1603, South Ridge Towers 1
Sold prices and rental history: sold twice, last in May 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, South Ridge Towers 1
What is 1603 worth today?
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Source: Dubai Land Department. Updated 23 May 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 16th of 39
- Parking
- B2-011
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,300 /yr
- Last sold
- AED 2.5M · May 2021
- Building
- South Ridge Towers 1
About 1603, South Ridge Towers 1
1603 is a two-bedroom apartment of 1,635 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 23 May 2021 for AED 2,500,000, or AED 1,529 per sqft, 39% above the AED 1,103 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 November 2020, is AED 115,000 a year: a gross yield of 4.6% on the 2021 price, before the service charge of about AED 31,300 a year.
Sales and rents for 1603 over time
1603 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 1603 sits
All 76 2-beds →1603 last sold in May 2021 at AED 1,529 per sqft, 39% above what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,103). 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. 1603's AED 115,000 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 | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,491 sqft | AED 1.24MAED 1,236,642 · May 2009May 2009 | 127,000 /yr | |
| 1602 | 3-bed | 2,102 sqft | AED 5.9MAED 5,900,000 · Aug 2025August 2025 | 240,000 /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 |
1603, South Ridge Towers 1 in numbers
- Sold twice: first on 3 March 2009 for AED 1,874,888, last on 23 May 2021 for AED 2,500,000 (AED 1,529 per sqft).
- Rented since April 2015 on 5 Ejari contracts, from AED 192,500 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2021 price is 4.6%, 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 23 May 2021.
Questions about 1603, South Ridge Towers 1
What did unit 1603 last sell for?
AED 2,500,000 on 23 May 2021: AED 1,529 per sqft for 1,635 sqft. The unit has 2 registered sales; the first was AED 1,874,888 in March 2009.
What is the rent for unit 1603?
AED 115,000 a year on the contract signed on 1 November 2020. The previous contract, from May 2019, was AED 150,000; the unit has been rented since April 2015.
How big is unit 1603?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 16th floor of a 39-storey tower completed in 2008.
What is unit 1603 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 1603, South Ridge Towers 1
Starts from the last sale price (AED 2.5M, 23 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →