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2-bed · 1,491 sqftSouth Ridge Towers 1, Downtown Dubai · 4th floor · completed 2008

401, South Ridge Towers 1

Sold prices and rental history: sold 3 times, last in July 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 2 July 2013
Last soldAED 2.45M2 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, South Ridge Towers 1

What is 401 worth today?

Last sold for AED 2,450,000 in 2013

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2 Jul 2013SoldReady
AED 2,450,000AED 1,643 per sqft
10 Jun 2013SoldReady
AED 2,125,000AED 1,425 per sqft
26 Nov 2008Sold by developerReady
AED 1,170,888AED 785 per sqft

Source: Dubai Land Department. Updated 2 July 2013.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
4th of 39
Parking
B1-067
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 2.45M · July 2013
Building
South Ridge Towers 1

About 401, South Ridge Towers 1

401 is a two-bedroom apartment of 1,491 sqft on the 4th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 2 July 2013 for AED 2,450,000, or AED 1,643 per sqft, 15% above the AED 1,427 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in South Ridge Towers 1
2M2008201320182023Typical sale price by year: 2008 AED 1,706,944; 2009 AED 1,473,060; 2010 AED 1,915,500; 2011 AED 2,005,946; 2012 AED 1,949,944; 2013 AED 2,300,000; 2014 AED 3,400,000; 2015 AED 2,650,000; 2016 AED 2,462,500; 2017 AED 2,337,500; 2018 AED 2,800,000; 2020 AED 1,634,550; 2021 AED 2,077,000; 2022 AED 2,200,000; 2023 AED 2,600,000; 2024 AED 2,865,000; 2025 AED 3,000,000; 2026 AED 3,150,000Sold by developer, November 2008: AED 1,170,888 (AED 785 per sqft)Sold, June 2013: AED 2,125,000 (AED 1,425 per sqft)Sold, July 2013: AED 2,450,000 (AED 1,643 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in South Ridge Towers 1
150K2012201620202024Typical rent by year: 2012 AED 132,500; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 166,000; 2016 AED 167,265; 2017 AED 160,000; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 116,000; 2021 AED 115,001; 2022 AED 124,000; 2023 AED 150,000; 2024 AED 170,000; 2025 AED 177,500; 2026 AED 170,000

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 401 sits

All 76 2-beds →

401 last sold in July 2013 at AED 1,643 per sqft, 15% above what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,427). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jul 20263,025,000
24 Apr 20264,150,000
15 Apr 20263,250,000
11 Mar 20263,050,000
6 2-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 4th floor

All 188 units in South Ridge Towers 1
Value
4023-bedAED 4.5M · Jan 2025
4032-bedAED 1.93M · Dec 2011
4041-bedAED 790K · Mar 2011
4051-bedAED 1.4M · Mar 2022

401, South Ridge Towers 1 in numbers

  • Sold 3 times: first on 26 November 2008 for AED 1,170,888, last on 2 July 2013 for AED 2,450,000 (AED 1,643 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 2 July 2013.

Questions about 401, South Ridge Towers 1

What did unit 401 last sell for?

AED 2,450,000 on 2 July 2013: AED 1,643 per sqft for 1,491 sqft. The unit has 3 registered sales; the first was AED 1,170,888 in November 2008.

How big is unit 401?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 4th floor of a 39-storey tower completed in 2008.

What is unit 401 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 401, South Ridge Towers 1

Starts from the last sale price (AED 2.45M, 2 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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