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3-bed · 2,102 sqftSouth Ridge Towers 1, Downtown Dubai · 10th floor · completed 2008

1002, South Ridge Towers 1

Sold prices and rental history: sold 3 times, last in August 2020, and rented once, from June 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 6 August 2020
Last soldAED 2.1M6 August 2020
Current rentAED 160K /yr1 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, South Ridge Towers 1

What is 1002 worth today?

Last sold for AED 2,100,000 in 2020

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6 Aug 2020SoldReady
AED 2,100,000AED 999 per sqft
7 Oct 2019SoldReady
AED 2,225,186AED 1,058 per sqft
1 Jun 2019RentedNew contract
AED 160,000/yr12 months · AED 76 per sqft
25 Dec 2014Sold by developerReady
AED 2,068,888AED 984 per sqft

Source: Dubai Land Department. Updated 6 August 2020.

Key facts

Type
3-bed apartment
Size
2,102 sqft
Floor
10th of 39
Parking
B1-050 , B1-051
Developer
Emaar
Completed
2008
Service charge
AED 40,300 /yr
Last sold
AED 2.1M · August 2020
Building
South Ridge Towers 1

About 1002, South Ridge Towers 1

1002 is a three-bedroom apartment of 2,102 sqft on the 10th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 6 August 2020 for AED 2,100,000, or AED 999 per sqft.

One Ejari contract is registered, from 1 June 2019. The current contract, signed on 1 June 2019, is AED 160,000 a year: a gross yield of 7.6% on the 2020 price, before the service charge of about AED 40,300 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical three-bed in South Ridge Towers 1
2M4M2009201420192024Typical sale price by year: 2009 AED 2,704,000; 2010 AED 2,503,170; 2011 AED 2,284,888; 2012 AED 3,160,000; 2013 AED 4,030,000; 2015 AED 4,875,000; 2019 AED 2,225,186; 2021 AED 3,000,000; 2022 AED 3,325,000; 2023 AED 3,950,000; 2024 AED 4,800,000; 2025 AED 4,950,000; 2026 AED 5,350,000Sold by developer, December 2014: AED 2,068,888 (AED 984 per sqft)Sold, October 2019: AED 2,225,186 (AED 1,058 per sqft)Sold, August 2020: AED 2,100,000 (AED 999 per sqft)

1002 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1002, each contractTypical three-bed in South Ridge Towers 1
150K200K250K2012201620202024Typical rent by year: 2012 AED 190,000; 2013 AED 220,000; 2014 AED 232,500; 2015 AED 245,000; 2016 AED 239,842; 2017 AED 220,000; 2018 AED 192,500; 2019 AED 167,500; 2020 AED 156,250; 2021 AED 175,000; 2022 AED 199,464; 2023 AED 240,000; 2024 AED 245,000; 2025 AED 250,000; 2026 AED 225,000New contract, June 2019: AED 160,000 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 South Ridge Towers 1, and where 1002 sits

All 39 3-beds →

Over the last 12 months three-beds sold for AED 3,516,934 to 6,130,000, around AED 2,545 per sqft, and rent for AED 110,000 to 350,000 a year. 1002's AED 160,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
12 Oct 20266,130,000
17 Aug 20265,350,000
11 Jun 20263,516,934
11 Sep 20254,950,000
3 3-bed sales in the last 12 months

South Ridge Towers 1

Building

188 apartments, 1-bed to 3-bed over 39 floors in Downtown Dubai, completed in 2008 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 2,049 Up 3.1%
Typical sale
AED 3.25M
Typical rent
AED 139K /yr
Typical yield
5.3%
South Ridge Towers 1, Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 188 units in South Ridge Towers 1
Value
10012-bedAED 2.28M · Jan 2023
10032-bedAED 1.81M · Aug 2010
10041-bedAED 1.43M · Jan 2023
10051-bedAED 842K · Mar 2009

1002, South Ridge Towers 1 in numbers

  • Sold 3 times: first on 25 December 2014 for AED 2,068,888, last on 6 August 2020 for AED 2,100,000 (AED 999 per sqft).
  • Rented since June 2019 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2020 price is 7.6%, before a service charge of about AED 40,300 a year (AED 19.17 per sqft).
  • Three-beds in South Ridge Towers 1 sold for AED 3,516,934–6,130,000 in the 12 months to November 2026; the building's median across all types is AED 2,049 per sqft.

Source: Dubai Land Department. Updated 6 August 2020.

Questions about 1002, South Ridge Towers 1

What did unit 1002 last sell for?

AED 2,100,000 on 6 August 2020: AED 999 per sqft for 2,102 sqft. The unit has 3 registered sales; the first was AED 2,068,888 in December 2014.

What is the rent for unit 1002?

AED 160,000 a year on the contract signed on 1 June 2019.

How big is unit 1002?

2,102 sqft (195.3 sqm): a three-bedroom apartment on the 10th floor of a 39-storey tower completed in 2008.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in South Ridge Towers 1 sold for AED 3,516,934 to 6,130,000 in the last 12 months, around AED 2,545 per sqft.

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Mortgage on 1002, South Ridge Towers 1

Starts from the last sale price (AED 2.1M, 6 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →