2406, The Address Residence Sky View 2
Sold prices and rental history: sold twice, last in January 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2406, The Address Residence Sky View 2
What is 2406 worth today?
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Source: Dubai Land Department. Updated 20 October 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 1,999 sqft
- Floor
- 24th of 51
- Parking
- B2-84, B2-324
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 5.98M · January 2018
- Building
- The Address Residence Sky View 2
About 2406, The Address Residence Sky View 2
2406 is a three-bedroom hotel apartment of 1,999 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 15 January 2018 for AED 5,979,888, or AED 2,990 per sqft, in line with the AED 2,976 three-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 20 October 2024, is AED 480,000 a year: a gross yield of 8.0% on the 2018 price.
Sales and rents for 2406 over time
2406 has sold twice; the dashed line is the three-bed median of each year in the building.
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 2406 sits
All 92 3-beds →2406 last sold in January 2018 at AED 2,990 per sqft, in line with what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,976). 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. 2406's AED 480,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Oct 202614 October 2026 | 2,021 sqft | 8,200,000 | 4,056 | ||
| 11 Jun 202611 June 2026 | 2,021 sqft | 8,400,000 | 4,155 | ||
| 30 Apr 202630 April 2026 | 2,432 sqft | 10,000,000 | 4,112 | ||
| 22 Dec 202522 December 2025 | 2,432 sqft | 12,000,000 | 4,935 |
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 | |
| 2405 | 2-bed | 1,673 sqft | AED 3MAED 3,000,000 · Oct 2018October 2018 | 490,000 /yr | |
| 2407 | 1-bed | 1,051 sqft | AED 2.65MAED 2,650,000 · Jul 2022July 2022 | 250,696 /yr |
2406, The Address Residence Sky View 2 in numbers
- Sold twice: first on 4 January 2015 for AED 5,979,888, last on 15 January 2018 for AED 5,979,888 (AED 2,990 per sqft).
- Rented since October 2023 on 2 Ejari contracts, from AED 481,337 to AED 480,000 a year.
- At AED 480,000 a year the gross yield on the 2018 price is 8.0%.
- 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 20 October 2024.
Questions about 2406, The Address Residence Sky View 2
What did unit 2406 last sell for?
AED 5,979,888 on 15 January 2018: AED 2,990 per sqft for 1,999 sqft. The unit has 2 registered sales; the first was AED 5,979,888 in January 2015.
What is the rent for unit 2406?
AED 480,000 a year on the contract signed on 20 October 2024. The previous contract, from October 2023, was AED 481,337.
How big is unit 2406?
1,999 sqft (185.7 sqm): a three-bedroom hotel apartment on the 24th floor of a 51-storey tower completed in 2019.
What is unit 2406 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 2406, The Address Residence Sky View 2
Starts from the last sale price (AED 5.98M, 15 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 5,979,888
- Deposit, UAE resident (20%)
- AED 1,195,978
- Deposit, non-resident (40%)
- AED 2,391,955
- Monthly over 25 years at 3.7%
- AED 24,466
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →