3-bed · 2,432 sqftThe Address Residence Sky View 2, Downtown Dubai · 47th floor · completed 2019

4703, The Address Residence Sky View 2

Sold prices and rental history: sold once, by the developer in September 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4703 · DLD and Ejari recordsUpdated 21 October 2026
Last soldAED 7.24M24 September 2017
Current rentAED 550K /yr21 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4703, The Address Residence Sky View 2

What is 4703 worth today?

Last sold for AED 7,236,888 in 2017

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21 Oct 2026RentedNew contract
AED 550,000/yr12 months · AED 226 per sqft
29 Aug 2024RentedNew contract
AED 650,000/yr12 months · AED 267 per sqft
1 Jul 2023RentedRenewal
AED 500,000/yr12 months · AED 206 per sqft
1 Jul 2022RentedNew contract
AED 450,000/yr12 months · AED 185 per sqft
15 Mar 2021RentedNew contract
AED 400,000/yr12 months · AED 164 per sqft
24 Sep 2017Sold by developerOff-plan
AED 7,236,888AED 2,976 per sqft

Source: Dubai Land Department. Updated 21 October 2026.

Key facts

Type
3-bed hotel apartment
Size
2,432 sqft
Floor
47th of 51
Parking
B2-52, B2-290, B2-291
Developer
Emaar
Completed
2019
Last sold
AED 7.24M · September 2017

About 4703, The Address Residence Sky View 2

4703 is a three-bedroom hotel apartment of 2,432 sqft on the 47th 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 24 September 2017 for AED 7,236,888, or AED 2,976 per sqft, 13% above the AED 2,623 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 21 October 2026, is AED 550,000 a year: a gross yield of 7.6% on the 2017 price.

Sales and rents for 4703 over time

Sales
Unit 4703, 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, September 2017: AED 7,236,888 (AED 2,976 per sqft)

4703 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4703, 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, March 2021: AED 400,000 a yearNew contract, July 2022: AED 450,000 a yearRenewal, July 2023: AED 500,000 a yearNew contract, August 2024: AED 650,000 a yearNew contract, October 2026: AED 550,000 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 4703 sits

All 92 3-beds →

4703 last sold in September 2017 at AED 2,976 per sqft, 13% above what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,623). 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. 4703's AED 550,000 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 →
Value
47013-bedAED 5.91M · Jun 2020
47025-bedAED 13.8M · Apr 2023
47044-bedAED 12.5M · Apr 2025
47054-bedAED 6.65M · May 2022

4703, The Address Residence Sky View 2 in numbers

  • Sold once: by Emaar on 24 September 2017 for AED 7,236,888, or AED 2,976 per sqft.
  • Rented since March 2021 on 5 Ejari contracts, from AED 400,000 to AED 550,000 a year.
  • At AED 550,000 a year the gross yield on the 2017 price is 7.6%.
  • 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 21 October 2026.

Questions about 4703, The Address Residence Sky View 2

What did unit 4703 last sell for?

AED 7,236,888 on 24 September 2017, sold by the developer: AED 2,976 per sqft for 2,432 sqft. It is the only registered sale of the unit.

What is the rent for unit 4703?

AED 550,000 a year on the contract signed on 21 October 2026. The previous contract, from August 2024, was AED 650,000; the unit has been rented since March 2021.

How big is unit 4703?

2,432 sqft (225.9 sqm): a three-bedroom hotel apartment on the 47th floor of a 51-storey tower completed in 2019.

What is unit 4703 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 4703, The Address Residence Sky View 2

Starts from the last sale price (AED 7.24M, 24 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 7,236,888
Deposit, UAE resident (20%)
AED 1,447,378
Deposit, non-resident (40%)
AED 2,894,755
Monthly over 25 years at 3.7%
AED 29,608

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