1601, South Ridge Towers 1
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, South Ridge Towers 1
What is 1601 worth today?
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Source: Dubai Land Department. Updated 14 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,491 sqft
- Floor
- 16th of 39
- Parking
- B1-102
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 28,600 /yr
- Last sold
- AED 1.24M · May 2009
- Building
- South Ridge Towers 1
About 1601, South Ridge Towers 1
1601 is a two-bedroom apartment of 1,491 sqft on the 16th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 25 May 2009 for AED 1,236,642, or AED 829 per sqft, 17% below the AED 993 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 14 November 2023, is AED 127,000 a year: a gross yield of 10.3% on the 2009 price, before the service charge of about AED 28,600 a year.
Sales and rents for 1601 over time
1601 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 1601 sits
All 76 2-beds →1601 last sold in May 2009 at AED 829 per sqft, 17% below 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. 1601's AED 127,000 is at the bottom 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 16th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 3-bed | 2,102 sqft | AED 5.9MAED 5,900,000 · Aug 2025August 2025 | 240,000 /yr | |
| 1603 | 2-bed | 1,635 sqft | AED 2.5MAED 2,500,000 · May 2021May 2021 | 115,000 /yr | |
| 1604 | 1-bed | 915 sqft | AED 1.35MAED 1,345,000 · Mar 2013March 2013 | 92,000 /yr | |
| 1605 | 1-bed | 1,060 sqft | AED 1.85MAED 1,850,000 · Feb 2025February 2025 | 85,031 /yr |
1601, South Ridge Towers 1 in numbers
- Sold once: by Emaar on 25 May 2009 for AED 1,236,642, or AED 829 per sqft.
- Rented since November 2018 on 6 Ejari contracts. The rent fell from AED 118,000 to AED 105,000 in 2021 and recovered to AED 127,000 by November 2023.
- At AED 127,000 a year the gross yield on the 2009 price is 10.3%, before a service charge of about AED 28,600 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 14 November 2023.
Questions about 1601, South Ridge Towers 1
What did unit 1601 last sell for?
AED 1,236,642 on 25 May 2009, sold by the developer: AED 829 per sqft for 1,491 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 127,000 a year on the contract renewed on 14 November 2023. The previous contract, from November 2022, was AED 115,500; the unit has been rented since November 2018.
How big is unit 1601?
1,491 sqft (138.5 sqm): a two-bedroom apartment on the 16th floor of a 39-storey tower completed in 2008.
What is unit 1601 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 1601, South Ridge Towers 1
Starts from the last sale price (AED 1.24M, 25 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,236,642
- Deposit, UAE resident (20%)
- AED 247,328
- Deposit, non-resident (40%)
- AED 494,657
- Monthly over 25 years at 3.7%
- AED 5,059
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →