3-bed · 2,021 sqftThe Address Residence Sky View 2, Downtown Dubai · 43rd floor · completed 2019

4302, The Address Residence Sky View 2

Sold prices and rental history: sold twice, last in December 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4302 · DLD and Ejari recordsUpdated 19 September 2024
Last soldAED 7.7M21 December 2022
Current rentAED 650K /yr19 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4302, The Address Residence Sky View 2

What is 4302 worth today?

Last sold for AED 7,700,000 in 2022

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19 Sep 2024RentedNew contract
AED 650,000/yr12 months · AED 322 per sqft
1 Jan 2023RentedNew contract
AED 650,000/yr24 months · AED 322 per sqft
21 Dec 2022SoldReady
AED 7,700,000AED 3,809 per sqft
2 Dec 2013Sold by developerOff-plan
AED 5,498,888AED 2,720 per sqft

Source: Dubai Land Department. Updated 19 September 2024.

Key facts

Type
3-bed hotel apartment
Size
2,021 sqft
Floor
43rd of 51
Parking
B2-262, B2-263
Developer
Emaar
Completed
2019
Last sold
AED 7.7M · December 2022

About 4302, The Address Residence Sky View 2

4302 is a three-bedroom hotel apartment of 2,021 sqft on the 43rd floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 21 December 2022 for AED 7,700,000, or AED 3,809 per sqft, 18% above the AED 3,215 three-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 19 September 2024, is AED 650,000 a year: a gross yield of 8.4% on the 2022 price.

Sales and rents for 4302 over time

Sales
Unit 4302, 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 5,498,888 (AED 2,720 per sqft)Sold, December 2022: AED 7,700,000 (AED 3,809 per sqft)

4302 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4302, 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, January 2023: AED 650,000 a yearNew contract, September 2024: AED 650,000 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 4302 sits

All 92 3-beds →

4302 last sold in December 2022 at AED 3,809 per sqft, 18% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,215). 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. 4302's AED 650,000 is at the top 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
43012-bedAED 4.4M · Oct 2026
43032-bedAED 8M · May 2024
43043-bedAED 8M · Dec 2022
43052-bedAED 4.47M · Dec 2013
43063-bedAED 9.9M · Sep 2024
43071-bedAED 2.42M · Dec 2013

4302, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 2 December 2013 for AED 5,498,888, last on 21 December 2022 for AED 7,700,000 (AED 3,809 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, at AED 650,000 a year.
  • At AED 650,000 a year the gross yield on the 2022 price is 8.4%.
  • 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 19 September 2024.

Questions about 4302, The Address Residence Sky View 2

What did unit 4302 last sell for?

AED 7,700,000 on 21 December 2022: AED 3,809 per sqft for 2,021 sqft. The unit has 2 registered sales; the first was AED 5,498,888 in December 2013.

What is the rent for unit 4302?

AED 650,000 a year on the contract signed on 19 September 2024. The previous contract, from January 2023, was AED 650,000.

How big is unit 4302?

2,021 sqft (187.8 sqm): a three-bedroom hotel apartment on the 43rd floor of a 51-storey tower completed in 2019.

What is unit 4302 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 4302, The Address Residence Sky View 2

Starts from the last sale price (AED 7.7M, 21 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 7,700,000
Deposit, UAE resident (20%)
AED 1,540,000
Deposit, non-resident (40%)
AED 3,080,000
Monthly over 25 years at 3.7%
AED 31,503

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