1505, South Ridge Towers 1
Sold prices and rental history: sold 3 times, last in December 2023, 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 1505, South Ridge Towers 1
What is 1505 worth today?
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Source: Dubai Land Department. Updated 14 December 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,060 sqft
- Floor
- 15th of 39
- Parking
- B2-029
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 20,300 /yr
- Last sold
- AED 1.72M · December 2023
- Building
- South Ridge Towers 1
About 1505, South Ridge Towers 1
1505 is a one-bedroom apartment of 1,060 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 14 December 2023 for AED 1,720,000, or AED 1,622 per sqft, in line with the AED 1,639 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 90,259 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 20,300 a year.
Sales and rents for 1505 over time
1505 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in South Ridge Towers 1, and where 1505 sits
All 73 1-beds →1505 last sold in December 2023 at AED 1,622 per sqft, in line with what one-beds in South Ridge Towers 1 were fetching at the time (AED 1,639). Over the last 12 months one-beds sold for AED 1,770,000 to 1,825,000, around AED 1,828 per sqft, and rent for AED 50,000 to 160,000 a year. 1505's AED 90,259 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 915 sqft | 1,770,000 | 1,934 | ||
| 25 Jun 202625 June 2026 | 1,060 sqft | 1,825,000 | 1,721 | ||
| 5 Nov 20255 November 2025 | 915 sqft | 1,825,000 | 1,994 | ||
| 16 Sep 202516 September 2025 | 959 sqft | 1,900,000 | 1,981 |
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 | |
| 1503 | 2-bed | 1,635 sqft | AED 1.8MAED 1,800,000 · Feb 2012February 2012 | 160,085 /yr | |
| 1504 | 1-bed | 915 sqft | AED 1.45MAED 1,450,000 · Mar 2018March 2018 | 110,000 /yr |
1505, South Ridge Towers 1 in numbers
- Sold 3 times: first on 1 March 2011 for AED 2,800,000, last on 14 December 2023 for AED 1,720,000 (AED 1,622 per sqft).
- Rented since July 2013 on 7 Ejari contracts. The rent fell from AED 100,000 to AED 70,000 in 2020 and recovered to AED 90,259 by March 2023.
- At AED 90,259 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 20,300 a year (AED 19.17 per sqft).
- One-beds in South Ridge Towers 1 sold for AED 1,770,000–1,825,000 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 14 December 2023.
Questions about 1505, South Ridge Towers 1
What did unit 1505 last sell for?
AED 1,720,000 on 14 December 2023: AED 1,622 per sqft for 1,060 sqft. The unit has 3 registered sales; the first was AED 2,800,000 in March 2011.
What is the rent for unit 1505?
AED 90,259 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 90,000; the unit has been rented since July 2013.
How big is unit 1505?
1,060 sqft (98.5 sqm): a one-bedroom apartment on the 15th floor of a 39-storey tower completed in 2008.
What is unit 1505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in South Ridge Towers 1 sold for AED 1,770,000 to 1,825,000 in the last 12 months, around AED 1,828 per sqft.
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Mortgage on 1505, South Ridge Towers 1
Starts from the last sale price (AED 1.72M, 14 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,720,000
- Deposit, UAE resident (20%)
- AED 344,000
- Deposit, non-resident (40%)
- AED 688,000
- Monthly over 25 years at 3.7%
- AED 7,037
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →