3-bed · 2,288 sqftThe Address Residence Sky View 1, Downtown Dubai · 22nd floor · completed 2019

2204, The Address Residence Sky View 1

Sold prices and rental history: sold once, by the developer in December 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2204 · DLD and Ejari recordsUpdated 22 September 2023
Last soldAED 6.16M9 December 2015
Current rentAED 530K /yr22 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2204, The Address Residence Sky View 1

What is 2204 worth today?

Last sold for AED 6,156,888 in 2015

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22 Sep 2023RentedRenewal
AED 530,000/yr8 months · AED 218 per sqft
22 Sep 2022RentedNew contract
AED 530,000/yr12 months · AED 218 per sqft
27 Mar 2022RentedNew contract
AED 530,000/yr12 months · AED 218 per sqft
7 Sep 2020RentedNew contract
AED 270,000/yr12 months · AED 111 per sqft
9 Dec 2015Sold by developerOff-plan
AED 6,156,888AED 2,690 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 September 2023.

Key facts

Type
3-bed hotel apartment
Size
2,288 sqft
Floor
22nd of 58
Parking
B2-147, B2-146
Developer
Emaar
Completed
2019
Last sold
AED 6.16M · December 2015

About 2204, The Address Residence Sky View 1

2204 is a three-bedroom hotel apartment of 2,288 sqft on the 22nd floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. The developer sold it on 9 December 2015 for AED 6,156,888, or AED 2,690 per sqft, 5% below the AED 2,819 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 22 September 2023, is AED 530,000 a year: a gross yield of 8.6% on the 2015 price.

Sales and rents for 2204 over time

Sales
Unit 2204, each saleTypical three-bed in The Address Residence Sky View 1
4M6M8M2013201720212025Typical sale price by year: 2013 AED 5,360,888; 2014 AED 5,981,677; 2015 AED 6,181,388; 2016 AED 6,421,888; 2017 AED 4,827,533; 2018 AED 6,394,559; 2019 AED 6,121,888; 2020 AED 4,350,000; 2021 AED 5,875,000; 2022 AED 6,225,000; 2023 AED 7,350,000; 2024 AED 8,425,000; 2025 AED 8,300,000Sold by developer, December 2015: AED 6,156,888 (AED 2,690 per sqft)

2204 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2204, each contractTypical three-bed in The Address Residence Sky View 1
200K400K2020202220242026Typical rent by year: 2020 AED 235,000; 2021 AED 290,000; 2022 AED 450,000; 2023 AED 527,500; 2024 AED 538,216; 2025 AED 540,000New contract, September 2020: AED 270,000 a yearNew contract, March 2022: AED 530,000 a yearNew contract, September 2022: AED 530,000 a yearRenewal, September 2023: AED 530,000 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 1, and where 2204 sits

All 107 3-beds →

2204 last sold in December 2015 at AED 2,690 per sqft, 5% below what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,819). Over the last 12 months three-beds sold for AED 8,599,992 to 12,800,000, around AED 4,284 per sqft, and rent for AED 580,000 to 600,000 a year. 2204's AED 530,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Jan 202612,800,000
15 Jan 20268,700,000
31 Jul 20258,000,000
9 May 20258,000,000
4 3-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 →
Value
22012-bedAED 3.1M · Dec 2013
2202AED 4.2M · Nov 2020
22032-bedAED 4.3M · Aug 2021
22052-bedAED 4.56M · Feb 2014
22063-bedAED 7.83M · Aug 2024
22072-bedAED 2.45M · Nov 2020

2204, The Address Residence Sky View 1 in numbers

  • Sold once: by Emaar on 9 December 2015 for AED 6,156,888, or AED 2,690 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 270,000 to AED 530,000 a year.
  • At AED 530,000 a year the gross yield on the 2015 price is 8.6%.
  • Three-beds in The Address Residence Sky View 1 sold for AED 8,599,992–12,800,000 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 22 September 2023.

Questions about 2204, The Address Residence Sky View 1

What did unit 2204 last sell for?

AED 6,156,888 on 9 December 2015, sold by the developer: AED 2,690 per sqft for 2,288 sqft. It is the only registered sale of the unit.

What is the rent for unit 2204?

AED 530,000 a year on the contract renewed on 22 September 2023. The previous contract, from September 2022, was AED 530,000; the unit has been rented since September 2020.

How big is unit 2204?

2,288 sqft (212.6 sqm): a three-bedroom hotel apartment on the 22nd floor of a 58-storey tower completed in 2019.

What is unit 2204 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 1 sold for AED 8,599,992 to 12,800,000 in the last 12 months, around AED 4,284 per sqft.

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Mortgage on 2204, The Address Residence Sky View 1

Starts from the last sale price (AED 6.16M, 9 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 6,156,888
Deposit, UAE resident (20%)
AED 1,231,378
Deposit, non-resident (40%)
AED 2,462,755
Monthly over 25 years at 3.7%
AED 25,190

Plus AED 263,600 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →