3-bed · 3,621 sqftSouth Ridge Towers 1, Downtown Dubai · 39th floor · completed 2008

3902, South Ridge Towers 1

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3902 · DLD and Ejari recordsUpdated 1 June 2022
Last soldAED 7M1 June 2022
Current rentAED 220K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3902, South Ridge Towers 1

What is 3902 worth today?

Last sold for AED 7,000,000 in 2022

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1 Jun 2022SoldReady
AED 7,000,000AED 1,933 per sqft
1 Nov 2020RentedNew contract
AED 220,000/yr36 months · AED 61 per sqft
15 Mar 2020RentedRenewal
AED 290,000/yr12 months · AED 80 per sqft
15 Mar 2019RentedRenewal
AED 290,000/yr12 months · AED 80 per sqft
15 Mar 2018RentedRenewal
AED 290,000/yr12 months · AED 80 per sqft
15 Mar 2017RentedNew contract
AED 300,000/yr12 months · AED 83 per sqft
24 Mar 2013SoldReady
AED 7,275,000AED 2,009 per sqft
12 Oct 2011Sold by developerReady
AED 2,166,444AED 598 per sqft

Source: Dubai Land Department. Updated 1 June 2022.

Key facts

Type
3-bed apartment
Size
3,621 sqft
Floor
39th of 39
Parking
L1-040 , L1-041
Developer
Emaar
Completed
2008
Service charge
AED 69,400 /yr
Last sold
AED 7M · June 2022

About 3902, South Ridge Towers 1

3902 is a three-bedroom apartment of 3,621 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 1 June 2022 for AED 7,000,000, or AED 1,933 per sqft, 35% above the AED 1,434 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 1 November 2020, is AED 220,000 a year: a gross yield of 3.1% on the 2022 price, before the service charge of about AED 69,400 a year.

Sales and rents for 3902 over time

Sales
Unit 3902, 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, October 2011: AED 2,166,444 (AED 598 per sqft)Sold, March 2013: AED 7,275,000 (AED 2,009 per sqft)Sold, June 2022: AED 7,000,000 (AED 1,933 per sqft)

3902 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3902, 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, March 2017: AED 300,000 a yearRenewal, March 2018: AED 290,000 a yearRenewal, March 2019: AED 290,000 a yearRenewal, March 2020: AED 290,000 a yearNew contract, November 2020: AED 220,000 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 3902 sits

All 39 3-beds →

3902 last sold in June 2022 at AED 1,933 per sqft, 35% above what three-beds in South Ridge Towers 1 were fetching at the time (AED 1,434). 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. 3902's AED 220,000 is in the lower 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
39013-bedAED 6.9M · Jan 2013

3902, South Ridge Towers 1 in numbers

  • Sold 3 times: first on 12 October 2011 for AED 2,166,444, last on 1 June 2022 for AED 7,000,000 (AED 1,933 per sqft).
  • Rented since March 2017 on 5 Ejari contracts, from AED 300,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2022 price is 3.1%, before a service charge of about AED 69,400 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 June 2022.

Questions about 3902, South Ridge Towers 1

What did unit 3902 last sell for?

AED 7,000,000 on 1 June 2022: AED 1,933 per sqft for 3,621 sqft. The unit has 3 registered sales; the first was AED 2,166,444 in October 2011.

What is the rent for unit 3902?

AED 220,000 a year on the contract signed on 1 November 2020. The previous contract, from March 2020, was AED 290,000; the unit has been rented since March 2017.

How big is unit 3902?

3,621 sqft (336.4 sqm): a three-bedroom apartment on the 39th floor of a 39-storey tower completed in 2008.

What is unit 3902 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 3902, South Ridge Towers 1

Starts from the last sale price (AED 7M, 1 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 7,000,000
Deposit, UAE resident (20%)
AED 1,400,000
Deposit, non-resident (40%)
AED 2,800,000
Monthly over 25 years at 3.7%
AED 28,639

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