2406, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in August 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2406, The Address Residence Sky View 1
What is 2406 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 May 2025.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,019 sqft
- Floor
- 24th of 58
- Parking
- B2-116, B2-115
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 5.38M · August 2013
- Building
- The Address Residence Sky View 1
About 2406, The Address Residence Sky View 1
2406 is a three-bedroom hotel apartment of 2,019 sqft on the 24th floor of The Address Residence Sky View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 4 August 2013 for AED 5,382,665, or AED 2,666 per sqft, 4% above the AED 2,568 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 25 May 2025, is AED 450,000 a year: a gross yield of 8.4% on the 2013 price.
Sales and rents for 2406 over time
2406 has sold twice; the dashed line is the three-bed median of each year in the building.
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 2406 sits
All 107 3-beds →2406 last sold in August 2013 at AED 2,666 per sqft, 4% above what three-beds in The Address Residence Sky View 1 were fetching at the time (AED 2,568). 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. 2406's AED 450,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 2,428 sqft | 12,800,000 | 5,272 | ||
| 15 Jan 202615 January 2026 | 2,019 sqft | 8,700,000 | 4,309 | ||
| 31 Jul 202531 July 2025 | 2,019 sqft | 8,000,000 | 3,962 | ||
| 9 May 20259 May 2025 | 2,020 sqft | 8,000,000 | 3,960 |
The Address Residence Sky View 1
Building326 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%
Other units on the 24th floor
All 326 units in The Address Residence Sky View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,329 sqft | AED 3.11MAED 3,107,888 · Dec 2013December 2013 | 414,578 /yr | |
| 2402 | 3-bed | 2,020 sqft | AED 9.5MAED 9,500,000 · Nov 2023November 2023 | 830,000 /yr | |
| 2403 | 2-bed | 1,699 sqft | AED 6.3MAED 6,300,000 · Nov 2023November 2023 | 242,000 /yr | |
| 2404 | 3-bed | 2,288 sqft | AED 7.28MAED 7,276,110 · Jun 2015June 2015 | ||
| 2405 | 2-bed | 1,699 sqft | AED 6.5MAED 6,500,000 · Jan 2026January 2026 | 420,000 /yr | |
| 2407 | 2-bed | 1,543 sqft | AED 2.9MAED 2,900,000 · Feb 2021February 2021 | 310,000 /yr |
2406, The Address Residence Sky View 1 in numbers
- Sold twice: first on 14 July 2013 for AED 5,225,888, last on 4 August 2013 for AED 5,382,665 (AED 2,666 per sqft).
- Rented since July 2020 on 5 Ejari contracts, from AED 180,000 to AED 450,000 a year.
- At AED 450,000 a year the gross yield on the 2013 price is 8.4%.
- 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 25 May 2025.
Questions about 2406, The Address Residence Sky View 1
What did unit 2406 last sell for?
AED 5,382,665 on 4 August 2013: AED 2,666 per sqft for 2,019 sqft. The unit has 2 registered sales; the first was AED 5,225,888 in July 2013.
What is the rent for unit 2406?
AED 450,000 a year on the contract signed on 25 May 2025. The previous contract, from March 2024, was AED 480,000; the unit has been rented since July 2020.
How big is unit 2406?
2,019 sqft (187.6 sqm): a three-bedroom hotel apartment on the 24th floor of a 58-storey tower completed in 2019.
What is unit 2406 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 2406, The Address Residence Sky View 1
Starts from the last sale price (AED 5.38M, 4 August 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 5,382,665
- Deposit, UAE resident (20%)
- AED 1,076,533
- Deposit, non-resident (40%)
- AED 2,153,066
- Monthly over 25 years at 3.7%
- AED 22,022
Plus AED 231,082 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →