3-bed · 2,438 sqftThe Address Residence Sky View 2, Downtown Dubai · 38th floor · completed 2019

3804, The Address Residence Sky View 2

Sold prices and rental history: sold 4 times, last in August 2022, and rented once, from September 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3804 · DLD and Ejari recordsUpdated 16 August 2022
Last soldAED 7.5M16 August 2022
Current rentAED 250K /yr18 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3804, The Address Residence Sky View 2

What is 3804 worth today?

Last sold for AED 7,500,000 in 2022

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16 Aug 2022SoldReady
AED 7,500,000AED 3,076 per sqft
9 Mar 2021SoldReady
AED 6,930,000AED 2,842 per sqft
18 Sep 2020RentedNew contract
AED 250,000/yr12 months · AED 103 per sqft
8 Jan 2017SoldOff-plan
AED 6,071,888AED 2,555 per sqft
2 Dec 2013Sold by developerOff-plan
AED 6,071,888AED 2,490 per sqft

Source: Dubai Land Department. Updated 16 August 2022.

Key facts

Type
3-bed hotel apartment
Size
2,438 sqft
Floor
38th of 51
Parking
B2-65, B2-66
Developer
Emaar
Completed
2019
Last sold
AED 7.5M · August 2022

About 3804, The Address Residence Sky View 2

3804 is a three-bedroom hotel apartment of 2,438 sqft on the 38th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 16 August 2022 for AED 7,500,000, or AED 3,076 per sqft, in line with the AED 3,067 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 18 September 2020. The current contract, signed on 18 September 2020, is AED 250,000 a year: a gross yield of 3.3% on the 2022 price.

Sales and rents for 3804 over time

Sales
Unit 3804, 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 6,071,888 (AED 2,490 per sqft)Sold, January 2017: AED 6,071,888 (AED 2,555 per sqft)Sold, March 2021: AED 6,930,000 (AED 2,842 per sqft)Sold, August 2022: AED 7,500,000 (AED 3,076 per sqft)

3804 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3804, 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, September 2020: AED 250,000 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 3804 sits

All 92 3-beds →

3804 last sold in August 2022 at AED 3,076 per sqft, in line with what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,067). 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. 3804's AED 250,000 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
38012-bedAED 4.85M · Jan 2025
38023-bedAED 5.45M · Nov 2013
38032-bedAED 3.5M · Feb 2021
38052-bedAED 6.6M · Aug 2022
38063-bedAED 5.45M · Jun 2016
38071-bedAED 3.2M · Dec 2022

3804, The Address Residence Sky View 2 in numbers

  • Sold 4 times: first on 2 December 2013 for AED 6,071,888, last on 16 August 2022 for AED 7,500,000 (AED 3,076 per sqft).
  • Rented since September 2020 on one Ejari contract, at AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2022 price is 3.3%.
  • 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 16 August 2022.

Questions about 3804, The Address Residence Sky View 2

What did unit 3804 last sell for?

AED 7,500,000 on 16 August 2022: AED 3,076 per sqft for 2,438 sqft. The unit has 4 registered sales; the first was AED 6,071,888 in December 2013.

What is the rent for unit 3804?

AED 250,000 a year on the contract signed on 18 September 2020.

How big is unit 3804?

2,438 sqft (226.5 sqm): a three-bedroom hotel apartment on the 38th floor of a 51-storey tower completed in 2019.

What is unit 3804 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 3804, The Address Residence Sky View 2

Starts from the last sale price (AED 7.5M, 16 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 7,500,000
Deposit, UAE resident (20%)
AED 1,500,000
Deposit, non-resident (40%)
AED 3,000,000
Monthly over 25 years at 3.7%
AED 30,685

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