2-bed · 1,542 sqftThe Address Residence Sky View 2, Downtown Dubai · 28th floor · completed 2019

2801, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2801 · DLD and Ejari recordsUpdated 3 December 2024
Last soldAED 3.58M10 December 2013
Current rentAED 437K /yr3 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2801, The Address Residence Sky View 2

What is 2801 worth today?

Last sold for AED 3,583,888 in 2013

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3 Dec 2024RentedRenewal
AED 437,143/yr7 months · AED 284 per sqft
3 Dec 2023RentedRenewal
AED 380,000/yr12 months · AED 247 per sqft
3 Dec 2022RentedNew contract
AED 360,000/yr12 months · AED 234 per sqft
12 Nov 2021RentedNew contract
AED 250,000/yr12 months · AED 162 per sqft
3 Nov 2020RentedNew contract
AED 150,000/yr12 months · AED 97 per sqft
10 Dec 2013Sold by developerOff-plan
AED 3,583,888AED 2,323 per sqft

Source: Dubai Land Department. Updated 3 December 2024.

Key facts

Type
2-bed hotel apartment
Size
1,542 sqft
Floor
28th of 51
Parking
B3-54
Developer
Emaar
Completed
2019
Last sold
AED 3.58M · December 2013

About 2801, The Address Residence Sky View 2

2801 is a two-bedroom hotel apartment of 1,542 sqft on the 28th 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 3,583,888, or AED 2,323 per sqft, 9% below the AED 2,541 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 3 December 2024, is AED 437,143 a year: a gross yield of 12.2% on the 2013 price.

Sales and rents for 2801 over time

Sales
Unit 2801, each saleTypical two-bed in The Address Residence Sky View 2
4M6M2013201720212025Typical sale price by year: 2013 AED 4,326,888; 2014 AED 4,783,850; 2015 AED 4,802,888; 2016 AED 4,149,995; 2018 AED 3,752,444; 2019 AED 4,930,888; 2020 AED 2,900,000; 2021 AED 4,450,000; 2022 AED 5,167,500; 2023 AED 5,950,000; 2024 AED 5,150,000; 2025 AED 5,600,000; 2026 AED 5,200,000Sold by developer, December 2013: AED 3,583,888 (AED 2,323 per sqft)

2801 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2801, each contractTypical two-bed in The Address Residence Sky View 2
200K400K2020202220242026Typical rent by year: 2020 AED 180,000; 2021 AED 245,000; 2022 AED 325,000; 2023 AED 400,000; 2024 AED 400,000; 2025 AED 415,000; 2026 AED 330,000New contract, November 2020: AED 150,000 a yearNew contract, November 2021: AED 250,000 a yearNew contract, December 2022: AED 360,000 a yearRenewal, December 2023: AED 380,000 a yearRenewal, December 2024: AED 437,143 a year

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 2801 sits

All 82 2-beds →

2801 last sold in December 2013 at AED 2,323 per sqft, 9% below what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,541). 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. 2801's AED 437,143 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20264,400,000
25 Mar 20265,200,000
23 Jan 20267,200,000
25 Nov 20255,600,000
4 2-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
28023-bedAED 7.55M · Dec 2022
28032-bedAED 4.48M · Nov 2016
28043-bedAED 5M · Nov 2015
28052-bedAED 3.5M · Dec 2020
28063-bedAED 7.15M · Dec 2022
28071-bedAED 3.8M · Oct 2024

2801, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 10 December 2013 for AED 3,583,888, or AED 2,323 per sqft.
  • Rented since November 2020 on 5 Ejari contracts, from AED 150,000 to AED 437,143 a year.
  • At AED 437,143 a year the gross yield on the 2013 price is 12.2%.
  • 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 3 December 2024.

Questions about 2801, The Address Residence Sky View 2

What did unit 2801 last sell for?

AED 3,583,888 on 10 December 2013, sold by the developer: AED 2,323 per sqft for 1,542 sqft. It is the only registered sale of the unit.

What is the rent for unit 2801?

AED 437,143 a year on the contract renewed on 3 December 2024. The previous contract, from December 2023, was AED 380,000; the unit has been rented since November 2020.

How big is unit 2801?

1,542 sqft (143.3 sqm): a two-bedroom hotel apartment on the 28th floor of a 51-storey tower completed in 2019.

What is unit 2801 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 2801, The Address Residence Sky View 2

Starts from the last sale price (AED 3.58M, 10 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,583,888
Deposit, UAE resident (20%)
AED 716,778
Deposit, non-resident (40%)
AED 1,433,555
Monthly over 25 years at 3.7%
AED 14,663

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