3-bed · 2,000 sqftThe Address Residence Sky View 2, Downtown Dubai · 31st floor · completed 2019

3102, The Address Residence Sky View 2

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

Unit 3102 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 5.59M21 April 2015
Current rentAED 570K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3102, The Address Residence Sky View 2

What is 3102 worth today?

Last sold for AED 5,594,044 in 2015

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1 Feb 2024RentedNew contract
AED 570,000/yr12 months · AED 283 per sqft
16 Sep 2023RentedRenewal
AED 485,950/yr12 months · AED 241 per sqft
16 Sep 2022RentedNew contract
AED 450,000/yr12 months · AED 222 per sqft
2 Sep 2021RentedNew contract
AED 380,000/yr12 months · AED 188 per sqft
15 Aug 2020RentedNew contract
AED 180,000/yr12 months · AED 89 per sqft
21 Apr 2015SoldOff-plan
AED 5,594,044AED 2,797 per sqft
2 Dec 2013Sold by developerOff-plan
AED 5,378,888AED 2,661 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2024.

Key facts

Type
3-bed hotel apartment
Size
2,000 sqft
Floor
31st of 51
Parking
B1-220, B1-211, B1-212
Developer
Emaar
Completed
2019
Last sold
AED 5.59M · April 2015

About 3102, The Address Residence Sky View 2

3102 is a three-bedroom hotel apartment of 2,000 sqft on the 31st floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 21 April 2015 for AED 5,594,044, or AED 2,797 per sqft, in line with the AED 2,820 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 1 February 2024, is AED 570,000 a year: a gross yield of 10.2% on the 2015 price.

Sales and rents for 3102 over time

Sales
Unit 3102, each saleTypical three-bed in The Address Residence Sky View 2
5M10M2013201720212025Typical sale price by year: 2013 AED 5,478,888; 2014 AED 6,639,896; 2015 AED 6,002,388; 2016 AED 6,045,888; 2017 AED 6,071,888; 2018 AED 5,140,944; 2019 AED 5,781,888; 2020 AED 4,700,000; 2021 AED 6,300,000; 2022 AED 6,700,000; 2023 AED 8,500,000; 2024 AED 9,900,000; 2025 AED 11,350,000Sold by developer, December 2013: AED 5,378,888 (AED 2,661 per sqft)Sold, April 2015: AED 5,594,044 (AED 2,797 per sqft)

3102 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3102, each contractTypical three-bed in The Address Residence Sky View 2
200K400K600K2020202220242026Typical rent by year: 2020 AED 240,000; 2021 AED 380,000; 2022 AED 450,000; 2023 AED 528,000; 2024 AED 520,000; 2025 AED 545,000New contract, August 2020: AED 180,000 a yearNew contract, September 2021: AED 380,000 a yearNew contract, September 2022: AED 450,000 a yearRenewal, September 2023: AED 485,950 a yearNew contract, February 2024: AED 570,000 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 2, and where 3102 sits

All 87 3-beds →

3102 last sold in April 2015 at AED 2,797 per sqft, in line with what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,820). Over the last 12 months three-beds sold for AED 12,000,000, around AED 4,935 per sqft.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Dec 202512,000,000
24 Jul 202511,800,000
8 May 20258,400,000
1 May 202512,500,000
1 3-bed sale 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 →
Value
31012-bedAED 5.1M · Nov 2024
31032-bedAED 5M · Mar 2022
31043-bedAED 5.75M · Nov 2022
31052-bedAED 6.2M · Feb 2023
31063-bedAED 6.2M · Mar 2022
31071-bedAED 2.95M · Nov 2022

3102, The Address Residence Sky View 2 in numbers

  • Sold twice: first on 2 December 2013 for AED 5,378,888, last on 21 April 2015 for AED 5,594,044 (AED 2,797 per sqft).
  • Rented since August 2020 on 5 Ejari contracts, from AED 180,000 to AED 570,000 a year.
  • At AED 570,000 a year the gross yield on the 2015 price is 10.2%.
  • 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 1 February 2024.

Questions about 3102, The Address Residence Sky View 2

What did unit 3102 last sell for?

AED 5,594,044 on 21 April 2015: AED 2,797 per sqft for 2,000 sqft. The unit has 2 registered sales; the first was AED 5,378,888 in December 2013.

What is the rent for unit 3102?

AED 570,000 a year on the contract signed on 1 February 2024. The previous contract, from September 2023, was AED 485,950; the unit has been rented since August 2020.

How big is unit 3102?

2,000 sqft (185.8 sqm): a three-bedroom hotel apartment on the 31st floor of a 51-storey tower completed in 2019.

What is unit 3102 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 3102, The Address Residence Sky View 2

Starts from the last sale price (AED 5.59M, 21 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,594,044
Deposit, UAE resident (20%)
AED 1,118,809
Deposit, non-resident (40%)
AED 2,237,618
Monthly over 25 years at 3.7%
AED 22,887

Plus AED 239,960 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →