3-bed · 2,438 sqftThe Address Residence Sky View 2, Downtown Dubai · 32nd floor · completed 2019

3204, The Address Residence Sky View 2

Sold prices and rental history: sold 4 times, last in June 2020, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3204 · DLD and Ejari recordsUpdated 25 February 2025
Last soldAED 4M29 June 2020
Current rentAED 550K /yr25 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3204, The Address Residence Sky View 2

What is 3204 worth today?

Last sold for AED 4,000,000 in 2020

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25 Feb 2025RentedNew contract
AED 550,000/yr12 months · AED 226 per sqft
15 Aug 2023RentedNew contract
AED 620,000/yr12 months · AED 255 per sqft
29 Jun 2020SoldReady
AED 4,000,000AED 1,640 per sqft
23 Feb 2015SoldOff-plan
AED 6,500,000AED 2,666 per sqft
3 Oct 2013SoldOff-plan
AED 6,132,126AED 2,515 per sqft
30 Sep 2013Sold by developerOff-plan
AED 6,011,888AED 2,466 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 February 2025.

Key facts

Type
3-bed hotel apartment
Size
2,438 sqft
Floor
32nd of 51
Parking
B3-68, B3-326, B3-327
Developer
Emaar
Completed
2019
Last sold
AED 4M · June 2020

About 3204, The Address Residence Sky View 2

3204 is a three-bedroom hotel apartment of 2,438 sqft on the 32nd floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 29 June 2020 for AED 4,000,000, or AED 1,640 per sqft, 38% below the AED 2,661 three-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 25 February 2025, is AED 550,000 a year: a gross yield of 13.8% on the 2020 price.

Sales and rents for 3204 over time

Sales
Unit 3204, 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, September 2013: AED 6,011,888 (AED 2,466 per sqft)Sold, October 2013: AED 6,132,126 (AED 2,515 per sqft)Sold, February 2015: AED 6,500,000 (AED 2,666 per sqft)Sold, June 2020: AED 4,000,000 (AED 1,640 per sqft)

3204 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3204, 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 2023: AED 620,000 a yearNew contract, February 2025: AED 550,000 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 3204 sits

All 87 3-beds →

3204 last sold in June 2020 at AED 1,640 per sqft, 38% below what three-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,661). 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
3201AED 4.2M · Aug 2025
3202AED 9.85M · Sep 2025
32032-bedAED 7M · Mar 2024
32052-bedAED 4M · Feb 2021
32063-bedAED 8.9M · Jan 2024
32071-bedAED 2.39M · Mar 2018

3204, The Address Residence Sky View 2 in numbers

  • Sold 4 times: first on 30 September 2013 for AED 6,011,888, last on 29 June 2020 for AED 4,000,000 (AED 1,640 per sqft).
  • Rented since August 2023 on 2 Ejari contracts, from AED 620,000 to AED 550,000 a year.
  • At AED 550,000 a year the gross yield on the 2020 price is 13.8%.
  • 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 25 February 2025.

Questions about 3204, The Address Residence Sky View 2

What did unit 3204 last sell for?

AED 4,000,000 on 29 June 2020: AED 1,640 per sqft for 2,438 sqft. The unit has 4 registered sales; the first was AED 6,011,888 in September 2013.

What is the rent for unit 3204?

AED 550,000 a year on the contract signed on 25 February 2025. The previous contract, from August 2023, was AED 620,000.

How big is unit 3204?

2,438 sqft (226.5 sqm): a three-bedroom hotel apartment on the 32nd floor of a 51-storey tower completed in 2019.

What is unit 3204 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 3204, The Address Residence Sky View 2

Starts from the last sale price (AED 4M, 29 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

Plus AED 173,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →