2302, South Ridge Towers 1
Sold prices and rental history: sold 4 times, last in July 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2302, South Ridge Towers 1
What is 2302 worth today?
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Source: Dubai Land Department. Updated 20 July 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,102 sqft
- Floor
- 23rd of 39
- Parking
- B1-007 , B1-008
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 40,300 /yr
- Last sold
- AED 4.25M · July 2023
- Building
- South Ridge Towers 1
About 2302, South Ridge Towers 1
2302 is a three-bedroom apartment of 2,102 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 20 July 2023 for AED 4,250,000, or AED 2,021 per sqft, 13% above the AED 1,785 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 26 October 2022, is AED 190,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 40,300 a year.
Sales and rents for 2302 over time
2302 has sold 4 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 2302 sits
All 39 3-beds →2302 last sold in July 2023 at AED 2,021 per sqft, 13% above what three-beds in South Ridge Towers 1 were fetching at the time (AED 1,785). 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. 2302's AED 190,000 is in the lower 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 23rd floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 2-bed | 1,491 sqft | AED 2.6MAED 2,600,000 · Oct 2015October 2015 | 165,000 /yr | |
| 2303 | 2-bed | 1,635 sqft | AED 4.15MAED 4,150,000 · Apr 2026April 2026 | 122,400 /yr | |
| 2304 | 1-bed | 915 sqft | AED 904KAED 903,888 · Oct 2011October 2011 | 115,000 /yr | |
| 2305 | 1-bed | 1,060 sqft | AED 2.05MAED 2,050,000 · Sep 2014September 2014 | 107,000 /yr |
2302, South Ridge Towers 1 in numbers
- Sold 4 times: first on 24 January 2011 for AED 2,206,888, last on 20 July 2023 for AED 4,250,000 (AED 2,021 per sqft).
- Rented since October 2013 on 10 Ejari contracts. The rent fell from AED 223,500 to AED 165,000 in 2020 and recovered to AED 190,000 by October 2022.
- At AED 190,000 a year the gross yield on the 2023 price is 4.5%, 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 20 July 2023.
Questions about 2302, South Ridge Towers 1
What did unit 2302 last sell for?
AED 4,250,000 on 20 July 2023: AED 2,021 per sqft for 2,102 sqft. The unit has 4 registered sales; the first was AED 2,206,888 in January 2011.
What is the rent for unit 2302?
AED 190,000 a year on the contract renewed on 26 October 2022. The previous contract, from October 2021, was AED 180,000; the unit has been rented since October 2013.
How big is unit 2302?
2,102 sqft (195.3 sqm): a three-bedroom apartment on the 23rd floor of a 39-storey tower completed in 2008.
What is unit 2302 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 2302, South Ridge Towers 1
Starts from the last sale price (AED 4.25M, 20 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,250,000
- Deposit, UAE resident (20%)
- AED 850,000
- Deposit, non-resident (40%)
- AED 1,700,000
- Monthly over 25 years at 3.7%
- AED 17,388
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →