1-bed · 1,051 sqftThe Address Residence Sky View 2, Downtown Dubai · 28th floor · completed 2019

2807, The Address Residence Sky View 2

Sold prices and rental history: sold 4 times, last in October 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2807 · DLD and Ejari recordsUpdated 28 October 2024
Last soldAED 3.8M28 October 2024
Current rentAED 250K /yr26 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2807, The Address Residence Sky View 2

What is 2807 worth today?

Last sold for AED 3,800,000 in 2024

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28 Oct 2024SoldReady
AED 3,800,000AED 3,614 per sqft
28 Aug 2024SoldReady
AED 3,700,000AED 3,519 per sqft
26 Aug 2023RentedNew contract
AED 250,000/yr12 months · AED 238 per sqft
28 Mar 2023RentedNew contract
AED 260,000/yr12 months · AED 247 per sqft
28 Mar 2022RentedNew contract
AED 200,000/yr12 months · AED 190 per sqft
27 Sep 2021RentedRenewal
AED 170,000/yr6 months · AED 162 per sqft
27 Mar 2021RentedNew contract
AED 170,000/yr6 months · AED 162 per sqft
26 Mar 2020RentedNew contract
AED 122,500/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 28 October 2024.

Key facts

Type
1-bed hotel apartment
Size
1,051 sqft
Floor
28th of 51
Parking
B3-82
Developer
Emaar
Completed
2019
Last sold
AED 3.8M · October 2024

About 2807, The Address Residence Sky View 2

2807 is a one-bedroom hotel apartment of 1,051 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 28 October 2024 for AED 3,800,000, or AED 3,614 per sqft.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 26 August 2023, is AED 250,000 a year: a gross yield of 6.6% on the 2024 price.

Sales and rents for 2807 over time

Sales
Unit 2807, each saleTypical one-bed in The Address Residence Sky View 2
2M3M4M2013201720212025Typical sale price by year: 2013 AED 2,385,388; 2014 AED 2,705,888; 2015 AED 2,658,388; 2021 AED 2,200,000; 2022 AED 2,950,000; 2023 AED 3,175,000Sold by developer, September 2013: AED 2,377,888 (AED 2,261 per sqft)Sold, October 2013: AED 2,377,888 (AED 2,261 per sqft)Sold, August 2024: AED 3,700,000 (AED 3,519 per sqft)Sold, October 2024: AED 3,800,000 (AED 3,614 per sqft)

2807 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2807, each contractTypical one-bed in The Address Residence Sky View 2
100K200K2020202220242026Typical rent by year: 2020 AED 120,000; 2021 AED 150,000; 2022 AED 200,000; 2023 AED 240,000; 2024 AED 245,000; 2025 AED 230,000; 2026 AED 200,000New contract, March 2020: AED 122,500 a yearNew contract, March 2021: AED 170,000 a yearRenewal, September 2021: AED 170,000 a yearNew contract, March 2022: AED 200,000 a yearNew contract, March 2023: AED 260,000 a yearNew contract, August 2023: AED 250,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Residence Sky View 2, and where 2807 sits

All 26 1-beds →

Over the last 12 months one-beds sold for AED 4,000,000, around AED 3,804 per sqft, and rent for AED 185,000 to 250,000 a year. 2807's AED 250,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 May 20264,000,000
19 Jun 20233,100,000
8 May 20233,250,000
19 Apr 20233,050,000
1 1-bed sale 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
28063-bedAED 7.15M · Dec 2022

2807, The Address Residence Sky View 2 in numbers

  • Sold 4 times: first on 30 September 2013 for AED 2,377,888, last on 28 October 2024 for AED 3,800,000 (AED 3,614 per sqft).
  • Rented since March 2020 on 6 Ejari contracts, from AED 122,500 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2024 price is 6.6%.
  • One-beds in The Address Residence Sky View 2 sold for AED 4,000,000–4,000,000 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 28 October 2024.

Questions about 2807, The Address Residence Sky View 2

What did unit 2807 last sell for?

AED 3,800,000 on 28 October 2024: AED 3,614 per sqft for 1,051 sqft. The unit has 4 registered sales; the first was AED 2,377,888 in September 2013.

What is the rent for unit 2807?

AED 250,000 a year on the contract signed on 26 August 2023. The previous contract, from March 2023, was AED 260,000; the unit has been rented since March 2020.

How big is unit 2807?

1,051 sqft (97.6 sqm): a one-bedroom hotel apartment on the 28th floor of a 51-storey tower completed in 2019.

What is unit 2807 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address Residence Sky View 2 sold for AED 4,000,000 to 4,000,000 in the last 12 months, around AED 3,804 per sqft.

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Mortgage on 2807, The Address Residence Sky View 2

Starts from the last sale price (AED 3.8M, 28 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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