2-bed · 1,700 sqftThe Address Residence Sky View 2, Downtown Dubai · 38th floor · completed 2019

3805, The Address Residence Sky View 2

Sold prices and rental history: sold 3 times, last in August 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3805 · DLD and Ejari recordsUpdated 10 November 2024
Last soldAED 6.6M24 August 2022
Current rentAED 380K /yr10 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3805, The Address Residence Sky View 2

What is 3805 worth today?

Last sold for AED 6,600,000 in 2022

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10 Nov 2024RentedRenewal
AED 380,000/yr12 months · AED 225 per sqft
10 Nov 2023RentedRenewal
AED 380,000/yr12 months · AED 225 per sqft
10 Nov 2022RentedNew contract
AED 380,000/yr12 months · AED 225 per sqft
24 Aug 2022SoldReady
AED 6,600,000AED 3,881 per sqft
22 May 2014SoldOff-plan
AED 5,006,903AED 2,944 per sqft
2 Dec 2013Sold by developerOff-plan
AED 4,430,888AED 2,606 per sqft

Source: Dubai Land Department. Updated 10 November 2024.

Key facts

Type
2-bed hotel apartment
Size
1,700 sqft
Floor
38th of 51
Parking
B3-39
Developer
Emaar
Completed
2019
Last sold
AED 6.6M · August 2022

About 3805, The Address Residence Sky View 2

3805 is a two-bedroom hotel apartment of 1,700 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 24 August 2022 for AED 6,600,000, or AED 3,881 per sqft, 31% above the AED 2,965 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 10 November 2024, is AED 380,000 a year: a gross yield of 5.8% on the 2022 price.

Sales and rents for 3805 over time

Sales
Unit 3805, 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, December 2013: AED 4,430,888 (AED 2,606 per sqft)Sold, May 2014: AED 5,006,903 (AED 2,944 per sqft)Sold, August 2022: AED 6,600,000 (AED 3,881 per sqft)

3805 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3805, 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 330,000New contract, November 2022: AED 380,000 a yearRenewal, November 2023: AED 380,000 a yearRenewal, November 2024: AED 380,000 a year

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 3805 sits

All 82 2-beds →

3805 last sold in August 2022 at AED 3,881 per sqft, 31% above what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,965). 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. 3805's AED 380,000 is in the upper half of that range.

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
38012-bedAED 4.85M · Jan 2025
38023-bedAED 5.45M · Nov 2013
38032-bedAED 3.5M · Feb 2021
38043-bedAED 7.5M · Aug 2022
38063-bedAED 5.45M · Jun 2016
38071-bedAED 3.2M · Dec 2022

3805, The Address Residence Sky View 2 in numbers

  • Sold 3 times: first on 2 December 2013 for AED 4,430,888, last on 24 August 2022 for AED 6,600,000 (AED 3,881 per sqft).
  • Rented since November 2022 on 3 Ejari contracts, at AED 380,000 a year.
  • At AED 380,000 a year the gross yield on the 2022 price is 5.8%.
  • 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 10 November 2024.

Questions about 3805, The Address Residence Sky View 2

What did unit 3805 last sell for?

AED 6,600,000 on 24 August 2022: AED 3,881 per sqft for 1,700 sqft. The unit has 3 registered sales; the first was AED 4,430,888 in December 2013.

What is the rent for unit 3805?

AED 380,000 a year on the contract renewed on 10 November 2024. The previous contract, from November 2023, was AED 380,000; the unit has been rented since November 2022.

How big is unit 3805?

1,700 sqft (157.9 sqm): a two-bedroom hotel apartment on the 38th floor of a 51-storey tower completed in 2019.

What is unit 3805 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 3805, The Address Residence Sky View 2

Starts from the last sale price (AED 6.6M, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,600,000
Deposit, UAE resident (20%)
AED 1,320,000
Deposit, non-resident (40%)
AED 2,640,000
Monthly over 25 years at 3.7%
AED 27,003

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