sqft | AED 8MAED 8,000,000 · Sep 2023September 2023 | 490,000 /yr | |
| 1707 | 1-bed | 1,051 sqft | AED 3.1MAED 3,100,000 · Jun 2023June 2023 | 255,000 /yr |
1702, The Address Residence Sky View 2 in numbers
- Sold 3 times: first on 16 May 2021 for AED 7,063,431, last on 27 September 2023 for AED 9,000,000 (AED 4,452 per sqft).
- Rented since November 2021 on 2 Ejari contracts, from AED 480,000 to AED 575,000 a year.
- At AED 575,000 a year the gross yield on the 2023 price is 6.4%.
- Three-beds in The Address Residence Sky View 2 sold for AED 8,200,000–12,000,000 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 27 September 2023.
Questions about 1702, The Address Residence Sky View 2
What did unit 1702 last sell for?
AED 9,000,000 on 27 September 2023: AED 4,452 per sqft for 2,021 sqft. The unit has 3 registered sales; the first was AED 7,063,431 in May 2021.
What is the rent for unit 1702?
AED 575,000 a year on the contract signed on 1 April 2023. The previous contract, from November 2021, was AED 480,000.
How big is unit 1702?
2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 17th floor of a 51-storey tower completed in 2019.
What is unit 1702 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 2 sold for AED 8,200,000 to 12,000,000 in the last 12 months, around AED 4,134 per sqft.
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Mortgage on 1702, The Address Residence Sky View 2
Starts from the last sale price (AED 9M, 27 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 9,000,000
- Deposit, UAE resident (20%)
- AED 1,800,000
- Deposit, non-resident (40%)
- AED 3,600,000
- Monthly over 25 years at 3.7%
- AED 36,822
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →