2-bed · 1,700 sqftThe Address Residence Sky View 2, Downtown Dubai · 42nd floor · completed 2019

4205, The Address Residence Sky View 2

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4205 · DLD and Ejari recordsUpdated 30 December 2023
Last soldAED 6.09M9 June 2022
Current rentAED 460K /yr30 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4205, The Address Residence Sky View 2

What is 4205 worth today?

Last sold for AED 6,090,000 in 2022

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30 Dec 2023RentedNew contract
AED 460,000/yr12 months · AED 270 per sqft
30 Dec 2023RentedNew contract
AED 460,000/yr12 months · AED 270 per sqft
9 Jun 2022SoldReady
AED 6,090,000AED 3,581 per sqft
25 Sep 2021RentedNew contract
AED 172,000/yr12 months · AED 101 per sqft
3 Aug 2021SoldReady
AED 4,000,000AED 2,352 per sqft
25 Sep 2020RentedNew contract
AED 160,000/yr12 months · AED 94 per sqft
28 Nov 2013Sold by developerOff-plan
AED 4,462,888AED 2,624 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 December 2023.

Key facts

Type
2-bed hotel apartment
Size
1,700 sqft
Floor
42nd of 51
Parking
B3-313
Developer
Emaar
Completed
2019
Last sold
AED 6.09M · June 2022

About 4205, The Address Residence Sky View 2

4205 is a two-bedroom hotel apartment of 1,700 sqft on the 42nd floor of The Address Residence Sky View 2, a 51-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 9 June 2022 for AED 6,090,000, or AED 3,581 per sqft, 24% above the AED 2,883 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 30 December 2023, is AED 460,000 a year: a gross yield of 7.5% on the 2022 price.

Sales and rents for 4205 over time

Sales
Unit 4205, 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, November 2013: AED 4,462,888 (AED 2,624 per sqft)Sold, August 2021: AED 4,000,000 (AED 2,352 per sqft)Sold, June 2022: AED 6,090,000 (AED 3,581 per sqft)

4205 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4205, 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, September 2020: AED 160,000 a yearNew contract, September 2021: AED 172,000 a yearNew contract, December 2023: AED 460,000 a yearNew contract, December 2023: AED 460,000 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 4205 sits

All 77 2-beds →

4205 last sold in June 2022 at AED 3,581 per sqft, 24% above what two-beds in The Address Residence Sky View 2 were fetching at the time (AED 2,883). 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. 4205's AED 460,000 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 →
Value
42012-bedAED 3.8M · Jul 2022
42023-bedAED 8M · Jan 2023
42032-bedAED 5.75M · Nov 2022
42043-bedAED 4.5M · Jul 2020
42063-bedAED 6.18M · Jun 2020
42071-bedAED 2.42M · Dec 2013

4205, The Address Residence Sky View 2 in numbers

  • Sold 3 times: first on 28 November 2013 for AED 4,462,888, last on 9 June 2022 for AED 6,090,000 (AED 3,581 per sqft).
  • Rented since September 2020 on 4 Ejari contracts, from AED 160,000 to AED 460,000 a year.
  • At AED 460,000 a year the gross yield on the 2022 price is 7.5%.
  • 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 30 December 2023.

Questions about 4205, The Address Residence Sky View 2

What did unit 4205 last sell for?

AED 6,090,000 on 9 June 2022: AED 3,581 per sqft for 1,700 sqft. The unit has 3 registered sales; the first was AED 4,462,888 in November 2013.

What is the rent for unit 4205?

AED 460,000 a year on the contract signed on 30 December 2023. The previous contract, from December 2023, was AED 460,000; the unit has been rented since September 2020.

How big is unit 4205?

1,700 sqft (157.9 sqm): a two-bedroom hotel apartment on the 42nd floor of a 51-storey tower completed in 2019.

What is unit 4205 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 4205, The Address Residence Sky View 2

Starts from the last sale price (AED 6.09M, 9 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,090,000
Deposit, UAE resident (20%)
AED 1,218,000
Deposit, non-resident (40%)
AED 2,436,000
Monthly over 25 years at 3.7%
AED 24,916

Plus AED 260,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →