3-bed · 2,021 sqftThe Address Residence Sky View 2, Downtown Dubai · 28th floor · completed 2019

2806, The Address Residence Sky View 2

Sold prices and rental history: sold twice, last in December 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2806 · DLD and Ejari recordsUpdated 8 December 2022
Last soldAED 7.15M8 December 2022
Current rentAED 400K /yr1 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2806, The Address Residence Sky View 2

What is 2806 worth today?

Last sold for AED 7,150,000 in 2022

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8 Dec 2022SoldReady
AED 7,150,000AED 3,537 per sqft
1 Dec 2021RentedNew contract
AED 400,000/yr12 months · AED 198 per sqft
21 Jul 2020RentedNew contract · flagged as an outlier
AED 50,000/yr12 months · AED 25 per sqft
10 Dec 2013Sold by developerOff-plan
AED 5,347,888AED 2,645 per sqft

Source: Dubai Land Department. Updated 8 December 2022.

Key facts

Type
3-bed hotel apartment
Size
2,021 sqft
Floor
28th of 51
Parking
B2-35, B2-34
Developer
Emaar
Completed
2019
Last sold
AED 7.15M · December 2022

About 2806, The Address Residence Sky View 2

2806 is a three-bedroom hotel apartment of 2,021 sqft on the 28th 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 December 2022 for AED 7,150,000, or AED 3,537 per sqft, 15% above the AED 3,076 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 December 2021, is AED 400,000 a year: a gross yield of 5.6% on the 2022 price.

Sales and rents for 2806 over time

Sales
Unit 2806, 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, December 2013: AED 5,347,888 (AED 2,645 per sqft)Sold, December 2022: AED 7,150,000 (AED 3,537 per sqft)

2806 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2806, 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 509,998New contract, December 2021: AED 400,000 a year

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 2806 sits

All 92 3-beds →

2806 last sold in December 2022 at AED 3,537 per sqft, 15% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,076). 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. 2806's AED 400,000 is at the bottom of that range.

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
28012-bedAED 3.58M · Dec 2013
28023-bedAED 7.55M · Dec 2022
28032-bedAED 4.48M · Nov 2016
28043-bedAED 5M · Nov 2015
28052-bedAED 3.5M · Dec 2020
28071-bedAED 3.8M · Oct 2024

2806, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 10 December 2013 for AED 5,347,888, last on 8 December 2022 for AED 7,150,000 (AED 3,537 per sqft).
  • Rented since July 2020 on 2 Ejari contracts, from AED 50,000 to AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2022 price is 5.6%.
  • 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 8 December 2022.

Questions about 2806, The Address Residence Sky View 2

What did unit 2806 last sell for?

AED 7,150,000 on 8 December 2022: AED 3,537 per sqft for 2,021 sqft. The unit has 2 registered sales; the first was AED 5,347,888 in December 2013.

What is the rent for unit 2806?

AED 400,000 a year on the contract signed on 1 December 2021. The previous contract, from July 2020, was AED 50,000.

How big is unit 2806?

2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 28th floor of a 51-storey tower completed in 2019.

What is unit 2806 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 2806, The Address Residence Sky View 2

Starts from the last sale price (AED 7.15M, 8 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 7,150,000
Deposit, UAE resident (20%)
AED 1,430,000
Deposit, non-resident (40%)
AED 2,860,000
Monthly over 25 years at 3.7%
AED 29,253

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