1503, South Ridge Towers 1
Sold prices and rental history: sold twice, last in February 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1503, South Ridge Towers 1
What is 1503 worth today?
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Source: Dubai Land Department. Updated 25 November 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 15th of 39
- Parking
- B2-009
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,300 /yr
- Last sold
- AED 1.8M · February 2012
- Building
- South Ridge Towers 1
About 1503, South Ridge Towers 1
1503 is a two-bedroom apartment of 1,635 sqft on the 15th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 5 February 2012 for AED 1,800,000, or AED 1,100 per sqft, 12% below the AED 1,245 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 25 November 2026, is AED 160,085 a year: a gross yield of 8.9% on the 2012 price, before the service charge of about AED 31,300 a year.
Sales and rents for 1503 over time
1503 has sold twice; 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 1503 sits
All 76 2-beds →1503 last sold in February 2012 at AED 1,100 per sqft, 12% below what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,245). 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. 1503's AED 160,085 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 15th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,491 sqft | AED 3.03MAED 3,025,000 · Jul 2026July 2026 | 183,750 /yr | |
| 1502 | 3-bed | 2,102 sqft | AED 6.13MAED 6,130,000 · Oct 2026October 2026 | 185,000 /yr | |
| 1504 | 1-bed | 915 sqft | AED 1.45MAED 1,450,000 · Mar 2018March 2018 | 110,000 /yr | |
| 1505 | 1-bed | 1,060 sqft | AED 1.72MAED 1,720,000 · Dec 2023December 2023 | 90,259 /yr |
1503, South Ridge Towers 1 in numbers
- Sold twice: first on 17 February 2010 for AED 2,125,000, last on 5 February 2012 for AED 1,800,000 (AED 1,100 per sqft).
- Rented since August 2013 on 13 Ejari contracts. The rent fell from AED 145,000 to AED 115,000 in 2021 and recovered to AED 160,085 by November 2026.
- At AED 160,085 a year the gross yield on the 2012 price is 8.9%, 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 25 November 2026.
Questions about 1503, South Ridge Towers 1
What did unit 1503 last sell for?
AED 1,800,000 on 5 February 2012: AED 1,100 per sqft for 1,635 sqft. The unit has 2 registered sales; the first was AED 2,125,000 in February 2010.
What is the rent for unit 1503?
AED 160,085 a year on the contract renewed on 25 November 2026. The previous contract, from November 2025, was AED 152,460; the unit has been rented since August 2013.
How big is unit 1503?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 15th floor of a 39-storey tower completed in 2008.
What is unit 1503 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 1503, South Ridge Towers 1
Starts from the last sale price (AED 1.8M, 5 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →