2402, South Ridge Towers 1
Sold prices and rental history: sold 3 times, last in June 2024, 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 2402, South Ridge Towers 1
What is 2402 worth today?
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Source: Dubai Land Department. Updated 23 July 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,102 sqft
- Floor
- 24th of 39
- Parking
- L1-013 , L1-014
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 40,300 /yr
- Last sold
- AED 4.7M · June 2024
- Building
- South Ridge Towers 1
About 2402, South Ridge Towers 1
2402 is a three-bedroom apartment of 2,102 sqft on the 24th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 13 June 2024 for AED 4,700,000, or AED 2,235 per sqft, in line with the AED 2,188 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 23 July 2024, is AED 262,500 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 40,300 a year.
Sales and rents for 2402 over time
2402 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 2402 sits
All 39 3-beds →2402 last sold in June 2024 at AED 2,235 per sqft, in line with what three-beds in South Ridge Towers 1 were fetching at the time (AED 2,188). 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. 2402's AED 262,500 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 24th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,491 sqft | AED 2.88MAED 2,880,000 · Dec 2024December 2024 | 175,000 /yr | |
| 2403 | 2-bed | 1,635 sqft | AED 1.92MAED 1,915,500 · Oct 2010October 2010 | 180,000 /yr | |
| 2404 | 1-bed | 915 sqft | AED 1.3MAED 1,300,000 · Mar 2018March 2018 | 90,000 /yr | |
| 2405 | 1-bed | 1,060 sqft | AED 1.08MAED 1,075,000 · Feb 2021February 2021 | 95,000 /yr |
2402, South Ridge Towers 1 in numbers
- Sold 3 times: first on 29 June 2010 for AED 2,971,888, last on 13 June 2024 for AED 4,700,000 (AED 2,235 per sqft).
- Rented since September 2013 on 8 Ejari contracts. The rent fell from AED 240,000 to AED 145,000 in 2020 and recovered to AED 262,500 by July 2024.
- At AED 262,500 a year the gross yield on the 2024 price is 5.6%, 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 23 July 2024.
Questions about 2402, South Ridge Towers 1
What did unit 2402 last sell for?
AED 4,700,000 on 13 June 2024: AED 2,235 per sqft for 2,102 sqft. The unit has 3 registered sales; the first was AED 2,971,888 in June 2010.
What is the rent for unit 2402?
AED 262,500 a year on the contract renewed on 23 July 2024. The previous contract, from July 2023, was AED 250,000; the unit has been rented since September 2013.
How big is unit 2402?
2,102 sqft (195.3 sqm): a three-bedroom apartment on the 24th floor of a 39-storey tower completed in 2008.
What is unit 2402 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 2402, South Ridge Towers 1
Starts from the last sale price (AED 4.7M, 13 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,700,000
- Deposit, UAE resident (20%)
- AED 940,000
- Deposit, non-resident (40%)
- AED 1,880,000
- Monthly over 25 years at 3.7%
- AED 19,229
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →