1402, South Ridge Towers 1
Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1402, South Ridge Towers 1
What is 1402 worth today?
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Source: Dubai Land Department. Updated 29 May 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,102 sqft
- Floor
- 14th of 39
- Parking
- B1-075 , B1-076
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 40,300 /yr
- Last sold
- AED 3.65M · May 2023
- Building
- South Ridge Towers 1
About 1402, South Ridge Towers 1
1402 is a three-bedroom apartment of 2,102 sqft on the 14th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 29 May 2023 for AED 3,650,000, or AED 1,736 per sqft, in line with the AED 1,736 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 14 Ejari contracts. The current contract, signed on 29 May 2023, is AED 198,000 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 40,300 a year.
Sales and rents for 1402 over time
1402 has sold twice; the dashed line is the three-bed median of each year in the building.
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 1402 sits
All 39 3-beds →1402 last sold in May 2023 at AED 1,736 per sqft, in line with what three-beds in South Ridge Towers 1 were fetching at the time (AED 1,736). 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. 1402's AED 198,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Oct 202612 October 2026 | 2,102 sqft | 6,130,000 | 2,916 | ||
| 17 Aug 202617 August 2026 | 2,102 sqft | 5,350,000 | 2,545 | ||
| 11 Jun 202611 June 2026 | 1,974 sqft | 3,516,934 | 1,781 | ||
| 11 Sep 202511 September 2025 | 2,102 sqft | 4,950,000 | 2,354 |
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 14th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,491 sqft | AED 2.08MAED 2,077,000 · Apr 2021April 2021 | 123,000 /yr | |
| 1403 | 2-bed | 1,635 sqft | AED 3.88MAED 3,884,250 · Nov 2014November 2014 | 137,500 /yr | |
| 1404 | 1-bed | 915 sqft | AED 1.07MAED 1,065,000 · Aug 2019August 2019 | 120,000 /yr | |
| 1405 | 1-bed | 1,060 sqft | AED 862KAED 861,888 · Oct 2010October 2010 | 125,000 /yr |
1402, South Ridge Towers 1 in numbers
- Sold twice: first on 18 April 2013 for AED 2,077,631, last on 29 May 2023 for AED 3,650,000 (AED 1,736 per sqft).
- Rented since December 2012 on 14 Ejari contracts. The rent fell from AED 240,000 to AED 168,909 in 2021 and recovered to AED 198,000 by May 2023.
- At AED 198,000 a year the gross yield on the 2023 price is 5.4%, 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 29 May 2023.
Questions about 1402, South Ridge Towers 1
What did unit 1402 last sell for?
AED 3,650,000 on 29 May 2023: AED 1,736 per sqft for 2,102 sqft. The unit has 2 registered sales; the first was AED 2,077,631 in April 2013.
What is the rent for unit 1402?
AED 198,000 a year on the contract signed on 29 May 2023. The previous contract, from August 2022, was AED 198,000; the unit has been rented since December 2012.
How big is unit 1402?
2,102 sqft (195.3 sqm): a three-bedroom apartment on the 14th floor of a 39-storey tower completed in 2008.
What is unit 1402 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 1402, South Ridge Towers 1
Starts from the last sale price (AED 3.65M, 29 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,650,000
- Deposit, UAE resident (20%)
- AED 730,000
- Deposit, non-resident (40%)
- AED 1,460,000
- Monthly over 25 years at 3.7%
- AED 14,933
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →