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2-bed · 1,491 sqftSouth Ridge Towers 1, Downtown Dubai · 23rd floor · completed 2008

2301, South Ridge Towers 1

Sold prices and rental history: sold twice, last in October 2015, and rented once, from October 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 1 October 2015
Last soldAED 2.6M1 October 2015
Current rentAED 165K /yr1 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2301, South Ridge Towers 1

What is 2301 worth today?

Last sold for AED 2,600,000 in 2015

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1 Oct 2015SoldReady
AED 2,600,000AED 1,743 per sqft
1 Oct 2014RentedNew contract
AED 165,000/yr12 months · AED 110 per sqft
23 Mar 2010Sold by developerReady
AED 1,277,652AED 856 per sqft

Source: Dubai Land Department. Updated 1 October 2015.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
23rd of 39
Parking
B1-108
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 2.6M · October 2015
Building
South Ridge Towers 1

About 2301, South Ridge Towers 1

2301 is a two-bedroom apartment of 1,491 sqft on the 23rd floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 1 October 2015 for AED 2,600,000, or AED 1,743 per sqft, 12% below the AED 1,978 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2014. The current contract, signed on 1 October 2014, is AED 165,000 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 28,600 a year.

Sales and rents for 2301 over time

Sales
Unit 2301, each saleTypical two-bed in South Ridge Towers 1
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,706,944; 2009 AED 1,473,060; 2010 AED 1,915,500; 2011 AED 2,005,946; 2012 AED 1,949,944; 2013 AED 2,300,000; 2014 AED 3,400,000; 2015 AED 2,650,000; 2016 AED 2,462,500; 2017 AED 2,337,500; 2018 AED 2,800,000; 2020 AED 1,634,550; 2021 AED 2,077,000; 2022 AED 2,200,000; 2023 AED 2,600,000; 2024 AED 2,865,000; 2025 AED 3,000,000; 2026 AED 3,150,000Sold by developer, March 2010: AED 1,277,652 (AED 856 per sqft)Sold, October 2015: AED 2,600,000 (AED 1,743 per sqft)

2301 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2301, each contractTypical two-bed in South Ridge Towers 1
150K2012201620202024Typical rent by year: 2012 AED 132,500; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 166,000; 2016 AED 167,265; 2017 AED 160,000; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 116,000; 2021 AED 115,001; 2022 AED 124,000; 2023 AED 150,000; 2024 AED 170,000; 2025 AED 177,500; 2026 AED 170,000New contract, October 2014: AED 165,000 a year

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 2301 sits

All 76 2-beds →

2301 last sold in October 2015 at AED 1,743 per sqft, 12% below what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,978). 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. 2301's AED 165,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jul 20263,025,000
24 Apr 20264,150,000
15 Apr 20263,250,000
11 Mar 20263,050,000
6 2-bed sales in the last 12 months

South Ridge Towers 1

Building

188 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%
South Ridge Towers 1, Downtown Dubai: prices, sales and rents →

Other units on the 23rd floor

All 188 units in South Ridge Towers 1
Value
23023-bedAED 4.25M · Jul 2023
23032-bedAED 4.15M · Apr 2026
23041-bedAED 904K · Oct 2011
23051-bedAED 2.05M · Sep 2014

2301, South Ridge Towers 1 in numbers

  • Sold twice: first on 23 March 2010 for AED 1,277,652, last on 1 October 2015 for AED 2,600,000 (AED 1,743 per sqft).
  • Rented since October 2014 on one Ejari contract, at AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2015 price is 6.3%, 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 1 October 2015.

Questions about 2301, South Ridge Towers 1

What did unit 2301 last sell for?

AED 2,600,000 on 1 October 2015: AED 1,743 per sqft for 1,491 sqft. The unit has 2 registered sales; the first was AED 1,277,652 in March 2010.

What is the rent for unit 2301?

AED 165,000 a year on the contract signed on 1 October 2014.

How big is unit 2301?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 23rd floor of a 39-storey tower completed in 2008.

What is unit 2301 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 2301, South Ridge Towers 1

Starts from the last sale price (AED 2.6M, 1 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →