3-bed · 2,021 sqftThe Address Residence Sky View 2, Downtown Dubai · 35th floor · completed 2019

3502, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in December 2013, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3502 · DLD and Ejari recordsUpdated 12 February 2025
Last soldAED 5.42M3 December 2013
Current rentAED 600K /yr12 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3502, The Address Residence Sky View 2

What is 3502 worth today?

Last sold for AED 5,418,888 in 2013

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12 Feb 2025RentedNew contract
AED 600,000/yr12 months · AED 296 per sqft
12 Feb 2025RentedNew contract
AED 600,000/yr12 months · AED 296 per sqft
1 Aug 2022RentedNew contract
AED 460,000/yr12 months · AED 228 per sqft
3 Dec 2013Sold by developerOff-plan
AED 5,418,888AED 2,680 per sqft

Source: Dubai Land Department. Updated 12 February 2025.

Key facts

Type
3-bed hotel apartment
Size
2,021 sqft
Floor
35th of 51
Parking
B2-288, B2-285
Developer
Emaar
Completed
2019
Last sold
AED 5.42M · December 2013

About 3502, The Address Residence Sky View 2

3502 is a three-bedroom hotel apartment of 2,021 sqft on the 35th 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 5,418,888, or AED 2,680 per sqft, 3% above the AED 2,601 three-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 12 February 2025, is AED 600,000 a year: a gross yield of 11.1% on the 2013 price.

Sales and rents for 3502 over time

Sales
Unit 3502, 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, December 2013: AED 5,418,888 (AED 2,680 per sqft)

3502 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3502, 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, August 2022: AED 460,000 a yearNew contract, February 2025: AED 600,000 a yearNew contract, February 2025: AED 600,000 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 3502 sits

All 92 3-beds →

3502 last sold in December 2013 at AED 2,680 per sqft, 3% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,601). 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. 3502's AED 600,000 is at the top 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
35012-bedAED 5.05M · Mar 2024
35032-bedAED 4.63M · Sep 2013
35043-bedAED 10.5M · May 2023
35052-bedAED 4.41M · Dec 2013
35063-bedAED 8.8M · Oct 2023
35071-bedAED 3.02M · Oct 2014

3502, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 3 December 2013 for AED 5,418,888, or AED 2,680 per sqft.
  • Rented since August 2022 on 3 Ejari contracts, from AED 460,000 to AED 600,000 a year.
  • At AED 600,000 a year the gross yield on the 2013 price is 11.1%.
  • 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 12 February 2025.

Questions about 3502, The Address Residence Sky View 2

What did unit 3502 last sell for?

AED 5,418,888 on 3 December 2013, sold by the developer: AED 2,680 per sqft for 2,021 sqft. It is the only registered sale of the unit.

What is the rent for unit 3502?

AED 600,000 a year on the contract signed on 12 February 2025. The previous contract, from February 2025, was AED 600,000; the unit has been rented since August 2022.

How big is unit 3502?

2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 35th floor of a 51-storey tower completed in 2019.

What is unit 3502 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 3502, The Address Residence Sky View 2

Starts from the last sale price (AED 5.42M, 3 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,418,888
Deposit, UAE resident (20%)
AED 1,083,778
Deposit, non-resident (40%)
AED 2,167,555
Monthly over 25 years at 3.7%
AED 22,170

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