2-bed · 1,699 sqftThe Address Residence Sky View 2, Downtown Dubai · 34th floor · completed 2019

3403, The Address Residence Sky View 2

Sold prices and rental history: sold 5 times, last in April 2023, and rented once, from November 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3403 · DLD and Ejari recordsUpdated 17 April 2023
Last soldAED 6.5M17 April 2023
Current rentAED 200K /yr12 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3403, The Address Residence Sky View 2

What is 3403 worth today?

Last sold for AED 6,500,000 in 2023

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17 Apr 2023SoldReady
AED 6,500,000AED 3,824 per sqft
8 Jul 2021SoldReady
AED 4,500,000AED 2,647 per sqft
12 Nov 2020RentedNew contract
AED 200,000/yr12 months · AED 118 per sqft
28 Jan 2019SoldOff-plan
AED 3,300,000AED 1,972 per sqft
9 Jan 2014SoldOff-plan
AED 4,662,821AED 2,743 per sqft
3 Dec 2013Sold by developerOff-plan
AED 4,398,888AED 2,588 per sqft

Source: Dubai Land Department. Updated 17 April 2023.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
34th of 51
Parking
B3-275
Developer
Emaar
Completed
2019
Last sold
AED 6.5M · April 2023

About 3403, The Address Residence Sky View 2

3403 is a two-bedroom hotel apartment of 1,699 sqft on the 34th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 17 April 2023 for AED 6,500,000, or AED 3,824 per sqft, 18% above the AED 3,236 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 November 2020. The current contract, signed on 12 November 2020, is AED 200,000 a year: a gross yield of 3.1% on the 2023 price.

Sales and rents for 3403 over time

Sales
Unit 3403, 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 4,398,888 (AED 2,588 per sqft)Sold, January 2014: AED 4,662,821 (AED 2,743 per sqft)Sold, January 2019: AED 3,300,000 (AED 1,972 per sqft)Sold, July 2021: AED 4,500,000 (AED 2,647 per sqft)Sold, April 2023: AED 6,500,000 (AED 3,824 per sqft)

3403 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3403, 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 200,000 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 3403 sits

All 82 2-beds →

3403 last sold in April 2023 at AED 3,824 per sqft, 18% above what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,236). 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. 3403's AED 200,000 is at the bottom 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
34012-bedAED 3.62M · Dec 2013
34023-bedAED 8.4M · May 2025
34043-bedAED 6.03M · Dec 2013
34052-bedAED 4.4M · Dec 2013
34063-bedAED 5.41M · Dec 2021
34071-bedAED 2.2M · Jun 2021

3403, The Address Residence Sky View 2 in numbers

  • Sold 5 times: first on 3 December 2013 for AED 4,398,888, last on 17 April 2023 for AED 6,500,000 (AED 3,824 per sqft).
  • Rented since November 2020 on one Ejari contract, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2023 price is 3.1%.
  • 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 17 April 2023.

Questions about 3403, The Address Residence Sky View 2

What did unit 3403 last sell for?

AED 6,500,000 on 17 April 2023: AED 3,824 per sqft for 1,699 sqft. The unit has 5 registered sales; the first was AED 4,398,888 in December 2013.

What is the rent for unit 3403?

AED 200,000 a year on the contract signed on 12 November 2020.

How big is unit 3403?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 34th floor of a 51-storey tower completed in 2019.

What is unit 3403 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 3403, The Address Residence Sky View 2

Starts from the last sale price (AED 6.5M, 17 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

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