3-bed · 3,077 sqftSouth Ridge Towers 1, Downtown Dubai · 39th floor · completed 2008

3901, South Ridge Towers 1

Sold prices and rental history: sold twice, last in January 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3901 · DLD and Ejari recordsUpdated 1 July 2023
Last soldAED 6.9M23 January 2013
Current rentAED 259K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3901, South Ridge Towers 1

What is 3901 worth today?

Last sold for AED 6,900,000 in 2013

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1 Jul 2023RentedRenewal
AED 258,750/yr6 months · AED 84 per sqft
1 Jul 2022RentedRenewal
AED 225,000/yr12 months · AED 73 per sqft
1 Jul 2021RentedRenewal
AED 217,000/yr12 months · AED 70 per sqft
22 Apr 2021RentedNew contract
AED 270,261/yr2 months · AED 88 per sqft
22 Apr 2020RentedRenewal
AED 270,000/yr12 months · AED 88 per sqft
22 Apr 2019RentedRenewal
AED 280,000/yr12 months · AED 91 per sqft
22 Apr 2018RentedNew contract
AED 284,000/yr12 months · AED 92 per sqft
10 Mar 2015RentedNew contract
AED 350,000/yr24 months · AED 114 per sqft

Source: Dubai Land Department. Updated 1 July 2023.

Key facts

Type
3-bed apartment
Size
3,077 sqft
Floor
39th of 39
Parking
L1-007 , L1-008
Developer
Emaar
Completed
2008
Service charge
AED 59,000 /yr
Last sold
AED 6.9M · January 2013

About 3901, South Ridge Towers 1

3901 is a three-bedroom apartment of 3,077 sqft on the 39th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 23 January 2013 for AED 6,900,000, or AED 2,242 per sqft, 44% above the AED 1,555 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 258,750 a year: a gross yield of 3.8% on the 2013 price, before the service charge of about AED 59,000 a year.

Sales and rents for 3901 over time

Sales
Unit 3901, each saleTypical three-bed in South Ridge Towers 1
2.5M5M7.5M2009201420192024Typical 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, December 2009: AED 4,287,291 (AED 1,393 per sqft)Sold, January 2013: AED 6,900,000 (AED 2,242 per sqft)

3901 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3901, each contractTypical three-bed in South Ridge Towers 1
200K300K2012201620202024Typical 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 225,000New contract, February 2012: AED 280,000 a yearNew contract, March 2015: AED 350,000 a yearNew contract, April 2018: AED 284,000 a yearRenewal, April 2019: AED 280,000 a yearRenewal, April 2020: AED 270,000 a yearNew contract, April 2021: AED 270,261 a yearRenewal, July 2021: AED 217,000 a yearRenewal, July 2022: AED 225,000 a yearRenewal, July 2023: AED 258,750 a year

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 3901 sits

All 39 3-beds →

3901 last sold in January 2013 at AED 2,242 per sqft, 44% above what three-beds in South Ridge Towers 1 were fetching at the time (AED 1,555). 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. 3901's AED 258,750 is in the upper half of that range.

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 39th floor

All 188 units in South Ridge Towers 1
Value
39023-bedAED 7M · Jun 2022

3901, South Ridge Towers 1 in numbers

  • Sold twice: first on 24 December 2009 for AED 4,287,291, last on 23 January 2013 for AED 6,900,000 (AED 2,242 per sqft).
  • Rented since February 2012 on 9 Ejari contracts. The rent fell from AED 280,000 to AED 217,000 in 2021 and recovered to AED 258,750 by July 2023.
  • At AED 258,750 a year the gross yield on the 2013 price is 3.8%, before a service charge of about AED 59,000 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 2023.

Questions about 3901, South Ridge Towers 1

What did unit 3901 last sell for?

AED 6,900,000 on 23 January 2013: AED 2,242 per sqft for 3,077 sqft. The unit has 2 registered sales; the first was AED 4,287,291 in December 2009.

What is the rent for unit 3901?

AED 258,750 a year on the contract renewed on 1 July 2023. The previous contract, from July 2022, was AED 225,000; the unit has been rented since February 2012.

How big is unit 3901?

3,077 sqft (285.9 sqm): a three-bedroom apartment on the 39th floor of a 39-storey tower completed in 2008.

What is unit 3901 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 3901, South Ridge Towers 1

Starts from the last sale price (AED 6.9M, 23 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 6,900,000
Deposit, UAE resident (20%)
AED 1,380,000
Deposit, non-resident (40%)
AED 2,760,000
Monthly over 25 years at 3.7%
AED 28,230

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