1001, South Ridge Towers 2
Sold prices and rental history: sold twice, last in April 2024, 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 1001, South Ridge Towers 2
What is 1001 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,622 sqft
- Floor
- 10th of 33
- Parking
- B1-208
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,100 /yr
- Last sold
- AED 2.7M · April 2024
- Building
- South Ridge Towers 2
About 1001, South Ridge Towers 2
1001 is a two-bedroom apartment of 1,622 sqft on the 10th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 29 April 2024 for AED 2,700,000, or AED 1,664 per sqft, in line with the AED 1,689 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, signed on 1 May 2024, is AED 130,227 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 31,100 a year.
Sales and rents for 1001 over time
1001 has sold twice; 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 2, and where 1001 sits
All 61 2-beds →1001 last sold in April 2024 at AED 1,664 per sqft, in line with what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,689). Over the last 12 months two-beds sold for AED 3,475,000 to 4,000,000, around AED 2,296 per sqft, and rent for AED 160,000 to 207,273 a year. 1001's AED 130,227 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Sep 202614 September 2026 | 1,622 sqft | 3,750,000 | 2,311 | ||
| 7 Aug 20267 August 2026 | 1,622 sqft | 4,000,000 | 2,466 | ||
| 29 Apr 202629 April 2026 | 1,622 sqft | 3,700,000 | 2,281 | ||
| 26 Feb 202626 February 2026 | 1,622 sqft | 3,475,000 | 2,142 |
South Ridge Towers 2
Building158 apartments, 1-bed to 3-bed over 33 floors in Downtown Dubai, completed in 2008 by Emaar. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,989 Down 2.2%
- Typical sale
- AED 2.74M
- Typical rent
- AED 128K /yr
- Typical yield
- 5.4%
Other units on the 10th floor
All 158 units in South Ridge Towers 21001, South Ridge Towers 2 in numbers
- Sold twice: first on 13 June 2010 for AED 1,713,881, last on 29 April 2024 for AED 2,700,000 (AED 1,664 per sqft).
- Rented since January 2015 on 11 Ejari contracts. The rent fell from AED 165,000 to AED 112,750 in 2022 and recovered to AED 130,227 by May 2024.
- At AED 130,227 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 31,100 a year (AED 19.17 per sqft).
- Two-beds in South Ridge Towers 2 sold for AED 3,475,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,989 per sqft.
Source: Dubai Land Department. Updated 1 May 2024.
Questions about 1001, South Ridge Towers 2
What did unit 1001 last sell for?
AED 2,700,000 on 29 April 2024: AED 1,664 per sqft for 1,622 sqft. The unit has 2 registered sales; the first was AED 1,713,881 in June 2010.
What is the rent for unit 1001?
AED 130,227 a year on the contract signed on 1 May 2024. The previous contract, from March 2024, was AED 130,227; the unit has been rented since January 2015.
How big is unit 1001?
1,622 sqft (150.7 sqm): a two-bedroom apartment on the 10th floor of a 33-storey tower completed in 2008.
What is unit 1001 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 2 sold for AED 3,475,000 to 4,000,000 in the last 12 months, around AED 2,296 per sqft.
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Mortgage on 1001, South Ridge Towers 2
Starts from the last sale price (AED 2.7M, 29 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →