3-bed · 2,102 sqftSouth Ridge Towers 1, Downtown Dubai · 11th floor · completed 2008

1102, South Ridge Towers 1

Sold prices and rental history: sold twice, last in November 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1102 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 4.4M24 November 2015
Current rentAED 300K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1102, South Ridge Towers 1

What is 1102 worth today?

Last sold for AED 4,400,000 in 2015

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1 Aug 2023RentedNew contract
AED 300,000/yr12 months · AED 143 per sqft
16 Jul 2022RentedNew contract
AED 300,000/yr12 months · AED 143 per sqft
24 Nov 2015SoldReady
AED 4,400,000AED 2,093 per sqft
29 Oct 2015Sold by developerReady
AED 5,400,000AED 2,568 per sqft
1 Jun 2015RentedNew contract
AED 230,000/yr12 months · AED 110 per sqft
1 Jun 2014RentedNew contract
AED 230,000/yr12 months · AED 110 per sqft
1 Jun 2013RentedNew contract
AED 208,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
3-bed apartment
Size
2,102 sqft
Floor
11th of 39
Parking
B1-099 , B1-100
Developer
Emaar
Completed
2008
Service charge
AED 40,300 /yr
Last sold
AED 4.4M · November 2015

About 1102, South Ridge Towers 1

1102 is a three-bedroom apartment of 2,102 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 24 November 2015 for AED 4,400,000, or AED 2,093 per sqft, 7% below the AED 2,259 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 August 2023, is AED 300,000 a year: a gross yield of 6.8% on the 2015 price, before the service charge of about AED 40,300 a year.

Sales and rents for 1102 over time

Sales
Unit 1102, 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, October 2015: AED 5,400,000 (AED 2,568 per sqft)Sold, November 2015: AED 4,400,000 (AED 2,093 per sqft)

1102 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1102, each contractTypical three-bed in South Ridge Towers 1
200K300K2012201620202024Typical 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 2013: AED 208,000 a yearNew contract, June 2014: AED 230,000 a yearNew contract, June 2015: AED 230,000 a yearNew contract, July 2022: AED 300,000 a yearNew contract, August 2023: AED 300,000 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 1102 sits

All 39 3-beds →

1102 last sold in November 2015 at AED 2,093 per sqft, 7% below what three-beds in South Ridge Towers 1 were fetching at the time (AED 2,259). 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. 1102's AED 300,000 is in the upper 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 11th floor

All 188 units in South Ridge Towers 1
Value
11012-bedAED 2.5M · Aug 2016
11032-bedAED 1.2M · May 2015
11041-bedAED 1.52M · Jan 2017
11051-bedAED 1.3M · Dec 2021

1102, South Ridge Towers 1 in numbers

  • Sold twice: first on 29 October 2015 for AED 5,400,000, last on 24 November 2015 for AED 4,400,000 (AED 2,093 per sqft).
  • Rented since June 2013 on 5 Ejari contracts, from AED 208,000 to AED 300,000 a year.
  • At AED 300,000 a year the gross yield on the 2015 price is 6.8%, 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 1 August 2023.

Questions about 1102, South Ridge Towers 1

What did unit 1102 last sell for?

AED 4,400,000 on 24 November 2015: AED 2,093 per sqft for 2,102 sqft. The unit has 2 registered sales; the first was AED 5,400,000 in October 2015.

What is the rent for unit 1102?

AED 300,000 a year on the contract signed on 1 August 2023. The previous contract, from July 2022, was AED 300,000; the unit has been rented since June 2013.

How big is unit 1102?

2,102 sqft (195.3 sqm): a three-bedroom apartment on the 11th floor of a 39-storey tower completed in 2008.

What is unit 1102 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 1102, South Ridge Towers 1

Starts from the last sale price (AED 4.4M, 24 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,400,000
Deposit, UAE resident (20%)
AED 880,000
Deposit, non-resident (40%)
AED 1,760,000
Monthly over 25 years at 3.7%
AED 18,002

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