3-bed · 2,438 sqftThe Address Residence Sky View 2, Downtown Dubai · 17th floor · completed 2019

1704, The Address Residence Sky View 2

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

Unit 1704 · DLD and Ejari recordsUpdated 23 June 2021
Last soldAED 5.86M23 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, The Address Residence Sky View 2

What is 1704 worth today?

Last sold for AED 5,861,888 in 2021

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23 Jun 2021Sold by developerReady
AED 5,861,888AED 2,404 per sqft

Source: Dubai Land Department. Updated 23 June 2021.

Key facts

Type
3-bed hotel apartment
Size
2,438 sqft
Floor
17th of 51
Parking
B2-78, B2-313
Developer
Emaar
Completed
2019
Last sold
AED 5.86M · June 2021

About 1704, The Address Residence Sky View 2

1704 is a three-bedroom hotel apartment of 2,438 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 23 June 2021 for AED 5,861,888, or AED 2,404 per sqft, 4% below the AED 2,494 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1704 over time

Sales
Unit 1704, each saleTypical three-bed in The Address Residence Sky View 2
5M10M2013201720212025Typical sale price by year: 2013 AED 5,483,888; 2014 AED 6,633,392; 2015 AED 6,002,888; 2016 AED 6,045,888; 2017 AED 6,071,888; 2018 AED 5,140,944; 2019 AED 5,781,888; 2020 AED 4,700,000; 2021 AED 6,300,000; 2022 AED 6,850,000; 2023 AED 8,500,000; 2024 AED 9,900,000; 2025 AED 11,800,000; 2026 AED 8,400,000Sold by developer, June 2021: AED 5,861,888 (AED 2,404 per sqft)

1704 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1704, each contractTypical three-bed in The Address Residence Sky View 2
200K400K600K2020202220242026Typical rent by year: 2020 AED 240,000; 2021 AED 380,000; 2022 AED 450,000; 2023 AED 524,000; 2024 AED 530,000; 2025 AED 547,500; 2026 AED 509,998

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 1704 sits

All 92 3-beds →

1704 last sold in June 2021 at AED 2,404 per sqft, 4% below what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,494). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Oct 20268,200,000
11 Jun 20268,400,000
30 Apr 202610,000,000
22 Dec 202512,000,000
4 3-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
17012-bedAED 4.72M · Dec 2021
17023-bedAED 9M · Sep 2023
17032-bedAED 4.8M · Mar 2015
17052-bedAED 6.1M · Apr 2023
17063-bedAED 8M · Sep 2023
17071-bedAED 3.1M · Jun 2023

1704, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 23 June 2021 for AED 5,861,888, or AED 2,404 per sqft.
  • 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 23 June 2021.

Questions about 1704, The Address Residence Sky View 2

What did unit 1704 last sell for?

AED 5,861,888 on 23 June 2021, sold by the developer: AED 2,404 per sqft for 2,438 sqft. It is the only registered sale of the unit.

How big is unit 1704?

2,438 sqft (226.5 sqm): a three-bedroom hotel apartment on the 17th floor of a 51-storey tower completed in 2019.

What is unit 1704 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 1704, The Address Residence Sky View 2

Starts from the last sale price (AED 5.86M, 23 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 5,861,888
Deposit, UAE resident (20%)
AED 1,172,378
Deposit, non-resident (40%)
AED 2,344,755
Monthly over 25 years at 3.7%
AED 23,983

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