501, South Ridge Towers 1
Sold prices and rental history: sold 4 times, last in October 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, South Ridge Towers 1
What is 501 worth today?
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Source: Dubai Land Department. Updated 10 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,491 sqft
- Floor
- 5th of 39
- Parking
- B1-072
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 28,600 /yr
- Last sold
- AED 2.6M · October 2024
- Building
- South Ridge Towers 1
About 501, South Ridge Towers 1
501 is a two-bedroom apartment of 1,491 sqft on the 5th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 10 October 2024 for AED 2,600,000, or AED 1,743 per sqft, 16% below the AED 2,079 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 26 February 2023, is AED 124,334 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 28,600 a year.
Sales and rents for 501 over time
501 has sold 4 times; 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 501 sits
All 76 2-beds →501 last sold in October 2024 at AED 1,743 per sqft, 16% below what two-beds in South Ridge Towers 1 were fetching at the time (AED 2,079). 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. 501's AED 124,334 is at the bottom 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 5th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 2,102 sqft | AED 2.95MAED 2,950,000 · Aug 2012August 2012 | 110,000 /yr | |
| 503 | 2-bed | 1,635 sqft | AED 3MAED 3,000,000 · Jun 2016June 2016 | 140,000 /yr | |
| 504 | 1-bed | 915 sqft | AED 1.45MAED 1,450,000 · Jul 2022July 2022 | 100,000 /yr | |
| 505 | 1-bed | 1,060 sqft | AED 817KAED 816,888 · Feb 2010February 2010 | 101,871 /yr |
501, South Ridge Towers 1 in numbers
- Sold 4 times: first on 25 February 2010 for AED 1,178,888, last on 10 October 2024 for AED 2,600,000 (AED 1,743 per sqft).
- Rented since January 2017 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 102,000 in 2022 and recovered to AED 124,334 by February 2023.
- At AED 124,334 a year the gross yield on the 2024 price is 4.8%, 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 10 October 2024.
Questions about 501, South Ridge Towers 1
What did unit 501 last sell for?
AED 2,600,000 on 10 October 2024: AED 1,743 per sqft for 1,491 sqft. The unit has 4 registered sales; the first was AED 1,178,888 in February 2010.
What is the rent for unit 501?
AED 124,334 a year on the contract renewed on 26 February 2023. The previous contract, from February 2022, was AED 102,000; the unit has been rented since January 2017.
How big is unit 501?
1,491 sqft (138.5 sqm): a two-bedroom apartment on the 5th floor of a 39-storey tower completed in 2008.
What is unit 501 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 501, South Ridge Towers 1
Starts from the last sale price (AED 2.6M, 10 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →