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3-bed · 2,102 sqftSouth Ridge Towers 1, Downtown Dubai · 35th floor · completed 2008

3502, South Ridge Towers 1

Sold prices and rental history: sold 3 times, last in November 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3502 · DLD and Ejari recordsUpdated 7 November 2012
Last soldAED 3.73M7 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3502, South Ridge Towers 1

What is 3502 worth today?

Last sold for AED 3,725,000 in 2012

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7 Nov 2012SoldReady
AED 3,725,000AED 1,772 per sqft
14 Aug 2012SoldReady
AED 3,500,000AED 1,665 per sqft
24 Jun 2010Sold by developerReady
AED 2,471,452AED 1,175 per sqft

Source: Dubai Land Department. Updated 7 November 2012.

Key facts

Type
3-bed apartment
Size
2,102 sqft
Floor
35th of 39
Parking
B1-018 , B1-019
Developer
Emaar
Completed
2008
Service charge
AED 40,300 /yr
Last sold
AED 3.73M · November 2012
Building
South Ridge Towers 1

About 3502, South Ridge Towers 1

3502 is a three-bedroom apartment of 2,102 sqft on the 35th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 7 November 2012 for AED 3,725,000, or AED 1,772 per sqft, 25% above the AED 1,417 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3502 over time

Sales
Unit 3502, each saleTypical three-bed in South Ridge Towers 1
2M4M2009201420192024Typical sale price by year: 2009 AED 2,704,000; 2010 AED 2,503,170; 2011 AED 2,284,888; 2012 AED 3,160,000; 2013 AED 4,030,000; 2015 AED 4,875,000; 2019 AED 2,225,186; 2021 AED 3,000,000; 2022 AED 3,325,000; 2023 AED 3,950,000; 2024 AED 4,800,000; 2025 AED 4,950,000; 2026 AED 5,350,000Sold by developer, June 2010: AED 2,471,452 (AED 1,175 per sqft)Sold, August 2012: AED 3,500,000 (AED 1,665 per sqft)Sold, November 2012: AED 3,725,000 (AED 1,772 per sqft)

3502 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3502, each contractTypical three-bed in South Ridge Towers 1
150K200K250K2012201620202024Typical rent by year: 2012 AED 190,000; 2013 AED 220,000; 2014 AED 232,500; 2015 AED 245,000; 2016 AED 239,842; 2017 AED 220,000; 2018 AED 192,500; 2019 AED 167,500; 2020 AED 156,250; 2021 AED 175,000; 2022 AED 199,464; 2023 AED 240,000; 2024 AED 245,000; 2025 AED 250,000; 2026 AED 225,000

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 3502 sits

All 39 3-beds →

3502 last sold in November 2012 at AED 1,772 per sqft, 25% above what three-beds in South Ridge Towers 1 were fetching at the time (AED 1,417). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
12 Oct 20266,130,000
17 Aug 20265,350,000
11 Jun 20263,516,934
11 Sep 20254,950,000
3 3-bed sales in the last 12 months

South Ridge Towers 1

Building

188 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%
South Ridge Towers 1, Downtown Dubai: prices, sales and rents →

Other units on the 35th floor

All 188 units in South Ridge Towers 1
Value
35012-bedAED 1.74M · Mar 2021
35032-bedAED 2M · Aug 2020
35041-bedAED 980K · Feb 2021
35051-bedAED 1.05M · Feb 2011

3502, South Ridge Towers 1 in numbers

  • Sold 3 times: first on 24 June 2010 for AED 2,471,452, last on 7 November 2012 for AED 3,725,000 (AED 1,772 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 7 November 2012.

Questions about 3502, South Ridge Towers 1

What did unit 3502 last sell for?

AED 3,725,000 on 7 November 2012: AED 1,772 per sqft for 2,102 sqft. The unit has 3 registered sales; the first was AED 2,471,452 in June 2010.

How big is unit 3502?

2,102 sqft (195.3 sqm): a three-bedroom apartment on the 35th floor of a 39-storey tower completed in 2008.

What is unit 3502 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 3502, South Ridge Towers 1

Starts from the last sale price (AED 3.73M, 7 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 3,725,000
Deposit, UAE resident (20%)
AED 745,000
Deposit, non-resident (40%)
AED 1,490,000
Monthly over 25 years at 3.7%
AED 15,240

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →