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2-bed · 1,700 sqftThe Address Residence Sky View 2, Downtown Dubai · 34th floor · completed 2019

3405, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in December 2013, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3405 · DLD and Ejari recordsUpdated 17 October 2021
Last soldAED 4.4M3 December 2013
Current rentAED 270K /yr17 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3405, The Address Residence Sky View 2

What is 3405 worth today?

Last sold for AED 4,398,888 in 2013

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17 Oct 2021RentedNew contract
AED 270,000/yr12 months · AED 159 per sqft
3 Dec 2013Sold by developerOff-plan
AED 4,398,888AED 2,587 per sqft

Source: Dubai Land Department. Updated 17 October 2021.

Key facts

Type
2-bed hotel apartment
Size
1,700 sqft
Floor
34th of 51
Parking
B3-301
Developer
Emaar
Completed
2019
Last sold
AED 4.4M · December 2013
Building
The Address Residence Sky View 2

About 3405, The Address Residence Sky View 2

3405 is a two-bedroom hotel apartment of 1,700 sqft on the 34th 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 3 December 2013 for AED 4,398,888, or AED 2,587 per sqft, in line with the AED 2,563 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 October 2021. The current contract, signed on 17 October 2021, is AED 270,000 a year: a gross yield of 6.1% on the 2013 price.

Sales and rents for 3405 over time

Sales
Unit 3405, 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 2,587 per sqft)

3405 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3405, 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, October 2021: AED 270,000 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 3405 sits

All 82 2-beds →

3405 last sold in December 2013 at AED 2,587 per sqft, in line with what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,563). 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. 3405's AED 270,000 is in the lower 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 →

Other units on the 34th floor

All 216 units in The Address Residence Sky View 2
Value
34012-bedAED 3.62M · Dec 2013
34023-bedAED 8.4M · May 2025
34032-bedAED 6.5M · Apr 2023
34043-bedAED 6.03M · Dec 2013
34063-bedAED 5.41M · Dec 2021
34071-bedAED 2.2M · Jun 2021

3405, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 3 December 2013 for AED 4,398,888, or AED 2,587 per sqft.
  • Rented since October 2021 on one Ejari contract, at AED 270,000 a year.
  • At AED 270,000 a year the gross yield on the 2013 price is 6.1%.
  • 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 October 2021.

Questions about 3405, The Address Residence Sky View 2

What did unit 3405 last sell for?

AED 4,398,888 on 3 December 2013, sold by the developer: AED 2,587 per sqft for 1,700 sqft. It is the only registered sale of the unit.

What is the rent for unit 3405?

AED 270,000 a year on the contract signed on 17 October 2021.

How big is unit 3405?

1,700 sqft (157.9 sqm): a two-bedroom hotel apartment on the 34th floor of a 51-storey tower completed in 2019.

What is unit 3405 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 3405, The Address Residence Sky View 2

Starts from the last sale price (AED 4.4M, 3 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,398,888
Deposit, UAE resident (20%)
AED 879,778
Deposit, non-resident (40%)
AED 1,759,555
Monthly over 25 years at 3.7%
AED 17,997

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