1203, South Ridge Towers 1
Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, South Ridge Towers 1
What is 1203 worth today?
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Source: Dubai Land Department. Updated 8 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 12th of 39
- Parking
- B2-013
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,300 /yr
- Last sold
- AED 1.89M · April 2009
- Building
- South Ridge Towers 1
About 1203, South Ridge Towers 1
1203 is a two-bedroom apartment of 1,635 sqft on the 12th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 23 April 2009 for AED 1,885,572, or AED 1,153 per sqft, 16% above the AED 993 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 8 August 2023, is AED 135,000 a year: a gross yield of 7.2% on the 2009 price, before the service charge of about AED 31,300 a year.
Sales and rents for 1203 over time
1203 has sold once; the dashed line is the two-bed median of each year in the building.
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 1203 sits
All 76 2-beds →1203 last sold in April 2009 at AED 1,153 per sqft, 16% above what two-beds in South Ridge Towers 1 were fetching at the time (AED 993). 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. 1203's AED 135,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jul 202622 July 2026 | 1,491 sqft | 3,025,000 | 2,028 | ||
| 24 Apr 202624 April 2026 | 1,635 sqft | 4,150,000 | 2,538 | ||
| 15 Apr 202615 April 2026 | 1,491 sqft | 3,250,000 | 2,179 | ||
| 11 Mar 202611 March 2026 | 1,488 sqft | 3,050,000 | 2,049 |
South Ridge Towers 1
Building188 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%
Other units on the 12th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,491 sqft | AED 1.24MAED 1,242,888 · Feb 2010February 2010 | 104,500 /yr | |
| 1202 | 3-bed | 2,102 sqft | AED 2.05MAED 2,054,351 · Feb 2011February 2011 | 240,000 /yr | |
| 1204 | 1-bed | 915 sqft | AED 1.55MAED 1,550,000 · Apr 2023April 2023 | 77,000 /yr | |
| 1205 | 1-bed | 530 sqft | AED 852KAED 851,888 · Jun 2010June 2010 | 110,000 /yr |
1203, South Ridge Towers 1 in numbers
- Sold once: by Emaar on 23 April 2009 for AED 1,885,572, or AED 1,153 per sqft.
- Rented since December 2014 on 9 Ejari contracts. The rent fell from AED 162,750 to AED 120,000 in 2020 and recovered to AED 135,000 by August 2023.
- At AED 135,000 a year the gross yield on the 2009 price is 7.2%, before a service charge of about AED 31,300 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 8 August 2023.
Questions about 1203, South Ridge Towers 1
What did unit 1203 last sell for?
AED 1,885,572 on 23 April 2009, sold by the developer: AED 1,153 per sqft for 1,635 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 135,000 a year on the contract renewed on 8 August 2023. The previous contract, from August 2022, was AED 135,000; the unit has been rented since December 2014.
How big is unit 1203?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 12th floor of a 39-storey tower completed in 2008.
What is unit 1203 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.
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Mortgage on 1203, South Ridge Towers 1
Starts from the last sale price (AED 1.89M, 23 April 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,885,572
- Deposit, UAE resident (20%)
- AED 377,114
- Deposit, non-resident (40%)
- AED 754,229
- Monthly over 25 years at 3.7%
- AED 7,714
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →