1-bed · 1,051 sqftThe Address Residence Sky View 2, Downtown Dubai · 38th floor · completed 2019

3807, The Address Residence Sky View 2

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

Unit 3807 · DLD and Ejari recordsUpdated 26 December 2022
Last soldAED 3.2M26 December 2022
Current rentAED 220K /yr9 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3807, The Address Residence Sky View 2

What is 3807 worth today?

Last sold for AED 3,200,000 in 2022

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26 Dec 2022SoldReady
AED 3,200,000AED 3,043 per sqft
9 Jun 2022RentedNew contract
AED 220,000/yr12 months · AED 209 per sqft
2 Dec 2013Sold by developerOff-plan
AED 2,407,888AED 2,290 per sqft

Source: Dubai Land Department. Updated 26 December 2022.

Key facts

Type
1-bed hotel apartment
Size
1,051 sqft
Floor
38th of 51
Parking
B1-45
Developer
Emaar
Completed
2019
Last sold
AED 3.2M · December 2022

About 3807, The Address Residence Sky View 2

3807 is a one-bedroom hotel apartment of 1,051 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 26 December 2022 for AED 3,200,000, or AED 3,043 per sqft, 8% above the AED 2,805 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 June 2022. The current contract, signed on 9 June 2022, is AED 220,000 a year: a gross yield of 6.9% on the 2022 price.

Sales and rents for 3807 over time

Sales
Unit 3807, each saleTypical one-bed in The Address Residence Sky View 2
2.5M3M2013201620192022Typical sale price by year: 2013 AED 2,385,388; 2014 AED 2,705,888; 2015 AED 2,658,388; 2021 AED 2,200,000; 2022 AED 2,950,000; 2023 AED 3,175,000Sold by developer, December 2013: AED 2,407,888 (AED 2,290 per sqft)Sold, December 2022: AED 3,200,000 (AED 3,043 per sqft)

3807 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3807, each contractTypical one-bed in The Address Residence Sky View 2
100K200K2020202220242026Typical rent by year: 2020 AED 120,000; 2021 AED 150,000; 2022 AED 200,000; 2023 AED 240,000; 2024 AED 245,000; 2025 AED 230,000; 2026 AED 200,000New contract, June 2022: AED 220,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Address Residence Sky View 2, and where 3807 sits

All 26 1-beds →

3807 last sold in December 2022 at AED 3,043 per sqft, 8% above what one-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,805). Over the last 12 months one-beds sold for AED 4,000,000, around AED 3,804 per sqft, and rent for AED 185,000 to 250,000 a year. 3807's AED 220,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 May 20264,000,000
28 Oct 20243,800,000
28 Aug 20243,700,000
19 Jun 20233,100,000
1 1-bed sale 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
38052-bedAED 6.6M · Aug 2022
38063-bedAED 5.45M · Jun 2016

3807, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 2 December 2013 for AED 2,407,888, last on 26 December 2022 for AED 3,200,000 (AED 3,043 per sqft).
  • Rented since June 2022 on one Ejari contract, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2022 price is 6.9%.
  • One-beds in The Address Residence Sky View 2 sold for AED 4,000,000–4,000,000 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 26 December 2022.

Questions about 3807, The Address Residence Sky View 2

What did unit 3807 last sell for?

AED 3,200,000 on 26 December 2022: AED 3,043 per sqft for 1,051 sqft. The unit has 2 registered sales; the first was AED 2,407,888 in December 2013.

What is the rent for unit 3807?

AED 220,000 a year on the contract signed on 9 June 2022.

How big is unit 3807?

1,051 sqft (97.6 sqm): a one-bedroom hotel apartment on the 38th floor of a 51-storey tower completed in 2019.

What is unit 3807 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address Residence Sky View 2 sold for AED 4,000,000 to 4,000,000 in the last 12 months, around AED 3,804 per sqft.

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Mortgage on 3807, The Address Residence Sky View 2

Starts from the last sale price (AED 3.2M, 26 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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