2405, South Ridge Towers 1
Sold prices and rental history: sold 3 times, last in February 2021, 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 2405, South Ridge Towers 1
What is 2405 worth today?
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Source: Dubai Land Department. Updated 9 February 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 1,060 sqft
- Floor
- 24th of 39
- Parking
- B2-070
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 20,300 /yr
- Last sold
- AED 1.08M · February 2021
- Building
- South Ridge Towers 1
About 2405, South Ridge Towers 1
2405 is a one-bedroom apartment of 1,060 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 9 February 2021 for AED 1,075,000, or AED 1,014 per sqft, in line with the AED 1,014 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 2 December 2018, is AED 95,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 20,300 a year.
Sales and rents for 2405 over time
2405 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in South Ridge Towers 1, and where 2405 sits
All 73 1-beds →2405 last sold in February 2021 at AED 1,014 per sqft, in line with what one-beds in South Ridge Towers 1 were fetching at the time (AED 1,014). Over the last 12 months one-beds sold for AED 1,770,000 to 1,825,000, around AED 1,828 per sqft, and rent for AED 50,000 to 160,000 a year. 2405's AED 95,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 915 sqft | 1,770,000 | 1,934 | ||
| 25 Jun 202625 June 2026 | 1,060 sqft | 1,825,000 | 1,721 | ||
| 5 Nov 20255 November 2025 | 915 sqft | 1,825,000 | 1,994 | ||
| 16 Sep 202516 September 2025 | 959 sqft | 1,900,000 | 1,981 |
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 | |
| 2402 | 3-bed | 2,102 sqft | AED 4.7MAED 4,700,000 · Jun 2024June 2024 | 262,500 /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, South Ridge Towers 1 in numbers
- Sold 3 times: first on 16 June 2010 for AED 1,931,888, last on 9 February 2021 for AED 1,075,000 (AED 1,014 per sqft).
- Rented since November 2013 on 5 Ejari contracts, from AED 105,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 20,300 a year (AED 19.17 per sqft).
- One-beds in South Ridge Towers 1 sold for AED 1,770,000–1,825,000 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 9 February 2021.
Questions about 2405, South Ridge Towers 1
What did unit 2405 last sell for?
AED 1,075,000 on 9 February 2021: AED 1,014 per sqft for 1,060 sqft. The unit has 3 registered sales; the first was AED 1,931,888 in June 2010.
What is the rent for unit 2405?
AED 95,000 a year on the contract signed on 2 December 2018. The previous contract, from December 2017, was AED 110,000; the unit has been rented since November 2013.
How big is unit 2405?
1,060 sqft (98.5 sqm): a one-bedroom apartment on the 24th floor of a 39-storey tower completed in 2008.
What is unit 2405 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in South Ridge Towers 1 sold for AED 1,770,000 to 1,825,000 in the last 12 months, around AED 1,828 per sqft.
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Mortgage on 2405, South Ridge Towers 1
Starts from the last sale price (AED 1.08M, 9 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,075,000
- Deposit, UAE resident (20%)
- AED 215,000
- Deposit, non-resident (40%)
- AED 430,000
- Monthly over 25 years at 3.7%
- AED 4,398
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →