2401, The Address Residence Sky View 2
Sold prices and rental history: sold twice, last in May 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2401, The Address Residence Sky View 2
What is 2401 worth today?
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Source: Dubai Land Department. Updated 24 May 2023.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,542 sqft
- Floor
- 24th of 51
- Parking
- B3-317
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 4.35M · May 2023
- Building
- The Address Residence Sky View 2
About 2401, The Address Residence Sky View 2
2401 is a two-bedroom hotel apartment of 1,542 sqft on the 24th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 24 May 2023 for AED 4,350,000, or AED 2,820 per sqft, 11% below the AED 3,177 two-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 16 January 2022, is AED 210,000 a year: a gross yield of 4.8% on the 2023 price.
Sales and rents for 2401 over time
2401 has sold twice; the dashed line is the two-bed median of each year in the building.
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 2401 sits
All 82 2-beds →2401 last sold in May 2023 at AED 2,820 per sqft, 11% below what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,177). 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. 2401's AED 210,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 1,542 sqft | 4,400,000 | 2,852 | ||
| 25 Mar 202625 March 2026 | 1,542 sqft | 5,200,000 | 3,371 | ||
| 23 Jan 202623 January 2026 | 1,700 sqft | 7,200,000 | 4,234 | ||
| 25 Nov 202525 November 2025 | 1,542 sqft | 5,600,000 | 3,630 |
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 24th floor
All 216 units in The Address Residence Sky View 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2402 | 3-bed | 2,021 sqft | AED 5.98MAED 5,980,888 · Apr 2016April 2016 | 530,000 /yr | |
| 2403 | 2-bed | 1,699 sqft | AED 5.2MAED 5,200,000 · Nov 2021November 2021 | 350,000 /yr | |
| 2404 | 3-bed | 2,438 sqft | AED 5.93MAED 5,931,888 · Dec 2013December 2013 | 570,000 /yr | |
| 2405 | 2-bed | 1,673 sqft | AED 3MAED 3,000,000 · Oct 2018October 2018 | 490,000 /yr | |
| 2406 | 3-bed | 1,999 sqft | AED 5.98MAED 5,979,888 · Jan 2018January 2018 | 480,000 /yr | |
| 2407 | 1-bed | 1,051 sqft | AED 2.65MAED 2,650,000 · Jul 2022July 2022 | 250,696 /yr |
2401, The Address Residence Sky View 2 in numbers
- Sold twice: first on 2 December 2013 for AED 3,559,888, last on 24 May 2023 for AED 4,350,000 (AED 2,820 per sqft).
- Rented since September 2020 on 3 Ejari contracts, from AED 150,000 to AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2023 price is 4.8%.
- 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 24 May 2023.
Questions about 2401, The Address Residence Sky View 2
What did unit 2401 last sell for?
AED 4,350,000 on 24 May 2023: AED 2,820 per sqft for 1,542 sqft. The unit has 2 registered sales; the first was AED 3,559,888 in December 2013.
What is the rent for unit 2401?
AED 210,000 a year on the contract renewed on 16 January 2022. The previous contract, from January 2021, was AED 175,000; the unit has been rented since September 2020.
How big is unit 2401?
1,542 sqft (143.3 sqm): a two-bedroom hotel apartment on the 24th floor of a 51-storey tower completed in 2019.
What is unit 2401 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 2401, The Address Residence Sky View 2
Starts from the last sale price (AED 4.35M, 24 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,350,000
- Deposit, UAE resident (20%)
- AED 870,000
- Deposit, non-resident (40%)
- AED 1,740,000
- Monthly over 25 years at 3.7%
- AED 17,797
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →