505, South Ridge Towers 1
Sold prices and rental history: sold once, by the developer in February 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, South Ridge Towers 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 30 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,060 sqft
- Floor
- 5th of 39
- Parking
- B2-091
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 20,300 /yr
- Last sold
- AED 817K · February 2010
- Building
- South Ridge Towers 1
About 505, South Ridge Towers 1
505 is a one-bedroom apartment of 1,060 sqft on the 5th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 22 February 2010 for AED 816,888, or AED 770 per sqft, 11% below the AED 864 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 30 September 2026, is AED 101,871 a year: a gross yield of 12.5% on the 2010 price, before the service charge of about AED 20,300 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in South Ridge Towers 1, and where 505 sits
All 73 1-beds →505 last sold in February 2010 at AED 770 per sqft, 11% below what one-beds in South Ridge Towers 1 were fetching at the time (AED 864). Over the last 12 months one-beds sold for AED 1,770,000 to 1,825,000, around AED 1,828 per sqft, and rent for AED 50,000 to 160,000 a year. 505's AED 101,871 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 915 sqft | 1,770,000 | 1,934 | ||
| 25 Jun 202625 June 2026 | 1,060 sqft | 1,825,000 | 1,721 | ||
| 5 Nov 20255 November 2025 | 915 sqft | 1,825,000 | 1,994 | ||
| 16 Sep 202516 September 2025 | 959 sqft | 1,900,000 | 1,981 |
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 | |
| 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, South Ridge Towers 1 in numbers
- Sold once: by Emaar on 22 February 2010 for AED 816,888, or AED 770 per sqft.
- Rented since December 2015 on 9 Ejari contracts. The rent fell from AED 108,000 to AED 72,000 in 2020 and recovered to AED 101,871 by September 2026.
- At AED 101,871 a year the gross yield on the 2010 price is 12.5%, before a service charge of about AED 20,300 a year (AED 19.17 per sqft).
- One-beds in South Ridge Towers 1 sold for AED 1,770,000–1,825,000 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 30 September 2026.
Questions about 505, South Ridge Towers 1
What did unit 505 last sell for?
AED 816,888 on 22 February 2010, sold by the developer: AED 770 per sqft for 1,060 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 101,871 a year on the contract renewed on 30 September 2026. The previous contract, from September 2025, was AED 97,020; the unit has been rented since December 2015.
How big is unit 505?
1,060 sqft (98.5 sqm): a one-bedroom apartment on the 5th floor of a 39-storey tower completed in 2008.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in South Ridge Towers 1 sold for AED 1,770,000 to 1,825,000 in the last 12 months, around AED 1,828 per sqft.
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Mortgage on 505, South Ridge Towers 1
Starts from the last sale price (AED 817K, 22 February 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 816,888
- Deposit, UAE resident (20%)
- AED 163,378
- Deposit, non-resident (40%)
- AED 326,755
- Monthly over 25 years at 3.7%
- AED 3,342
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →