2-bed · 1,491 sqftSouth Ridge Towers 1, Downtown Dubai · 11th floor · completed 2008

1101, South Ridge Towers 1

Sold prices and rental history: sold twice, last in August 2016, and rented once, from February 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1101 · DLD and Ejari recordsUpdated 18 August 2016
Last soldAED 2.5M18 August 2016
Current rentAED 130K /yr15 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1101, South Ridge Towers 1

What is 1101 worth today?

Last sold for AED 2,500,000 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

18 Aug 2016SoldReady
AED 2,500,000AED 1,676 per sqft
15 Feb 2014RentedNew contract
AED 130,000/yr12 months · AED 87 per sqft
2 Aug 2010Sold by developerReady
AED 3,400,000AED 2,280 per sqft

Source: Dubai Land Department. Updated 18 August 2016.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
11th of 39
Parking
B2-239
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 2.5M · August 2016

About 1101, South Ridge Towers 1

1101 is a two-bedroom apartment of 1,491 sqft on the 11th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 18 August 2016 for AED 2,500,000, or AED 1,676 per sqft, 6% below the AED 1,789 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 February 2014. The current contract, signed on 15 February 2014, is AED 130,000 a year: a gross yield of 5.2% on the 2016 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, each saleTypical two-bed in South Ridge Towers 1
2M3M2008201320182023Typical sale price by year: 2008 AED 1,706,944; 2009 AED 1,473,060; 2010 AED 1,915,500; 2011 AED 2,005,946; 2012 AED 1,949,944; 2013 AED 2,300,000; 2014 AED 3,400,000; 2015 AED 2,650,000; 2016 AED 2,462,500; 2017 AED 2,337,500; 2018 AED 2,800,000; 2020 AED 1,634,550; 2021 AED 2,077,000; 2022 AED 2,200,000; 2023 AED 2,600,000; 2024 AED 2,865,000; 2025 AED 3,000,000; 2026 AED 3,150,000Sold by developer, August 2010: AED 3,400,000 (AED 2,280 per sqft)Sold, August 2016: AED 2,500,000 (AED 1,676 per sqft)

1101 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1101, each contractTypical two-bed in South Ridge Towers 1
150K2012201620202024Typical rent by year: 2012 AED 132,500; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 166,000; 2016 AED 167,265; 2017 AED 160,000; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 116,000; 2021 AED 115,001; 2022 AED 124,000; 2023 AED 150,000; 2024 AED 170,000; 2025 AED 177,500; 2026 AED 170,000New contract, February 2014: AED 130,000 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 South Ridge Towers 1, and where 1101 sits

All 76 2-beds →

1101 last sold in August 2016 at AED 1,676 per sqft, 6% below what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,789). Over the last 12 months two-beds sold for AED 2,500,000 to 4,150,000, around AED 2,114 per sqft, and rent for AED 133,000 to 350,000 a year. 1101's AED 130,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jul 20263,025,000
24 Apr 20264,150,000
15 Apr 20263,250,000
11 Mar 20263,050,000
6 2-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 11th floor

All 188 units in South Ridge Towers 1
Value
11023-bedAED 4.4M · Nov 2015
11032-bedAED 1.2M · May 2015
11041-bedAED 1.52M · Jan 2017
11051-bedAED 1.3M · Dec 2021

1101, South Ridge Towers 1 in numbers

  • Sold twice: first on 2 August 2010 for AED 3,400,000, last on 18 August 2016 for AED 2,500,000 (AED 1,676 per sqft).
  • Rented since February 2014 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2016 price is 5.2%, before a service charge of about AED 28,600 a year (AED 19.17 per sqft).
  • Two-beds in South Ridge Towers 1 sold for AED 2,500,000–4,150,000 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 18 August 2016.

Questions about 1101, South Ridge Towers 1

What did unit 1101 last sell for?

AED 2,500,000 on 18 August 2016: AED 1,676 per sqft for 1,491 sqft. The unit has 2 registered sales; the first was AED 3,400,000 in August 2010.

What is the rent for unit 1101?

AED 130,000 a year on the contract signed on 15 February 2014.

How big is unit 1101?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 11th floor of a 39-storey tower completed in 2008.

What is unit 1101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in South Ridge Towers 1 sold for AED 2,500,000 to 4,150,000 in the last 12 months, around AED 2,114 per sqft.

Selling 1101? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1101, South Ridge Towers 1

Starts from the last sale price (AED 2.5M, 18 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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