2-bed · 1,700 sqftThe Address Residence Sky View 2, Downtown Dubai · 37th floor · completed 2019

3705, The Address Residence Sky View 2

Sold prices and rental history: sold twice, last in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3705 · DLD and Ejari recordsUpdated 15 December 2022
Last soldAED 6.1M15 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3705, The Address Residence Sky View 2

What is 3705 worth today?

Last sold for AED 6,100,000 in 2022

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15 Dec 2022SoldReady
AED 6,100,000AED 3,587 per sqft
28 Nov 2013Sold by developerOff-plan
AED 4,422,888AED 2,601 per sqft

Source: Dubai Land Department. Updated 15 December 2022.

Key facts

Type
2-bed hotel apartment
Size
1,700 sqft
Floor
37th of 51
Parking
B3-37
Developer
Emaar
Completed
2019
Last sold
AED 6.1M · December 2022

About 3705, The Address Residence Sky View 2

3705 is a two-bedroom hotel apartment of 1,700 sqft on the 37th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 15 December 2022 for AED 6,100,000, or AED 3,587 per sqft, 14% above the AED 3,139 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3705 over time

Sales
Unit 3705, 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, November 2013: AED 4,422,888 (AED 2,601 per sqft)Sold, December 2022: AED 6,100,000 (AED 3,587 per sqft)

3705 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3705, 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 330,000

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 3705 sits

All 82 2-beds →

3705 last sold in December 2022 at AED 3,587 per sqft, 14% above what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,139). 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.

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
37012-bedAED 4.53M · May 2023
37023-bedAED 5.44M · Dec 2013
37032-bedAED 4.42M · Nov 2013
37043-bedAED 6.67M · Jan 2014
37063-bedAED 7.17M · Feb 2023
37071-bedAED 3.27M · Feb 2023

3705, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 28 November 2013 for AED 4,422,888, last on 15 December 2022 for AED 6,100,000 (AED 3,587 per sqft).
  • 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 15 December 2022.

Questions about 3705, The Address Residence Sky View 2

What did unit 3705 last sell for?

AED 6,100,000 on 15 December 2022: AED 3,587 per sqft for 1,700 sqft. The unit has 2 registered sales; the first was AED 4,422,888 in November 2013.

How big is unit 3705?

1,700 sqft (157.9 sqm): a two-bedroom hotel apartment on the 37th floor of a 51-storey tower completed in 2019.

What is unit 3705 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 3705, The Address Residence Sky View 2

Starts from the last sale price (AED 6.1M, 15 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,100,000
Deposit, UAE resident (20%)
AED 1,220,000
Deposit, non-resident (40%)
AED 2,440,000
Monthly over 25 years at 3.7%
AED 24,957

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