3701, South Ridge Towers 1
Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3701, South Ridge Towers 1
What is 3701 worth today?
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Source: Dubai Land Department. Updated 6 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,491 sqft
- Floor
- 37th of 39
- Parking
- B2-061
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 28,600 /yr
- Last sold
- AED 2.85M · November 2024
- Building
- South Ridge Towers 1
About 3701, South Ridge Towers 1
3701 is a two-bedroom apartment of 1,491 sqft on the 37th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 6 November 2024 for AED 2,850,000, or AED 1,911 per sqft, 4% below the AED 1,995 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 20 December 2023, is AED 180,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 28,600 a year.
Sales and rents for 3701 over time
3701 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 3701 sits
All 76 2-beds →3701 last sold in November 2024 at AED 1,911 per sqft, 4% below what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,995). 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. 3701's AED 180,000 is in the lower half 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 37th floor
All 188 units in South Ridge Towers 13701, South Ridge Towers 1 in numbers
- Sold twice: first on 1 July 2010 for AED 4,500,000, last on 6 November 2024 for AED 2,850,000 (AED 1,911 per sqft).
- Rented since October 2014 on 5 Ejari contracts. The rent fell from AED 160,000 to AED 130,000 in 2021 and recovered to AED 180,000 by December 2023.
- At AED 180,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 28,600 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 6 November 2024.
Questions about 3701, South Ridge Towers 1
What did unit 3701 last sell for?
AED 2,850,000 on 6 November 2024: AED 1,911 per sqft for 1,491 sqft. The unit has 2 registered sales; the first was AED 4,500,000 in July 2010.
What is the rent for unit 3701?
AED 180,000 a year on the contract renewed on 20 December 2023. The previous contract, from December 2022, was AED 158,000; the unit has been rented since October 2014.
How big is unit 3701?
1,491 sqft (138.5 sqm): a two-bedroom apartment on the 37th floor of a 39-storey tower completed in 2008.
What is unit 3701 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 3701, South Ridge Towers 1
Starts from the last sale price (AED 2.85M, 6 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,850,000
- Deposit, UAE resident (20%)
- AED 570,000
- Deposit, non-resident (40%)
- AED 1,140,000
- Monthly over 25 years at 3.7%
- AED 11,660
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →