3-bed · 2,438 sqftThe Address Residence Sky View 2, Downtown Dubai · 24th floor · completed 2019

2404, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 1 July 2025
Last soldAED 5.93M10 December 2013
Current rentAED 570K /yr1 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2404, The Address Residence Sky View 2

What is 2404 worth today?

Last sold for AED 5,931,888 in 2013

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1 Jul 2025RentedRenewal
AED 570,000/yr12 months · AED 234 per sqft
1 Jul 2025RentedRenewal
AED 570,000/yr12 months · AED 234 per sqft
1 Jul 2024RentedNew contract
AED 570,000/yr12 months · AED 234 per sqft
1 Jul 2023RentedNew contract
AED 550,000/yr12 months · AED 226 per sqft
28 Apr 2022RentedNew contract
AED 530,000/yr12 months · AED 218 per sqft
14 Mar 2021RentedNew contract
AED 380,000/yr12 months · AED 156 per sqft
10 Dec 2013Sold by developerOff-plan
AED 5,931,888AED 2,433 per sqft

Source: Dubai Land Department. Updated 1 July 2025.

Key facts

Type
3-bed hotel apartment
Size
2,438 sqft
Floor
24th of 51
Parking
B2-74, B2-307
Developer
Emaar
Completed
2019
Last sold
AED 5.93M · December 2013

About 2404, The Address Residence Sky View 2

2404 is a three-bedroom hotel apartment of 2,438 sqft on the 24th 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 10 December 2013 for AED 5,931,888, or AED 2,433 per sqft, 7% below the AED 2,606 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 1 July 2025, is AED 570,000 a year: a gross yield of 9.6% on the 2013 price.

Sales and rents for 2404 over time

Sales
Unit 2404, 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, December 2013: AED 5,931,888 (AED 2,433 per sqft)

2404 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2404, 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 509,998New contract, March 2021: AED 380,000 a yearNew contract, April 2022: AED 530,000 a yearNew contract, July 2023: AED 550,000 a yearNew contract, July 2024: AED 570,000 a yearRenewal, July 2025: AED 570,000 a yearRenewal, July 2025: AED 570,000 a year

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 2404 sits

All 92 3-beds →

2404 last sold in December 2013 at AED 2,433 per sqft, 7% below what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,606). 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. 2404's AED 570,000 is in the upper half of that range.

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
24012-bedAED 4.35M · May 2023
24023-bedAED 5.98M · Apr 2016
24032-bedAED 5.2M · Nov 2021
24052-bedAED 3M · Oct 2018
24063-bedAED 5.98M · Jan 2018
24071-bedAED 2.65M · Jul 2022

2404, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 10 December 2013 for AED 5,931,888, or AED 2,433 per sqft.
  • Rented since March 2021 on 6 Ejari contracts, from AED 380,000 to AED 570,000 a year.
  • At AED 570,000 a year the gross yield on the 2013 price is 9.6%.
  • 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 1 July 2025.

Questions about 2404, The Address Residence Sky View 2

What did unit 2404 last sell for?

AED 5,931,888 on 10 December 2013, sold by the developer: AED 2,433 per sqft for 2,438 sqft. It is the only registered sale of the unit.

What is the rent for unit 2404?

AED 570,000 a year on the contract renewed on 1 July 2025. The previous contract, from July 2025, was AED 570,000; the unit has been rented since March 2021.

How big is unit 2404?

2,438 sqft (226.5 sqm): a three-bedroom hotel apartment on the 24th floor of a 51-storey tower completed in 2019.

What is unit 2404 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 2404, The Address Residence Sky View 2

Starts from the last sale price (AED 5.93M, 10 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,931,888
Deposit, UAE resident (20%)
AED 1,186,378
Deposit, non-resident (40%)
AED 2,372,755
Monthly over 25 years at 3.7%
AED 24,269

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