1-bed · 1,129 sqftSouth Ridge Towers 2, Downtown Dubai · 10th floor · completed 2008

1003, South Ridge Towers 2

Sold prices and rental history: sold once, by the developer in September 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 7 September 2011
Last soldAED 468K7 September 2011
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, South Ridge Towers 2

What is 1003 worth today?

Last sold for AED 467,944 in 2011

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7 Sep 2011Sold by developerReady
AED 467,944AED 414 per sqft

Source: Dubai Land Department. Updated 7 September 2011.

Key facts

Type
1-bed apartment
Size
1,129 sqft
Floor
10th of 33
Parking
B1-133
Developer
Emaar
Completed
2008
Service charge
AED 21,600 /yr
Last sold
AED 468K · September 2011

About 1003, South Ridge Towers 2

1003 is a one-bedroom apartment of 1,129 sqft on the 10th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 7 September 2011 for AED 467,944, or AED 414 per sqft, 50% below the AED 835 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical one-bed in South Ridge Towers 2
1M2M2009201420192024Typical sale price by year: 2009 AED 963,552; 2010 AED 857,888; 2011 AED 778,060; 2012 AED 1,102,500; 2013 AED 1,390,000; 2014 AED 1,935,000; 2015 AED 1,900,000; 2016 AED 1,612,500; 2017 AED 1,630,000; 2018 AED 1,510,000; 2019 AED 935,000; 2020 AED 1,100,000; 2021 AED 1,200,000; 2022 AED 1,410,000; 2023 AED 1,480,000; 2024 AED 1,650,000; 2025 AED 2,080,000; 2026 AED 1,750,000Sold by developer, September 2011: AED 467,944 (AED 414 per sqft)

1003 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1003, each contractTypical one-bed in South Ridge Towers 2
80K100K120K2012201620202024Typical rent by year: 2012 AED 77,500; 2013 AED 90,000; 2014 AED 107,000; 2015 AED 115,000; 2016 AED 115,000; 2017 AED 107,000; 2018 AED 97,500; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 82,975; 2023 AED 91,375; 2024 AED 101,750; 2025 AED 112,625; 2026 AED 115,000

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 2, and where 1003 sits

All 95 1-beds →

1003 last sold in September 2011 at AED 414 per sqft, 50% below what one-beds in South Ridge Towers 2 were fetching at the time (AED 835). Over the last 12 months one-beds sold for AED 1,700,000 to 2,000,000, around AED 1,816 per sqft, and rent for AED 85,000 to 290,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 20261,700,000
1 Oct 20262,000,000
5 Aug 202626,811
13 Jul 20261,700,000
6 1-bed sales in the last 12 months

South Ridge Towers 2

Building

158 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%
South Ridge Towers 2, Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 158 units in South Ridge Towers 2
Value
10012-bedAED 2.7M · Apr 2024
10022-bedAED 1.34M · May 2023
10041-bedAED 771K · Mar 2009
10051-bedAED 956K · Feb 2013

1003, South Ridge Towers 2 in numbers

  • Sold once: by Emaar on 7 September 2011 for AED 467,944, or AED 414 per sqft.
  • One-beds in South Ridge Towers 2 sold for AED 1,700,000–2,000,000 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 7 September 2011.

Questions about 1003, South Ridge Towers 2

What did unit 1003 last sell for?

AED 467,944 on 7 September 2011, sold by the developer: AED 414 per sqft for 1,129 sqft. It is the only registered sale of the unit.

How big is unit 1003?

1,129 sqft (104.9 sqm): a one-bedroom apartment on the 10th floor of a 33-storey tower completed in 2008.

What is unit 1003 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 2 sold for AED 1,700,000 to 2,000,000 in the last 12 months, around AED 1,816 per sqft.

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Mortgage on 1003, South Ridge Towers 2

Starts from the last sale price (AED 468K, 7 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 467,944
Deposit, UAE resident (20%)
AED 93,589
Deposit, non-resident (40%)
AED 187,178
Monthly over 25 years at 3.7%
AED 1,915

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →