2-bed · 1,542 sqftThe Address Residence Sky View 2, Downtown Dubai · 22nd floor · completed 2019

2201, The Address Residence Sky View 2

Sold prices and rental history: sold 3 times, last in December 2022, and rented once, from November 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2201 · DLD and Ejari recordsUpdated 3 November 2023
Last soldAED 3.9M27 December 2022
Current rentAED 320K /yr3 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2201, The Address Residence Sky View 2

What is 2201 worth today?

Last sold for AED 3,900,000 in 2022

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3 Nov 2023RentedNew contract
AED 320,000/yr12 months · AED 208 per sqft
27 Dec 2022SoldReady
AED 3,900,000AED 2,528 per sqft
1 Feb 2021SoldReady
AED 3,000,000AED 1,944 per sqft
28 Jan 2016Sold by developerOff-plan
AED 3,998,888AED 2,592 per sqft

Source: Dubai Land Department. Updated 3 November 2023.

Key facts

Type
2-bed hotel apartment
Size
1,542 sqft
Floor
22nd of 51
Parking
B3-50
Developer
Emaar
Completed
2019
Last sold
AED 3.9M · December 2022

About 2201, The Address Residence Sky View 2

2201 is a two-bedroom hotel apartment of 1,542 sqft on the 22nd 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 December 2022 for AED 3,900,000, or AED 2,528 per sqft, 18% below the AED 3,101 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 November 2023. The current contract, signed on 3 November 2023, is AED 320,000 a year: a gross yield of 8.2% on the 2022 price.

Sales and rents for 2201 over time

Sales
Unit 2201, 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, January 2016: AED 3,998,888 (AED 2,592 per sqft)Sold, February 2021: AED 3,000,000 (AED 1,944 per sqft)Sold, December 2022: AED 3,900,000 (AED 2,528 per sqft)

2201 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2201, 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 330,000New contract, November 2023: AED 320,000 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 2, and where 2201 sits

All 82 2-beds →

2201 last sold in December 2022 at AED 2,528 per sqft, 18% below what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,101). 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. 2201's AED 320,000 is in the lower half of that range.

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
22023-bedAED 5.29M · Dec 2013
22032-bedAED 4.75M · May 2022
22043-bedAED 10.9M · Jan 2025
22052-bedAED 7.5M · Oct 2024
22063-bedAED 5.29M · Dec 2013
22071-bedAED 2.66M · May 2015

2201, The Address Residence Sky View 2 in numbers

  • Sold 3 times: first on 28 January 2016 for AED 3,998,888, last on 27 December 2022 for AED 3,900,000 (AED 2,528 per sqft).
  • Rented since November 2023 on one Ejari contract, at AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2022 price is 8.2%.
  • 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 3 November 2023.

Questions about 2201, The Address Residence Sky View 2

What did unit 2201 last sell for?

AED 3,900,000 on 27 December 2022: AED 2,528 per sqft for 1,542 sqft. The unit has 3 registered sales; the first was AED 3,998,888 in January 2016.

What is the rent for unit 2201?

AED 320,000 a year on the contract signed on 3 November 2023.

How big is unit 2201?

1,542 sqft (143.3 sqm): a two-bedroom hotel apartment on the 22nd floor of a 51-storey tower completed in 2019.

What is unit 2201 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 2201, The Address Residence Sky View 2

Starts from the last sale price (AED 3.9M, 27 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,900,000
Deposit, UAE resident (20%)
AED 780,000
Deposit, non-resident (40%)
AED 1,560,000
Monthly over 25 years at 3.7%
AED 15,956

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