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2-bed · 849 sqftThe Address Residence Sky View 1, Downtown Dubai · 22nd floor · completed 2019

2203, The Address Residence Sky View 1

Sold prices and rental history: sold 3 times, last in August 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 23 August 2021
Last soldAED 4.3M23 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2203, The Address Residence Sky View 1

What is 2203 worth today?

Last sold for AED 4,300,000 in 2021

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23 Aug 2021SoldReady
AED 4,300,000AED 2,530 per sqft
6 Aug 2020SoldReady
AED 2,950,000AED 1,736 per sqft
6 Oct 2013Sold by developerOff-plan
AED 4,265,888AED 2,510 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 August 2021.

Key facts

Type
2-bed hotel apartment
Size
849 sqft
Floor
22nd of 58
Parking
B3-271
Developer
Emaar
Completed
2019
Last sold
AED 4.3M · August 2021
Building
The Address Residence Sky View 1

About 2203, The Address Residence Sky View 1

2203 is a two-bedroom hotel apartment of 849 sqft on the 22nd floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 23 August 2021 for AED 4,300,000, or AED 2,530 per sqft, 31% above the AED 1,935 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2203 over time

Sales
Unit 2203, each saleTypical two-bed in The Address Residence Sky View 1
4M6M2013201720212025Typical sale price by year: 2013 AED 4,054,888; 2014 AED 4,564,500; 2015 AED 4,175,699; 2016 AED 3,943,344; 2017 AED 3,532,444; 2018 AED 3,558,888; 2019 AED 3,500,000; 2020 AED 2,737,500; 2021 AED 3,287,500; 2022 AED 4,600,000; 2023 AED 5,850,000; 2024 AED 6,550,000; 2025 AED 4,900,000; 2026 AED 6,500,000Sold by developer, October 2013: AED 4,265,888 (AED 2,510 per sqft)Sold, August 2020: AED 2,950,000 (AED 1,736 per sqft)Sold, August 2021: AED 4,300,000 (AED 2,530 per sqft)

2203 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2203, each contractTypical two-bed in The Address Residence Sky View 1
200K300K2020202220242026Typical rent by year: 2020 AED 160,000; 2021 AED 212,500; 2022 AED 300,000; 2023 AED 345,000; 2024 AED 361,500; 2025 AED 320,000; 2026 AED 242,350

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Address Residence Sky View 1, and where 2203 sits

All 153 2-beds →

2203 last sold in August 2021 at AED 2,530 per sqft, 31% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,935). Over the last 12 months two-beds sold for AED 4,850,000 to 7,620,000, around AED 3,789 per sqft, and rent for AED 209,700 to 450,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Feb 20265,500,000
9 Feb 20267,620,000
22 Jan 20265,700,000
22 Jan 20266,850,000
6 2-bed sales in the last 12 months

The Address Residence Sky View 1

Building

326 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2019 by Emaar. 13 sold in the last 12 months.

Typical price per sqft
AED 3,826 Up 0.9%
Typical sale
AED 6.85M
Typical rent
AED 275K /yr
Typical yield
5.4%
The Address Residence Sky View 1, Downtown Dubai: prices, sales and rents →

Other units on the 22nd floor

All 326 units in The Address Residence Sky View 1
Value
22012-bedAED 3.1M · Dec 2013
2202AED 4.2M · Nov 2020
22043-bedAED 6.16M · Dec 2015
22052-bedAED 4.56M · Feb 2014
22063-bedAED 7.83M · Aug 2024
22072-bedAED 2.45M · Nov 2020

2203, The Address Residence Sky View 1 in numbers

  • Sold 3 times: first on 6 October 2013 for AED 4,265,888, last on 23 August 2021 for AED 4,300,000 (AED 2,530 per sqft).
  • Two-beds in The Address Residence Sky View 1 sold for AED 4,850,000–7,620,000 in the 12 months to November 2026; the building's median across all types is AED 3,826 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 23 August 2021.

Questions about 2203, The Address Residence Sky View 1

What did unit 2203 last sell for?

AED 4,300,000 on 23 August 2021: AED 2,530 per sqft for 849 sqft. The unit has 3 registered sales; the first was AED 4,265,888 in October 2013.

How big is unit 2203?

849 sqft (78.9 sqm): a two-bedroom hotel apartment on the 22nd floor of a 58-storey tower completed in 2019.

What is unit 2203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Address Residence Sky View 1 sold for AED 4,850,000 to 7,620,000 in the last 12 months, around AED 3,789 per sqft.

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Mortgage on 2203, The Address Residence Sky View 1

Starts from the last sale price (AED 4.3M, 23 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

Plus AED 185,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →