4502, The Address Residence Sky View 2
Sold prices and rental history: sold 4 times, last in April 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4502, The Address Residence Sky View 2
What is 4502 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 5-bed hotel apartment
- Size
- 3,130 sqft
- Floor
- 45th of 51
- Parking
- B2-76, B2-310, B2-311
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 13.6M · April 2023
- Building
- The Address Residence Sky View 2
About 4502, The Address Residence Sky View 2
4502 is a five-bedroom hotel apartment of 3,130 sqft on the 45th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 11 April 2023 for AED 13,600,000, or AED 4,345 per sqft, 15% above the AED 3,770 five-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 1,126,286 a year: a gross yield of 8.3% on the 2023 price.
Sales and rents for 4502 over time
4502 has sold 4 times; the dashed line is the five-bed median of each year in the building.
5-beds in The Address Residence Sky View 2, and where 4502 sits
All 5 5-beds →4502 last sold in April 2023 at AED 4,345 per sqft, 15% above what five-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,770).
| Recent 5-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Apr 202310 April 2023 | 3,130 sqft | 13,800,000 | 4,409 | ||
| 31 Jan 202331 January 2023 | 3,130 sqft | 8,000,000 | 2,556 | ||
| 28 Jul 202228 July 2022 | 3,130 sqft | 10,000,000 | 3,195 | ||
| 28 Jul 202228 July 2022 | 3,130 sqft | 11,300,000 | 3,610 |
The Address Residence Sky View 2
Building216 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%
Other units on the 45th floor
All 216 units in The Address Residence Sky View 24502, The Address Residence Sky View 2 in numbers
- Sold 4 times: first on 6 September 2017 for AED 9,478,888, last on 11 April 2023 for AED 13,600,000 (AED 4,345 per sqft).
- Rented since September 2023 on 2 Ejari contracts, from AED 1,100,000 to AED 1,126,286 a year.
- At AED 1,126,286 a year the gross yield on the 2023 price is 8.3%.
Source: Dubai Land Department. Updated 1 September 2024.
Questions about 4502, The Address Residence Sky View 2
What did unit 4502 last sell for?
AED 13,600,000 on 11 April 2023: AED 4,345 per sqft for 3,130 sqft. The unit has 4 registered sales; the first was AED 9,478,888 in September 2017.
What is the rent for unit 4502?
AED 1,126,286 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 1,100,000.
How big is unit 4502?
3,130 sqft (290.8 sqm): a five-bedroom hotel apartment on the 45th floor of a 51-storey tower completed in 2019.
What is unit 4502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 4502, The Address Residence Sky View 2
Starts from the last sale price (AED 13.6M, 11 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 13,600,000
- Deposit, UAE resident (20%)
- AED 2,720,000
- Deposit, non-resident (40%)
- AED 5,440,000
- Monthly over 25 years at 3.7%
- AED 55,642
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →