303, South Ridge Towers 1
Sold prices and rental history: sold twice, last in November 2022, 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 303, South Ridge Towers 1
What is 303 worth today?
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Source: Dubai Land Department. Updated 8 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,638 sqft
- Floor
- 3rd of 39
- Parking
- B2-067
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,400 /yr
- Last sold
- AED 2.8M · November 2022
- Building
- South Ridge Towers 1
About 303, South Ridge Towers 1
303 is a two-bedroom apartment of 1,638 sqft on the 3rd floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 8 November 2022 for AED 2,800,000, or AED 1,709 per sqft, 20% above the AED 1,419 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 27 June 2022, is AED 122,850 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 31,400 a year.
Sales and rents for 303 over time
303 has sold twice; the dashed line is the two-bed median of each year in the building.
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 303 sits
All 76 2-beds →303 last sold in November 2022 at AED 1,709 per sqft, 20% above what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,419). 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. 303's AED 122,850 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jul 202622 July 2026 | 1,491 sqft | 3,025,000 | 2,028 | ||
| 24 Apr 202624 April 2026 | 1,635 sqft | 4,150,000 | 2,538 | ||
| 15 Apr 202615 April 2026 | 1,491 sqft | 3,250,000 | 2,179 | ||
| 11 Mar 202611 March 2026 | 1,488 sqft | 3,050,000 | 2,049 |
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 3rd floor
All 188 units in South Ridge Towers 1303, South Ridge Towers 1 in numbers
- Sold twice: first on 28 December 2011 for AED 1,784,566, last on 8 November 2022 for AED 2,800,000 (AED 1,709 per sqft).
- Rented since February 2013 on 11 Ejari contracts, from AED 125,000 to AED 122,850 a year.
- At AED 122,850 a year the gross yield on the 2022 price is 4.4%, before a service charge of about AED 31,400 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 8 November 2022.
Questions about 303, South Ridge Towers 1
What did unit 303 last sell for?
AED 2,800,000 on 8 November 2022: AED 1,709 per sqft for 1,638 sqft. The unit has 2 registered sales; the first was AED 1,784,566 in December 2011.
What is the rent for unit 303?
AED 122,850 a year on the contract renewed on 27 June 2022. The previous contract, from June 2021, was AED 117,000; the unit has been rented since February 2013.
How big is unit 303?
1,638 sqft (152.2 sqm): a two-bedroom apartment on the 3rd floor of a 39-storey tower completed in 2008.
What is unit 303 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 303, South Ridge Towers 1
Starts from the last sale price (AED 2.8M, 8 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →