Address Residences Sky View 2
- Completed 2019
- Master developer Emaar Properties
A 2 bed in Address Residences Sky View 2 costs a median AED 5.60M and returns 4.4% short-term at the assumed 70% occupancy.
2 bed · typical price
5.60MAED
AED 3,631/sqft · +9.8% on a year
- vs Downtown Dubai
- 48% above the median
Cost to buy, all inAED 5.95M
- Price
- AED 5.60M
- DLD fee 4%
- AED 224,000
- Agent 2% + VAT
- AED 117,600
- Trustee
- AED 4,200
Is Address Residences Sky View 2 a good investment?Prices rising, with nothing to watch; no record of the yield and the rent trend
- Does it pay a good rent?No Ejari lease registered here in 12 months, so any yield quoted is an estimateNo record
- Are rents going up?No lease registered in 12 months, so no rent trend to readNo record
- Are prices going up?2 bed: AED 3,306/sqft a year ago, 3,631 now+9.8%Strength
- How fast do fees pay back?AED 345,800 in fees to buy a 2 bed: DLD 4%, agent 2% plus VAT, trusteeAED 345,800
- Can I sell easily?12 sales in 12 months (18 the year before)12
- Is a lot being built nearby?3,663 apartments are planned in Downtown Dubai from 2026 to 2028, equal to 38% of the 9,689 homes let there today. A further 348 are past their planned date. Downtown Dubai supply by year →38%Fair
- Did earlier buyers gain?Up 60% for buyers 5 years ago; up 61% for launch buyers, before fees+60.0%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Address Residences Sky View 2 prices and rents by unit typeA two-bed costs about AED 5.60M
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
2 bed · price per sqft · Downtown Dubai · area median AED 2,458/sqft
- 12-month change
- +9.8%
- 3 years
- +3.7% · +1.2%/yr
- 5 years
- +38.6% · +6.8%/yr
- vs area median
- +47.7%
- Rank by price per sqft
- 14th of 81
- Off-plan price gain, 2013–2020
- +40.7% · +3.7%/yr
Short-term income
2 bed · 70% occupancy · 7-night stays · within 500 m
- Median nightly rate
- AED 1,259
- Net revenue
- AED 245,944/yr
- Listings seen
- 8+
Read with care
- No rental contracts are registered here yet, so there is no yield and the prices are launch pricing — a pre-handover building. Price growth from launch is not comparable with a let building's.
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Chart data, 2 bed: Sep 2013, AED 4,393,974; latest, Oct 2026, AED 4,400,000; peak, Mar 2025, AED 7,825,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 4,134 · before fees
- Launch, 2013–20
- 2,562
- +61%
- 160 sales
- 5 years ago
- 2,585
- +60%
- 29 sales
- 3 years ago
- 3,647
- +13%
- 41 sales
- Previous 12 months
- 4,441
- −7%
- 18 sales
- Last 12 months
- 4,134
- today
- 12 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
12 resales in the last 12 months, against 28 a year on average over 2023–2025.
12 resales in the last 12 months.
Short-term rates around Address Residences Sky View 2
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Downtown Dubai
Every Downtown Dubai building with a page, ranked by price per sqft over the same 12 months, all unit types. Address Residences Sky View 2 places 10th of 116; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Address Residences Sky View 2 (AED 4,134/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Address Residences Sky View 2 has registered sale prices 48% above the Downtown Dubai median price per square foot of 2,458 AED, across 81 eligible buildings. It ranks 14th of 81 by price per square foot in Downtown Dubai.
Market context in Downtown Dubai
Registered sales activity
1,759 ready apartment sales in the 12 months to 2026-10-12.
+0.4% in median AED/sqft versus the preceding year, supported by 1,759 current and 2,575 prior price observations.
Explore sales activityPlanned apartment projects
2,186 known registered units across 5 pending projects planned within one year of the 2026-07-06 register.
1 projects had already passed their planned date; 1 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
3,663 apartments are planned in Downtown Dubai from 2026 to 2028, equal to 38% of the 9,689 homes let there today.
Ready prices per sqft fell in 49% of 109 buildings (counted once per bedroom type) in Downtown Dubai with sales in both years; the typical one moved +0.1%.
New-lease rents fell in 76% of 54 buildings (counted once per bedroom type) with leases in both years; the typical one moved −5.7%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
The The Address Residence - Sky View towers
3 towers in The Address Residence - Sky View, at the bedroom type above.
Downtown Dubai: every development at this typeDowntown Dubai: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 2 bed. A median needs 3 rows; a dash with a count means fewer.
About Address Residences Sky View 2
Address Residences Sky View 2 is an apartment building completed in 2019 by Emaar Properties in Downtown Dubai. 286 sales are registered with the Dubai Land Department.
The building, as registered
- Master developer
- Emaar Properties
Drive times · typical
- Downtown
- 7 min · 1.4 km
- DXB Airport
- 16 min · 16 km
- DIFC
- 8 min · 5.2 km
- Dubai Marina
- 19 min · 21 km
- Palm Jumeirah
- 25 min · 26 km
Nearest, as registered
- Metro
- Burj Khalifa / Dubai Mall Metro Station
- Mall
- Dubai Mall
- Landmark
- Burj Khalifa
Address Residences Sky View 2: AED 4,134 per sq ft, 69% above the median Downtown Dubai building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Address Residences Sky View 2AED 4,134
- Downtown Dubai, readyAED 2,665
- Downtown Dubai, off-planAED 3,819
- Dubai, readyAED 1,421
More from Emaar Properties
Burj Khalifa
Downtown Dubai · 115 sales, 12 months
5.00M
AED, resale median · 2,929/sqft
The St. Regis Residences - Tower 1
Downtown Dubai · 67 sales, 12 months
3.70M
AED, resale median · 3,328/sqft
Grande
Downtown Dubai · 61 sales, 12 months
5.45M
AED, resale median · 3,539/sqft
The St. Regis Residences - Tower 2
Downtown Dubai · 56 sales, 12 months
3.91M
AED, resale median · 2,975/sqft
Nearby in Downtown Dubai
Prices per sq ft around Address Residences Sky View 2, on the mapPrices per sq ft around Address Residences Sky View 2, on the map
Binghatti Skyblade
Downtown Dubai · 472 sales, 12 months
1.97M
AED, resale median · 3,909/sqft
Burj Khalifa
Downtown Dubai · 115 sales, 12 months
5.00M
AED, resale median · 2,929/sqft
Imperial Avenue
Downtown Dubai · 65 sales, 12 months
3.18M
AED, resale median · 2,385/sqft
Grande
Downtown Dubai · 61 sales, 12 months
5.45M
AED, resale median · 3,539/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 2 bedOn record
- Rental evidence · 2 bedRead with care
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- DeveloperOn record
- Short-term assumptionRead with care
- Costs not includedNot in the yield
Rent or buy
What owning a 2 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Address Residences Sky View 2’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- —
- 4.5% over 25 years
- Monthly rent
- —
- Cash needed at purchase
- —
Enter a price, a rent, a rate, a term and a horizon to model the comparison.
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Common questions
- What is the rental yield in Address Residences Sky View 2?
- No gross yield is published for Address Residences Sky View 2 as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 5 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Downtown Dubai median is 5.5% gross.
- How much does a 2 bedroom in Address Residences Sky View 2 cost?
- The median registered sale price is AED 5.60M (3,631 AED/sqft), from 5 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What are apartments in Address Residences Sky View 2 selling for right now?
- Registered sales of ready units in Address Residences Sky View 2 over the last 12 months have a median of 3,631 AED/sqft, across 5 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Address Residences Sky View 2 risen or fallen?
- Median price per square foot moved +9.8% over the last 12 months against the 12 before it, on 5 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- Does Address Residences Sky View 2 earn more short-term than long-let?
- A night asks a median of AED 1,259, which models to 4.4% net at an assumed 70% 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.
For agents
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Address Residences Sky View 2 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 5 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
Cite as: Dubai Wealth Index. “Address Residences Sky View 2 sale prices and yield.” Downtown Dubai, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/downtown-dubai/address-residences-sky-view-2
Stable dataJSON