1002, South Ridge Towers 2
Sold prices and rental history: sold 5 times, last in May 2023, 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 1002, South Ridge Towers 2
What is 1002 worth today?
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Source: Dubai Land Department. Updated 8 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,679 sqft
- Floor
- 10th of 33
- Parking
- B2-173
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 32,200 /yr
- Last sold
- AED 1.34M · May 2023
- Building
- South Ridge Towers 2
About 1002, South Ridge Towers 2
1002 is a two-bedroom apartment of 1,679 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 8 May 2023 for AED 1,335,000, or AED 795 per sqft, 44% below the AED 1,413 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 22 April 2023, is AED 180,000 a year: a gross yield of 13.5% on the 2023 price, before the service charge of about AED 32,200 a year.
Sales and rents for 1002 over time
1002 has sold 5 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 2, and where 1002 sits
All 61 2-beds →1002 last sold in May 2023 at AED 795 per sqft, 44% below what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,413). 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. 1002's AED 180,000 is in the lower half 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 21002, South Ridge Towers 2 in numbers
- Sold 5 times: first on 12 July 2009 for AED 3,939,750, last on 8 May 2023 for AED 1,335,000 (AED 795 per sqft).
- Rented since February 2015 on 10 Ejari contracts. The rent fell from AED 183,000 to AED 120,000 in 2021 and recovered to AED 180,000 by April 2023.
- At AED 180,000 a year the gross yield on the 2023 price is 13.5%, before a service charge of about AED 32,200 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 8 May 2023.
Questions about 1002, South Ridge Towers 2
What did unit 1002 last sell for?
AED 1,335,000 on 8 May 2023: AED 795 per sqft for 1,679 sqft. The unit has 5 registered sales; the first was AED 3,939,750 in July 2009.
What is the rent for unit 1002?
AED 180,000 a year on the contract renewed on 22 April 2023. The previous contract, from April 2022, was AED 130,000; the unit has been rented since February 2015.
How big is unit 1002?
1,679 sqft (156.0 sqm): a two-bedroom apartment on the 10th floor of a 33-storey tower completed in 2008.
What is unit 1002 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 1002, South Ridge Towers 2
Starts from the last sale price (AED 1.34M, 8 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,335,000
- Deposit, UAE resident (20%)
- AED 267,000
- Deposit, non-resident (40%)
- AED 534,000
- Monthly over 25 years at 3.7%
- AED 5,462
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →