1602, South Ridge Towers 1
Sold prices and rental history: sold 3 times, last in August 2025, 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 1602, South Ridge Towers 1
What is 1602 worth today?
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Source: Dubai Land Department. Updated 25 August 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,102 sqft
- Floor
- 16th of 39
- Parking
- B1-086 , B1-087
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 40,300 /yr
- Last sold
- AED 5.9M · August 2025
- Building
- South Ridge Towers 1
About 1602, South Ridge Towers 1
1602 is a three-bedroom apartment of 2,102 sqft on the 16th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 25 August 2025 for AED 5,900,000, or AED 2,806 per sqft, 17% above the AED 2,408 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 31 August 2024, is AED 240,000 a year: a gross yield of 4.1% on the 2025 price, before the service charge of about AED 40,300 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; 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 1602 sits
All 39 3-beds →1602 last sold in August 2025 at AED 2,806 per sqft, 17% above what three-beds in South Ridge Towers 1 were fetching at the time (AED 2,408). 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. 1602's AED 240,000 is in the upper 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 16th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,491 sqft | AED 1.24MAED 1,236,642 · May 2009May 2009 | 127,000 /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 |
1602, South Ridge Towers 1 in numbers
- Sold 3 times: first on 16 June 2010 for AED 2,166,888, last on 25 August 2025 for AED 5,900,000 (AED 2,806 per sqft).
- Rented since April 2012 on 7 Ejari contracts, from AED 165,000 to AED 240,000 a year.
- At AED 240,000 a year the gross yield on the 2025 price is 4.1%, 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 25 August 2025.
Questions about 1602, South Ridge Towers 1
What did unit 1602 last sell for?
AED 5,900,000 on 25 August 2025: AED 2,806 per sqft for 2,102 sqft. The unit has 3 registered sales; the first was AED 2,166,888 in June 2010.
What is the rent for unit 1602?
AED 240,000 a year on the contract renewed on 31 August 2024. The previous contract, from August 2023, was AED 210,000; the unit has been rented since April 2012.
How big is unit 1602?
2,102 sqft (195.3 sqm): a three-bedroom apartment on the 16th floor of a 39-storey tower completed in 2008.
What is unit 1602 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 1602, South Ridge Towers 1
Starts from the last sale price (AED 5.9M, 25 August 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 5,900,000
- Deposit, UAE resident (20%)
- AED 1,180,000
- Deposit, non-resident (40%)
- AED 2,360,000
- Monthly over 25 years at 3.7%
- AED 24,139
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →