2706, The Address Residence Sky View 2
Sold prices and rental history: sold twice, last in February 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2706, The Address Residence Sky View 2
What is 2706 worth today?
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Source: Dubai Land Department. Updated 15 June 2024.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,021 sqft
- Floor
- 27th of 51
- Parking
- B2-33, B2-32
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 4.05M · February 2018
- Building
- The Address Residence Sky View 2
About 2706, The Address Residence Sky View 2
2706 is a three-bedroom hotel apartment of 2,021 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 8 February 2018 for AED 4,050,000, or AED 2,025 per sqft, 29% below the AED 2,833 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 15 June 2024, is AED 450,000 a year: a gross yield of 11.1% on the 2018 price.
Sales and rents for 2706 over time
2706 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 2706 sits
All 92 3-beds →2706 last sold in February 2018 at AED 2,025 per sqft, 29% below what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,833). 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. 2706's AED 450,000 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 27th floor
All 216 units in The Address Residence Sky View 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2701 | 2-bed | 1,542 sqft | AED 3.58MAED 3,577,888 · Jun 2015June 2015 | 280,000 /yr | |
| 2702 | 3-bed | 2,021 sqft | AED 5.34MAED 5,338,888 · May 2020May 2020 | ||
| 2703 | 2-bed | 1,699 sqft | AED 4.9MAED 4,900,000 · Jan 2022January 2022 | 420,000 /yr | |
| 2704 | 3-bed | 2,438 sqft | AED 4.7MAED 4,700,000 · Jan 2020January 2020 | ||
| 2705 | 2-bed | 1,673 sqft | AED 4.26MAED 4,256,030 · Aug 2017August 2017 | 241,644 /yr | |
| 2707 | 1-bed | 1,051 sqft | AED 2.18MAED 2,184,897 · Feb 2018February 2018 | 200,000 /yr |
2706, The Address Residence Sky View 2 in numbers
- Sold twice: first on 10 December 2013 for AED 5,337,888, last on 8 February 2018 for AED 4,050,000 (AED 2,025 per sqft).
- Rented since November 2020 on 4 Ejari contracts, from AED 240,000 to AED 450,000 a year.
- At AED 450,000 a year the gross yield on the 2018 price is 11.1%.
- 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 15 June 2024.
Questions about 2706, The Address Residence Sky View 2
What did unit 2706 last sell for?
AED 4,050,000 on 8 February 2018: AED 2,025 per sqft for 2,021 sqft. The unit has 2 registered sales; the first was AED 5,337,888 in December 2013.
What is the rent for unit 2706?
AED 450,000 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 450,000; the unit has been rented since November 2020.
How big is unit 2706?
2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 27th floor of a 51-storey tower completed in 2019.
What is unit 2706 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 2706, The Address Residence Sky View 2
Starts from the last sale price (AED 4.05M, 8 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 4,050,000
- Deposit, UAE resident (20%)
- AED 810,000
- Deposit, non-resident (40%)
- AED 1,620,000
- Monthly over 25 years at 3.7%
- AED 16,570
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →