2902, South Ridge Towers 1
Sold prices and rental history: sold twice, last in July 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2902, South Ridge Towers 1
What is 2902 worth today?
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Source: Dubai Land Department. Updated 1 July 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 2,102 sqft
- Floor
- 29th of 39
- Parking
- B1-022 , B1-023
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 40,300 /yr
- Last sold
- AED 3M · July 2019
- Building
- South Ridge Towers 1
About 2902, South Ridge Towers 1
2902 is a three-bedroom apartment of 2,102 sqft on the 29th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 2 July 2019 for AED 3,000,000, or AED 1,427 per sqft, 3% above the AED 1,379 three-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 280,000 a year: a gross yield of 9.3% on the 2019 price, before the service charge of about AED 40,300 a year.
Sales and rents for 2902 over time
2902 has sold twice; 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 2902 sits
All 39 3-beds →2902 last sold in July 2019 at AED 1,427 per sqft, 3% above what three-beds in South Ridge Towers 1 were fetching at the time (AED 1,379). 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. 2902's AED 280,000 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 29th floor
All 188 units in South Ridge Towers 12902, South Ridge Towers 1 in numbers
- Sold twice: first on 30 June 2010 for AED 2,325,888, last on 2 July 2019 for AED 3,000,000 (AED 1,427 per sqft).
- Rented since September 2015 on 6 Ejari contracts. The rent fell from AED 250,000 to AED 24,000 in 2018 and recovered to AED 280,000 by July 2022.
- At AED 280,000 a year the gross yield on the 2019 price is 9.3%, 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 1 July 2022.
Questions about 2902, South Ridge Towers 1
What did unit 2902 last sell for?
AED 3,000,000 on 2 July 2019: AED 1,427 per sqft for 2,102 sqft. The unit has 2 registered sales; the first was AED 2,325,888 in June 2010.
What is the rent for unit 2902?
AED 280,000 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 280,000; the unit has been rented since September 2015.
How big is unit 2902?
2,102 sqft (195.3 sqm): a three-bedroom apartment on the 29th floor of a 39-storey tower completed in 2008.
What is unit 2902 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 2902, South Ridge Towers 1
Starts from the last sale price (AED 3M, 2 July 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →