1-bed · 1,051 sqftThe Address Residence Sky View 2, Downtown Dubai · 34th floor · completed 2019

3407, The Address Residence Sky View 2

Sold prices and rental history: sold 3 times, last in June 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3407 · DLD and Ejari recordsUpdated 2 June 2021
Last soldAED 2.2M2 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3407, The Address Residence Sky View 2

What is 3407 worth today?

Last sold for AED 2,200,000 in 2021

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2 Jun 2021SoldReady
AED 2,200,000AED 2,092 per sqft
30 Nov 2016SoldOff-plan
AED 2,365,682AED 2,249 per sqft
3 Dec 2013Sold by developerOff-plan
AED 2,395,888AED 2,278 per sqft

Source: Dubai Land Department. Updated 2 June 2021.

Key facts

Type
1-bed hotel apartment
Size
1,051 sqft
Floor
34th of 51
Parking
B1-40
Developer
Emaar
Completed
2019
Last sold
AED 2.2M · June 2021

About 3407, The Address Residence Sky View 2

3407 is a one-bedroom hotel apartment of 1,051 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 2 June 2021 for AED 2,200,000, or AED 2,092 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3407 over time

Sales
Unit 3407, each saleTypical one-bed in The Address Residence Sky View 2
2.5M3M2013201620192022Typical 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, December 2013: AED 2,395,888 (AED 2,278 per sqft)Sold, November 2016: AED 2,365,682 (AED 2,249 per sqft)Sold, June 2021: AED 2,200,000 (AED 2,092 per sqft)

3407 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3407, 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 200,000

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 3407 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.

Recent 1-bed salesUnit no.Price (AED)Summary
21 May 20264,000,000
28 Oct 20243,800,000
28 Aug 20243,700,000
19 Jun 20233,100,000
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
34012-bedAED 3.62M · Dec 2013
34023-bedAED 8.4M · May 2025
34032-bedAED 6.5M · Apr 2023
34043-bedAED 6.03M · Dec 2013
34052-bedAED 4.4M · Dec 2013
34063-bedAED 5.41M · Dec 2021

3407, The Address Residence Sky View 2 in numbers

  • Sold 3 times: first on 3 December 2013 for AED 2,395,888, last on 2 June 2021 for AED 2,200,000 (AED 2,092 per sqft).
  • 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 2 June 2021.

Questions about 3407, The Address Residence Sky View 2

What did unit 3407 last sell for?

AED 2,200,000 on 2 June 2021: AED 2,092 per sqft for 1,051 sqft. The unit has 3 registered sales; the first was AED 2,395,888 in December 2013.

How big is unit 3407?

1,051 sqft (97.6 sqm): a one-bedroom hotel apartment on the 34th floor of a 51-storey tower completed in 2019.

What is unit 3407 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 3407, The Address Residence Sky View 2

Starts from the last sale price (AED 2.2M, 2 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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