How much does a 2 bedroom in Address Residences Sky View 2 cost?

The median registered sale price is AED 5.40M (3,501 AED/sqft), from 16 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

Have prices in Address Residences Sky View 2 risen or fallen?

Median price per square foot moved +18.9% over the last 12 months against the 12 before it, on 16 registered sales. On a sample this size, read the direction rather than the exact figure.

Does Address Residences Sky View 2 earn more short-let than long-let?

A night asks a median of AED 1,259, which models to 5.27% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Did off-plan buyers in Address Residences Sky View 2 make money?

Units bought off-plan between 2013 and 2020 later resold +23.7% against their launch median. Only units that actually resold can appear, so this figure skews toward the ones that performed.

How many apartments change hands in Address Residences Sky View 2?

16 sales were registered with the Dubai Land Department in the last 24 months. Every median on this page rests on those counts.

Address Residences Sky View 2 — sale prices & yield

Buy: 5.40MAED; AED 3,501/sqft
Short-let: 5.27%; AED 1,259/night · 0.82/sqft

AED/yr/sqft: —
Sales: 16
Rental contracts: 0
Short-let listings seen: 8+

12 months: +18.9%
3 years: +12.4%+4.0%/yr
5 years: +50.2%+8.5%/yr

Based on 16 sales and 0 rental contracts in the last 24 months.

Address Residences Sky View 2 is an apartment building in Downtown Dubai, Dubai, one of the towers in the The Address Residence - Sky View development. The closest metro station is Burj Khalifa / Dubai Mall Metro Station, the nearest mall Dubai Mall and the nearest landmark Burj Khalifa. Land Department records for it run from 2015 to 2026, 566 registered sales in all — the 16 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Address Residences Sky View 2, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
1 bed	AED 3.80M	3614	—	+6.7%	3
2 bed	AED 5.40M	3501	—	+18.9%	16
3 bed	AED 10.90M	4873	—	+4.0%	13
4+ bed	AED 13.50M	5321	—	+16.0%	2

Deltas compare each yield with the Downtown Dubai median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Address Residences Sky View 2

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
1 bed500m	941	0.89	AED 214,547	—	—	5.65%	13+
2 bed500m	1,259	0.82	AED 284,775	—	—	5.27%	8+
3 bed500m	2,032	0.91	AED 463,858	—	—	4.26%	3+
4+ bed500m	2,008	0.79	AED 452,778	—	—	3.35%	6+

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Address Residences Sky View 2 itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in Address Residences Sky View 2 between 2013 and 2020 went for a median of AED 2,597/sqft (AED 5.00M). The same building resells today at AED 4,392/sqft (AED 7.83M) — an uplift of +56.5%.

Based on 267 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

12 resales in the last 12 months, against 28 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
11 Jun 2026	3 bed	2,021	AED 8,400,000	4,156

1 resales in the last 3 months.

Rental contracts

Nothing registered in the last 3 months. Try a wider window.

Nearby

Metro: Burj Khalifa / Dubai Mall Metro Station
Mall: Dubai Mall
Landmark: Burj Khalifa

Compare with nearby buildings

The most-traded buildings in The Address Residence - Sky View, on the same figures over the same window.

Common questions

How much does a 2 bedroom in Address Residences Sky View 2 cost?: The median registered sale price is AED 5.40M (3,501 AED/sqft), from 16 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
Have prices in Address Residences Sky View 2 risen or fallen?: Median price per square foot moved +18.9% over the last 12 months against the 12 before it, on 16 registered sales. On a sample this size, read the direction rather than the exact figure.
Does Address Residences Sky View 2 earn more short-let than long-let?: A night asks a median of AED 1,259, which models to 5.27% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities. Nightly rates are asking rates sampled across the next 12 months, not registered income.
Did off-plan buyers in Address Residences Sky View 2 make money?: Units bought off-plan between 2013 and 2020 later resold +23.7% against their launch median. Only units that actually resold can appear, so this figure skews toward the ones that performed.
How many apartments change hands in Address Residences Sky View 2?: 16 sales were registered with the Dubai Land Department in the last 24 months. Every median on this page rests on those counts.

Address Residences Sky View 2