2402, The Address Residence Sky View 2
Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2402, The Address Residence Sky View 2
What is 2402 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 March 2025.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,000 sqft
- Floor
- 24th of 51
- Parking
- B3-85, B3-365, B3-366
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 5.98M · April 2016
- Building
- The Address Residence Sky View 2
About 2402, The Address Residence Sky View 2
2402 is a three-bedroom hotel apartment of 2,000 sqft on the 24th 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 27 April 2016 for AED 5,980,888, or AED 2,990 per sqft, in line with the AED 3,001 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 13 March 2025, is AED 530,000 a year: a gross yield of 8.9% on the 2016 price.
Sales and rents for 2402 over time
2402 has sold once; 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 2, and where 2402 sits
All 87 3-beds →2402 last sold in April 2016 at AED 2,990 per sqft, in line with what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 3,001). Over the last 12 months three-beds sold for AED 12,000,000, around AED 4,935 per sqft.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Dec 202522 December 2025 | 2,432 sqft | 12,000,000 | 4,935 | ||
| 24 Jul 202524 July 2025 | 2,021 sqft | 11,800,000 | 5,837 | ||
| 8 May 20258 May 2025 | 2,021 sqft | 8,400,000 | 4,155 | ||
| 1 May 20251 May 2025 | 2,438 sqft | 12,500,000 | 5,127 |
The Address Residence Sky View 2
Building216 apartments, 1-bed to 5-bed over 51 floors in Downtown Dubai, completed in 2019 by Emaar. 4 sold in the last 12 months.
- Typical price per sqft
- AED 4,585
- Typical sale
- AED 9.6M
- Typical rent
- AED 315K /yr
- Typical yield
- 4.5%
Other units on the 24th floor
All 216 units in The Address Residence Sky View 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,542 sqft | AED 4.35MAED 4,350,000 · May 2023May 2023 | 210,000 /yr | |
| 2403 | 2-bed | 1,699 sqft | AED 5.2MAED 5,200,000 · Nov 2021November 2021 | 380,000 /yr | |
| 2404 | 3-bed | 2,438 sqft | AED 5.93MAED 5,931,888 · Dec 2013December 2013 | 570,000 /yr | |
| 2405 | 2-bed | 1,673 sqft | AED 3MAED 3,000,000 · Oct 2018October 2018 | 490,000 /yr | |
| 2406 | 3-bed | 1,999 sqft | AED 5.98MAED 5,979,888 · Jan 2018January 2018 | 480,000 /yr | |
| 2407 | 1-bed | 1,051 sqft | AED 2.65MAED 2,650,000 · Jul 2022July 2022 | 250,696 /yr |
2402, The Address Residence Sky View 2 in numbers
- Sold once: by Emaar on 27 April 2016 for AED 5,980,888, or AED 2,990 per sqft.
- Rented since March 2021 on 5 Ejari contracts, from AED 290,000 to AED 530,000 a year.
- At AED 530,000 a year the gross yield on the 2016 price is 8.9%.
- Three-beds in The Address Residence Sky View 2 sold for AED 12,000,000–12,000,000 in the 12 months to November 2026; the building's median across all types is AED 4,585 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 13 March 2025.
Questions about 2402, The Address Residence Sky View 2
What did unit 2402 last sell for?
AED 5,980,888 on 27 April 2016, sold by the developer: AED 2,990 per sqft for 2,000 sqft. It is the only registered sale of the unit.
What is the rent for unit 2402?
AED 530,000 a year on the contract renewed on 13 March 2025. The previous contract, from March 2024, was AED 490,000; the unit has been rented since March 2021.
How big is unit 2402?
2,000 sqft (185.8 sqm): a three-bedroom hotel apartment on the 24th floor of a 51-storey tower completed in 2019.
What is unit 2402 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 12,000,000 to 12,000,000 in the last 12 months, around AED 4,935 per sqft.
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Mortgage on 2402, The Address Residence Sky View 2
Starts from the last sale price (AED 5.98M, 27 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 5,980,888
- Deposit, UAE resident (20%)
- AED 1,196,178
- Deposit, non-resident (40%)
- AED 2,392,355
- Monthly over 25 years at 3.7%
- AED 24,470
Plus AED 256,208 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →