2407, The Address Residence Sky View 1
Sold prices and rental history: sold twice, last in February 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2407, The Address Residence Sky View 1
What is 2407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 22 November 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,543 sqft
- Floor
- 24th of 58
- Parking
- B3-246
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 2.9M · February 2021
- Building
- The Address Residence Sky View 1
About 2407, The Address Residence Sky View 1
2407 is a two-bedroom hotel apartment of 1,543 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 28 February 2021 for AED 2,900,000, or AED 1,878 per sqft, 4% above the AED 1,807 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 22 November 2024, is AED 310,000 a year: a gross yield of 10.7% on the 2021 price.
Sales and rents for 2407 over time
2407 has sold twice; the dashed line is the two-bed median of each year in the building.
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 2407 sits
All 153 2-beds →2407 last sold in February 2021 at AED 1,878 per sqft, 4% above what two-beds in The Address Residence Sky View 1 were fetching at the time (AED 1,807). 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. 2407's AED 310,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 1,518 sqft | 5,500,000 | 3,622 | ||
| 9 Feb 20269 February 2026 | 1,699 sqft | 7,620,000 | 4,484 | ||
| 22 Jan 202622 January 2026 | 1,519 sqft | 5,700,000 | 3,752 | ||
| 22 Jan 202622 January 2026 | 1,699 sqft | 6,850,000 | 4,032 |
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 | |
| 2406 | 3-bed | 2,019 sqft | AED 5.38MAED 5,382,665 · Aug 2013August 2013 | 450,000 /yr |
2407, The Address Residence Sky View 1 in numbers
- Sold twice: first on 2 December 2013 for AED 3,510,888, last on 28 February 2021 for AED 2,900,000 (AED 1,878 per sqft).
- Rented since June 2021 on 3 Ejari contracts, from AED 225,000 to AED 310,000 a year.
- At AED 310,000 a year the gross yield on the 2021 price is 10.7%.
- 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 22 November 2024.
Questions about 2407, The Address Residence Sky View 1
What did unit 2407 last sell for?
AED 2,900,000 on 28 February 2021: AED 1,878 per sqft for 1,543 sqft. The unit has 2 registered sales; the first was AED 3,510,888 in December 2013.
What is the rent for unit 2407?
AED 310,000 a year on the contract signed on 22 November 2024. The previous contract, from June 2022, was AED 225,000; the unit has been rented since June 2021.
How big is unit 2407?
1,543 sqft (143.3 sqm): a two-bedroom hotel apartment on the 24th floor of a 58-storey tower completed in 2019.
What is unit 2407 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 2407, The Address Residence Sky View 1
Starts from the last sale price (AED 2.9M, 28 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →