3-bed · 2,438 sqftThe Address Residence Sky View 2, Downtown Dubai · 43rd floor · completed 2019

4304, The Address Residence Sky View 2

Sold prices and rental history: sold twice, last in December 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4304 · DLD and Ejari recordsUpdated 9 December 2022
Last soldAED 8M9 December 2022
Current rentAED 410K /yr13 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4304, The Address Residence Sky View 2

What is 4304 worth today?

Last sold for AED 8,000,000 in 2022

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9 Dec 2022SoldReady
AED 8,000,000AED 3,281 per sqft
13 Dec 2021RentedNew contract
AED 410,000/yr12 months · AED 169 per sqft
4 Nov 2020RentedNew contract
AED 260,000/yr12 months · AED 107 per sqft
6 Apr 2016Sold by developerOff-plan
AED 6,895,888AED 2,901 per sqft

Source: Dubai Land Department. Updated 9 December 2022.

Key facts

Type
3-bed hotel apartment
Size
2,438 sqft
Floor
43rd of 51
Parking
B1-67, B1-234, B1-235
Developer
Emaar
Completed
2019
Last sold
AED 8M · December 2022

About 4304, The Address Residence Sky View 2

4304 is a three-bedroom hotel apartment of 2,438 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 9 December 2022 for AED 8,000,000, or AED 3,281 per sqft, 5% above the AED 3,129 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 13 December 2021, is AED 410,000 a year: a gross yield of 5.1% on the 2022 price.

Sales and rents for 4304 over time

Sales
Unit 4304, 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, April 2016: AED 6,895,888 (AED 2,901 per sqft)Sold, December 2022: AED 8,000,000 (AED 3,281 per sqft)

4304 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4304, 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 2020: AED 260,000 a yearNew contract, December 2021: AED 410,000 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 4304 sits

All 92 3-beds →

4304 last sold in December 2022 at AED 3,281 per sqft, 5% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,129). 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. 4304's AED 410,000 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
43012-bedAED 4.4M · Oct 2026
43023-bedAED 7.7M · Dec 2022
43032-bedAED 8M · May 2024
43052-bedAED 4.47M · Dec 2013
43063-bedAED 9.9M · Sep 2024
43071-bedAED 2.42M · Dec 2013

4304, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 6 April 2016 for AED 6,895,888, last on 9 December 2022 for AED 8,000,000 (AED 3,281 per sqft).
  • Rented since November 2020 on 2 Ejari contracts, from AED 260,000 to AED 410,000 a year.
  • At AED 410,000 a year the gross yield on the 2022 price is 5.1%.
  • 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 9 December 2022.

Questions about 4304, The Address Residence Sky View 2

What did unit 4304 last sell for?

AED 8,000,000 on 9 December 2022: AED 3,281 per sqft for 2,438 sqft. The unit has 2 registered sales; the first was AED 6,895,888 in April 2016.

What is the rent for unit 4304?

AED 410,000 a year on the contract signed on 13 December 2021. The previous contract, from November 2020, was AED 260,000.

How big is unit 4304?

2,438 sqft (226.5 sqm): a three-bedroom hotel apartment on the 43rd floor of a 51-storey tower completed in 2019.

What is unit 4304 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 4304, The Address Residence Sky View 2

Starts from the last sale price (AED 8M, 9 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 8,000,000
Deposit, UAE resident (20%)
AED 1,600,000
Deposit, non-resident (40%)
AED 3,200,000
Monthly over 25 years at 3.7%
AED 32,730

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