3-bed · 2,438 sqftThe Address Residence Sky View 2, Downtown Dubai · 27th floor · completed 2019

2704, The Address Residence Sky View 2

Sold prices and rental history: sold twice, last in January 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2704 · DLD and Ejari recordsUpdated 21 January 2020
Last soldAED 4.7M21 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2704, The Address Residence Sky View 2

What is 2704 worth today?

Last sold for AED 4,700,000 in 2020

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21 Jan 2020SoldReady
AED 4,700,000AED 1,928 per sqft
2 Oct 2013Sold by developerOff-plan
AED 5,961,888AED 2,445 per sqft

Source: Dubai Land Department. Updated 21 January 2020.

Key facts

Type
3-bed hotel apartment
Size
2,438 sqft
Floor
27th of 51
Parking
B3-93, B3-334, B3-335
Developer
Emaar
Completed
2019
Last sold
AED 4.7M · January 2020

About 2704, The Address Residence Sky View 2

2704 is a three-bedroom hotel apartment of 2,438 sqft on the 27th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 21 January 2020 for AED 4,700,000, or AED 1,928 per sqft, 16% below the AED 2,305 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2704 over time

Sales
Unit 2704, 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, October 2013: AED 5,961,888 (AED 2,445 per sqft)Sold, January 2020: AED 4,700,000 (AED 1,928 per sqft)

2704 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2704, 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 509,998

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 2704 sits

All 92 3-beds →

2704 last sold in January 2020 at AED 1,928 per sqft, 16% below what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,305). 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.

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
27012-bedAED 3.58M · Jun 2015
27023-bedAED 5.34M · May 2020
27032-bedAED 4.9M · Jan 2022
27052-bedAED 4.26M · Aug 2017
27063-bedAED 4.05M · Feb 2018
27071-bedAED 2.18M · Feb 2018

2704, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 2 October 2013 for AED 5,961,888, last on 21 January 2020 for AED 4,700,000 (AED 1,928 per sqft).
  • 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 21 January 2020.

Questions about 2704, The Address Residence Sky View 2

What did unit 2704 last sell for?

AED 4,700,000 on 21 January 2020: AED 1,928 per sqft for 2,438 sqft. The unit has 2 registered sales; the first was AED 5,961,888 in October 2013.

How big is unit 2704?

2,438 sqft (226.5 sqm): a three-bedroom hotel apartment on the 27th floor of a 51-storey tower completed in 2019.

What is unit 2704 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 2704, The Address Residence Sky View 2

Starts from the last sale price (AED 4.7M, 21 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 4,700,000
Deposit, UAE resident (20%)
AED 940,000
Deposit, non-resident (40%)
AED 1,880,000
Monthly over 25 years at 3.7%
AED 19,229

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