704, South Ridge Towers 1
Sold prices and rental history: sold once, by the developer in December 2009, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, South Ridge Towers 1
What is 704 worth today?
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Source: Dubai Land Department. Updated 15 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 7th of 39
- Parking
- B2-088
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 17,500 /yr
- Last sold
- AED 404K · December 2009
- Building
- South Ridge Towers 1
About 704, South Ridge Towers 1
704 is a one-bedroom apartment of 915 sqft on the 7th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 6 December 2009 for AED 403,944, or AED 441 per sqft, 51% below the AED 904 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, signed on 15 September 2024, is AED 120,000 a year: a gross yield of 29.7% on the 2009 price, before the service charge of about AED 17,500 a year.
Sales and rents for 704 over time
704 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 704 sits
All 73 1-beds →704 last sold in December 2009 at AED 441 per sqft, 51% below what one-beds in South Ridge Towers 1 were fetching at the time (AED 904). 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. 704's AED 120,000 is in the upper 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 7th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,491 sqft | AED 3.8MAED 3,800,000 · Nov 2025November 2025 | 150,000 /yr | |
| 702 | 3-bed | 2,102 sqft | AED 4.95MAED 4,950,000 · Sep 2025September 2025 | ||
| 703 | 2-bed | 1,635 sqft | AED 2.75MAED 2,750,000 · Nov 2022November 2022 | 175,000 /yr | |
| 705 | 1-bed | 1,060 sqft | AED 1.57MAED 1,570,000 · Jul 2013July 2013 | 103,950 /yr |
704, South Ridge Towers 1 in numbers
- Sold once: by Emaar on 6 December 2009 for AED 403,944, or AED 441 per sqft.
- Rented since January 2012 on 13 Ejari contracts. The rent fell from AED 75,000 to AED 62,000 in 2020 and recovered to AED 120,000 by September 2024.
- At AED 120,000 a year the gross yield on the 2009 price is 29.7%, before a service charge of about AED 17,500 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 15 September 2024.
Questions about 704, South Ridge Towers 1
What did unit 704 last sell for?
AED 403,944 on 6 December 2009, sold by the developer: AED 441 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 120,000 a year on the contract signed on 15 September 2024. The previous contract, from September 2023, was AED 83,000; the unit has been rented since January 2012.
How big is unit 704?
915 sqft (85.0 sqm): a one-bedroom apartment on the 7th floor of a 39-storey tower completed in 2008.
What is unit 704 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 704, South Ridge Towers 1
Starts from the last sale price (AED 404K, 6 December 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 403,944
- Deposit, UAE resident (20%)
- AED 80,789
- Deposit, non-resident (40%)
- AED 161,578
- Monthly over 25 years at 3.7%
- AED 1,653
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →