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2-bed · 1,699 sqftThe Address Residence Sky View 2, Downtown Dubai · 27th floor · completed 2019

2703, The Address Residence Sky View 2

Sold prices and rental history: sold twice, last in January 2022, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2703 · DLD and Ejari recordsUpdated 25 July 2024
Last soldAED 4.9M25 January 2022
Current rentAED 420K /yr25 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2703, The Address Residence Sky View 2

What is 2703 worth today?

Last sold for AED 4,900,000 in 2022

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25 Jul 2024RentedNew contract
AED 420,000/yr12 months · AED 247 per sqft
25 Jan 2022SoldReady
AED 4,900,000AED 2,883 per sqft
14 Jun 2020Sold by developerReady
AED 4,894,888AED 2,880 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2024.

Key facts

Type
2-bed hotel apartment
Size
1,699 sqft
Floor
27th of 51
Parking
B3-294
Developer
Emaar
Completed
2019
Last sold
AED 4.9M · January 2022
Building
The Address Residence Sky View 2

About 2703, The Address Residence Sky View 2

2703 is a two-bedroom hotel apartment of 1,699 sqft on the 27th floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 25 January 2022 for AED 4,900,000, or AED 2,883 per sqft, 7% above the AED 2,705 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 July 2024. The current contract, signed on 25 July 2024, is AED 420,000 a year: a gross yield of 8.6% on the 2022 price.

Sales and rents for 2703 over time

Sales
Unit 2703, each saleTypical two-bed in The Address Residence Sky View 2
4M6M2013201720212025Typical sale price by year: 2013 AED 4,326,888; 2014 AED 4,783,850; 2015 AED 4,754,833; 2016 AED 4,149,995; 2018 AED 3,752,444; 2019 AED 4,930,888; 2020 AED 2,900,000; 2021 AED 4,500,000; 2022 AED 5,167,500; 2023 AED 6,000,000; 2024 AED 5,200,000; 2025 AED 6,425,000Sold by developer, June 2020: AED 4,894,888 (AED 2,880 per sqft)Sold, January 2022: AED 4,900,000 (AED 2,883 per sqft)

2703 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2703, each contractTypical two-bed in The Address Residence Sky View 2
200K400K2020202220242026Typical rent by year: 2020 AED 180,000; 2021 AED 247,500; 2022 AED 340,000; 2023 AED 400,000; 2024 AED 400,000; 2025 AED 410,000New contract, July 2024: AED 420,000 a year

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 2, and where 2703 sits

All 77 2-beds →

2703 last sold in January 2022 at AED 2,883 per sqft, 7% above what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,705). Over the last 12 months two-beds sold for AED 5,600,000 to 7,200,000, around AED 3,932 per sqft, and rent for AED 251,788 to 420,000 a year. 2703's AED 420,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jan 20267,200,000
21 May 20255,100,000
28 Apr 20257,900,000
6 Mar 20257,750,000
2 2-bed sales in the last 12 months

The Address Residence Sky View 2

Building

216 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%
The Address Residence Sky View 2, Downtown Dubai: prices, sales and rents →

Other units on the 27th floor

All 216 units in The Address Residence Sky View 2
Value
27012-bedAED 3.58M · Jun 2015
27023-bedAED 5.34M · May 2020
27043-bedAED 4.7M · Jan 2020
27052-bedAED 4.26M · Aug 2017
27063-bedAED 4.05M · Feb 2018
27071-bedAED 2.18M · Feb 2018

2703, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 14 June 2020 for AED 4,894,888, last on 25 January 2022 for AED 4,900,000 (AED 2,883 per sqft).
  • Rented since July 2024 on one Ejari contract, at AED 420,000 a year.
  • At AED 420,000 a year the gross yield on the 2022 price is 8.6%.
  • Two-beds in The Address Residence Sky View 2 sold for AED 5,600,000–7,200,000 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 25 July 2024.

Questions about 2703, The Address Residence Sky View 2

What did unit 2703 last sell for?

AED 4,900,000 on 25 January 2022: AED 2,883 per sqft for 1,699 sqft. The unit has 2 registered sales; the first was AED 4,894,888 in June 2020.

What is the rent for unit 2703?

AED 420,000 a year on the contract signed on 25 July 2024.

How big is unit 2703?

1,699 sqft (157.8 sqm): a two-bedroom hotel apartment on the 27th floor of a 51-storey tower completed in 2019.

What is unit 2703 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 2 sold for AED 5,600,000 to 7,200,000 in the last 12 months, around AED 3,932 per sqft.

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Mortgage on 2703, The Address Residence Sky View 2

Starts from the last sale price (AED 4.9M, 25 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,900,000
Deposit, UAE resident (20%)
AED 980,000
Deposit, non-resident (40%)
AED 1,960,000
Monthly over 25 years at 3.7%
AED 20,047

Plus AED 210,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →