2203, South Ridge Towers 1
Sold prices and rental history: sold 3 times, last in January 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2203, South Ridge Towers 1
What is 2203 worth today?
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Source: Dubai Land Department. Updated 4 January 2018.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 22nd of 39
- Parking
- B2-017
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,300 /yr
- Last sold
- AED 2.8M · January 2018
- Building
- South Ridge Towers 1
About 2203, South Ridge Towers 1
2203 is a two-bedroom apartment of 1,635 sqft on the 22nd floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 4 January 2018 for AED 2,800,000, or AED 1,712 per sqft, 6% above the AED 1,609 two-beds in the building were fetching at the time.
It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 25 May 2016, is AED 175,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 31,300 a year.
Sales and rents for 2203 over time
2203 has sold 3 times; 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 2203 sits
All 76 2-beds →2203 last sold in January 2018 at AED 1,712 per sqft, 6% above what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,609). 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. 2203's AED 175,000 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 22nd floor
All 188 units in South Ridge Towers 12203, South Ridge Towers 1 in numbers
- Sold 3 times: first on 17 December 2009 for AED 1,941,888, last on 4 January 2018 for AED 2,800,000 (AED 1,712 per sqft).
- Rented since October 2013 on 3 Ejari contracts, from AED 175,748 to AED 175,000 a year.
- At AED 175,000 a year the gross yield on the 2018 price is 6.3%, 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 4 January 2018.
Questions about 2203, South Ridge Towers 1
What did unit 2203 last sell for?
AED 2,800,000 on 4 January 2018: AED 1,712 per sqft for 1,635 sqft. The unit has 3 registered sales; the first was AED 1,941,888 in December 2009.
What is the rent for unit 2203?
AED 175,000 a year on the contract signed on 25 May 2016. The previous contract, from August 2014, was AED 190,000; the unit has been rented since October 2013.
How big is unit 2203?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 22nd floor of a 39-storey tower completed in 2008.
What is unit 2203 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 2203, South Ridge Towers 1
Starts from the last sale price (AED 2.8M, 4 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →