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3-bed · 2,021 sqftThe Address Residence Sky View 2, Downtown Dubai · 39th floor · completed 2019

3902, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in December 2013, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3902 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 5.46M12 December 2013
Current rentAED 525K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3902, The Address Residence Sky View 2

What is 3902 worth today?

Last sold for AED 5,458,888 in 2013

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1 Nov 2022RentedNew contract
AED 525,000/yr12 months · AED 261 per sqft
12 Dec 2013Sold by developerOff-plan
AED 5,458,888AED 2,700 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
3-bed hotel apartment
Size
2,021 sqft
Floor
39th of 51
Parking
B3-256, B3-254, B3-255
Developer
Emaar
Completed
2019
Last sold
AED 5.46M · December 2013
Building
The Address Residence Sky View 2

About 3902, The Address Residence Sky View 2

3902 is a three-bedroom hotel apartment of 2,021 sqft on the 39th 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 12 December 2013 for AED 5,458,888, or AED 2,700 per sqft, 3% above the AED 2,609 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2022. The current contract, signed on 1 November 2022, is AED 525,000 a year: a gross yield of 9.6% on the 2013 price.

Sales and rents for 3902 over time

Sales
Unit 3902, 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 5,458,888 (AED 2,700 per sqft)

3902 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3902, 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, November 2022: AED 525,000 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 3902 sits

All 92 3-beds →

3902 last sold in December 2013 at AED 2,700 per sqft, 3% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,609). 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. 3902's AED 525,000 is in the upper half 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 →

Other units on the 39th floor

All 216 units in The Address Residence Sky View 2
Value
39012-bedAED 3.65M · Dec 2013
39032-bedAED 4.44M · Dec 2013
39043-bedAED 6.08M · Jan 2014
39052-bedAED 4.6M · Dec 2021
39063-bedAED 8.5M · Jun 2023
39071-bedAED 2.2M · Nov 2021

3902, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 12 December 2013 for AED 5,458,888, or AED 2,700 per sqft.
  • Rented since November 2022 on one Ejari contract, at AED 525,000 a year.
  • At AED 525,000 a year the gross yield on the 2013 price is 9.6%.
  • 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 November 2022.

Questions about 3902, The Address Residence Sky View 2

What did unit 3902 last sell for?

AED 5,458,888 on 12 December 2013, sold by the developer: AED 2,700 per sqft for 2,021 sqft. It is the only registered sale of the unit.

What is the rent for unit 3902?

AED 525,000 a year on the contract signed on 1 November 2022.

How big is unit 3902?

2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 39th floor of a 51-storey tower completed in 2019.

What is unit 3902 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 3902, The Address Residence Sky View 2

Starts from the last sale price (AED 5.46M, 12 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,458,888
Deposit, UAE resident (20%)
AED 1,091,778
Deposit, non-resident (40%)
AED 2,183,555
Monthly over 25 years at 3.7%
AED 22,334

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