502, South Ridge Towers 1
Sold prices and rental history: sold 3 times, last in August 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, South Ridge Towers 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 31 October 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,102 sqft
- Floor
- 5th of 39
- Parking
- L1-019 , L1-020
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 40,300 /yr
- Last sold
- AED 2.95M · August 2012
- Building
- South Ridge Towers 1
About 502, South Ridge Towers 1
502 is a three-bedroom apartment of 2,102 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 1 August 2012 for AED 2,950,000, or AED 1,403 per sqft, 4% above the AED 1,355 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 15 Ejari contracts. The current contract, renewed on 31 October 2026, is AED 110,000 a year: a gross yield of 3.7% on the 2012 price, before the service charge of about AED 40,300 a year.
Sales and rents for 502 over time
502 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 502 sits
All 39 3-beds →502 last sold in August 2012 at AED 1,403 per sqft, 4% above what three-beds in South Ridge Towers 1 were fetching at the time (AED 1,355). 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. 502's AED 110,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Oct 202612 October 2026 | 2,102 sqft | 6,130,000 | 2,916 | ||
| 17 Aug 202617 August 2026 | 2,102 sqft | 5,350,000 | 2,545 | ||
| 11 Jun 202611 June 2026 | 1,974 sqft | 3,516,934 | 1,781 | ||
| 11 Sep 202511 September 2025 | 2,102 sqft | 4,950,000 | 2,354 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,491 sqft | AED 2.6MAED 2,600,000 · Oct 2024October 2024 | 124,334 /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 |
502, South Ridge Towers 1 in numbers
- Sold 3 times: first on 15 March 2010 for AED 2,901,888, last on 1 August 2012 for AED 2,950,000 (AED 1,403 per sqft).
- Rented since January 2013 on 15 Ejari contracts, from AED 190,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2012 price is 3.7%, before a service charge of about AED 40,300 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 31 October 2026.
Questions about 502, South Ridge Towers 1
What did unit 502 last sell for?
AED 2,950,000 on 1 August 2012: AED 1,403 per sqft for 2,102 sqft. The unit has 3 registered sales; the first was AED 2,901,888 in March 2010.
What is the rent for unit 502?
AED 110,000 a year on the contract renewed on 31 October 2026. The previous contract, from October 2025, was AED 145,000; the unit has been rented since January 2013.
How big is unit 502?
2,102 sqft (195.3 sqm): a three-bedroom apartment on the 5th floor of a 39-storey tower completed in 2008.
What is unit 502 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 502, South Ridge Towers 1
Starts from the last sale price (AED 2.95M, 1 August 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,950,000
- Deposit, UAE resident (20%)
- AED 590,000
- Deposit, non-resident (40%)
- AED 1,180,000
- Monthly over 25 years at 3.7%
- AED 12,069
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →