3-bed · 2,021 sqftThe Address Residence Sky View 2, Downtown Dubai · 29th floor · completed 2019

2906, The Address Residence Sky View 2

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

Unit 2906 · DLD and Ejari recordsUpdated 10 October 2022
Last soldAED 6.04M17 June 2020
Current rentAED 450K /yr10 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2906, The Address Residence Sky View 2

What is 2906 worth today?

Last sold for AED 6,041,888 in 2020

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10 Oct 2022RentedNew contract
AED 450,000/yr12 months · AED 222 per sqft
15 Dec 2021RentedRenewal
AED 400,000/yr12 months · AED 198 per sqft
15 Dec 2020RentedNew contract
AED 260,000/yr12 months · AED 128 per sqft
17 Jun 2020Sold by developerReady
AED 6,041,888AED 2,989 per sqft

Source: Dubai Land Department. Updated 10 October 2022.

Key facts

Type
3-bed hotel apartment
Size
2,021 sqft
Floor
29th of 51
Parking
B2-37, B2-36
Developer
Emaar
Completed
2019
Last sold
AED 6.04M · June 2020

About 2906, The Address Residence Sky View 2

2906 is a three-bedroom hotel apartment of 2,021 sqft on the 29th 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 17 June 2020 for AED 6,041,888, or AED 2,989 per sqft, 12% above the AED 2,661 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 10 October 2022, is AED 450,000 a year: a gross yield of 7.4% on the 2020 price.

Sales and rents for 2906 over time

Sales
Unit 2906, 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, June 2020: AED 6,041,888 (AED 2,989 per sqft)

2906 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2906, 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 2020: AED 260,000 a yearRenewal, December 2021: AED 400,000 a yearNew contract, October 2022: AED 450,000 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 2906 sits

All 92 3-beds →

2906 last sold in June 2020 at AED 2,989 per sqft, 12% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,661). 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. 2906's AED 450,000 is in the lower half 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
29012-bedAED 5.2M · Mar 2026
29023-bedAED 7.05M · Aug 2022
29032-bedAED 5.4M · Sep 2022
29043-bedAED 4.5M · Mar 2018
29052-bedAED 6.5M · Jan 2023

2906, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 17 June 2020 for AED 6,041,888, or AED 2,989 per sqft.
  • Rented since December 2020 on 3 Ejari contracts, from AED 260,000 to AED 450,000 a year.
  • At AED 450,000 a year the gross yield on the 2020 price is 7.4%.
  • 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 10 October 2022.

Questions about 2906, The Address Residence Sky View 2

What did unit 2906 last sell for?

AED 6,041,888 on 17 June 2020, sold by the developer: AED 2,989 per sqft for 2,021 sqft. It is the only registered sale of the unit.

What is the rent for unit 2906?

AED 450,000 a year on the contract signed on 10 October 2022. The previous contract, from December 2021, was AED 400,000; the unit has been rented since December 2020.

How big is unit 2906?

2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 29th floor of a 51-storey tower completed in 2019.

What is unit 2906 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 2906, The Address Residence Sky View 2

Starts from the last sale price (AED 6.04M, 17 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 6,041,888
Deposit, UAE resident (20%)
AED 1,208,378
Deposit, non-resident (40%)
AED 2,416,755
Monthly over 25 years at 3.7%
AED 24,719

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