2405, The Address Residence Sky View 2
Sold prices and rental history: sold twice, last in October 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2405, The Address Residence Sky View 2
What is 2405 worth today?
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Source: Dubai Land Department. Updated 7 October 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,673 sqft
- Floor
- 24th of 51
- Parking
- B3-306
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3M · October 2018
- Building
- The Address Residence Sky View 2
About 2405, The Address Residence Sky View 2
2405 is a two-bedroom hotel apartment of 1,673 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 17 October 2018 for AED 3,000,000, or AED 1,793 per sqft.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 7 October 2024, is AED 490,000 a year: a gross yield of 16.3% on the 2018 price.
Sales and rents for 2405 over time
2405 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 2405 sits
All 82 2-beds →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. 2405's AED 490,000 is at the top 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 | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,542 sqft | AED 4.35MAED 4,350,000 · May 2023May 2023 | 210,000 /yr | |
| 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 | |
| 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 |
2405, The Address Residence Sky View 2 in numbers
- Sold twice: first on 10 December 2013 for AED 4,318,888, last on 17 October 2018 for AED 3,000,000 (AED 1,793 per sqft).
- Rented since May 2022 on 3 Ejari contracts, from AED 370,000 to AED 490,000 a year.
- At AED 490,000 a year the gross yield on the 2018 price is 16.3%.
- 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 7 October 2024.
Questions about 2405, The Address Residence Sky View 2
What did unit 2405 last sell for?
AED 3,000,000 on 17 October 2018: AED 1,793 per sqft for 1,673 sqft. The unit has 2 registered sales; the first was AED 4,318,888 in December 2013.
What is the rent for unit 2405?
AED 490,000 a year on the contract signed on 7 October 2024. The previous contract, from May 2023, was AED 370,000; the unit has been rented since May 2022.
How big is unit 2405?
1,673 sqft (155.4 sqm): a two-bedroom hotel apartment on the 24th floor of a 51-storey tower completed in 2019.
What is unit 2405 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 2405, The Address Residence Sky View 2
Starts from the last sale price (AED 3M, 17 October 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →