3-bed · 2,021 sqftThe Address Residence Sky View 2, Downtown Dubai · 36th floor · completed 2019

3602, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in December 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3602 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 5.43M2 December 2013
Current rentAED 275K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3602, The Address Residence Sky View 2

What is 3602 worth today?

Last sold for AED 5,428,888 in 2013

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1 Apr 2024RentedNew contract
AED 275,000/yr12 months · AED 136 per sqft
1 Apr 2023RentedNew contract
AED 275,000/yr12 months · AED 136 per sqft
1 Apr 2022RentedNew contract
AED 275,000/yr12 months · AED 136 per sqft
1 Apr 2021RentedNew contract
AED 275,000/yr12 months · AED 136 per sqft
29 Aug 2020RentedNew contract
AED 240,000/yr12 months · AED 119 per sqft
2 Dec 2013Sold by developerOff-plan
AED 5,428,888AED 2,685 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
3-bed hotel apartment
Size
2,021 sqft
Floor
36th of 51
Parking
B1-61, B1-239, B1-240
Developer
Emaar
Completed
2019
Last sold
AED 5.43M · December 2013

About 3602, The Address Residence Sky View 2

3602 is a three-bedroom hotel apartment of 2,021 sqft on the 36th 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 2 December 2013 for AED 5,428,888, or AED 2,685 per sqft, 5% above the AED 2,562 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 April 2024, is AED 275,000 a year: a gross yield of 5.1% on the 2013 price.

Sales and rents for 3602 over time

Sales
Unit 3602, 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 5,428,888 (AED 2,685 per sqft)

3602 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3602, 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 2020: AED 240,000 a yearNew contract, April 2021: AED 275,000 a yearNew contract, April 2022: AED 275,000 a yearNew contract, April 2023: AED 275,000 a yearNew contract, April 2024: AED 275,000 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 3602 sits

All 92 3-beds →

3602 last sold in December 2013 at AED 2,685 per sqft, 5% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,562). 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. 3602's AED 275,000 is at the bottom 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
36012-bedAED 5.1M · May 2025
36032-bedAED 5.34M · Nov 2022
36043-bedAED 6.05M · Dec 2013
36052-bedAED 7.9M · Apr 2025
36063-bedAED 5.43M · Dec 2013
36071-bedAED 2.71M · Aug 2017

3602, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 2 December 2013 for AED 5,428,888, or AED 2,685 per sqft.
  • Rented since August 2020 on 5 Ejari contracts, from AED 240,000 to AED 275,000 a year.
  • At AED 275,000 a year the gross yield on the 2013 price is 5.1%.
  • 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 1 April 2024.

Questions about 3602, The Address Residence Sky View 2

What did unit 3602 last sell for?

AED 5,428,888 on 2 December 2013, sold by the developer: AED 2,685 per sqft for 2,021 sqft. It is the only registered sale of the unit.

What is the rent for unit 3602?

AED 275,000 a year on the contract signed on 1 April 2024. The previous contract, from April 2023, was AED 275,000; the unit has been rented since August 2020.

How big is unit 3602?

2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 36th floor of a 51-storey tower completed in 2019.

What is unit 3602 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 3602, The Address Residence Sky View 2

Starts from the last sale price (AED 5.43M, 2 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,428,888
Deposit, UAE resident (20%)
AED 1,085,778
Deposit, non-resident (40%)
AED 2,171,555
Monthly over 25 years at 3.7%
AED 22,211

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