1201, South Ridge Towers 2
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1201, South Ridge Towers 2
What is 1201 worth today?
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Source: Dubai Land Department. Updated 3 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,622 sqft
- Floor
- 12th of 33
- Parking
- B1-207
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,100 /yr
- Last sold
- AED 3.05M · July 2024
- Building
- South Ridge Towers 2
About 1201, South Ridge Towers 2
1201 is a two-bedroom apartment of 1,622 sqft on the 12th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 3 July 2024 for AED 3,050,000, or AED 1,880 per sqft, 8% above the AED 1,741 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 10 February 2022, is AED 110,000 a year: a gross yield of 3.6% on the 2024 price, before the service charge of about AED 31,100 a year.
Sales and rents for 1201 over time
1201 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 1201 sits
All 61 2-beds →1201 last sold in July 2024 at AED 1,880 per sqft, 8% above what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,741). 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. 1201's AED 110,000 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 12th floor
All 158 units in South Ridge Towers 21201, South Ridge Towers 2 in numbers
- Sold twice: first on 13 June 2010 for AED 1,735,221, last on 3 July 2024 for AED 3,050,000 (AED 1,880 per sqft).
- Rented since December 2013 on 9 Ejari contracts, from AED 150,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2024 price is 3.6%, 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 3 July 2024.
Questions about 1201, South Ridge Towers 2
What did unit 1201 last sell for?
AED 3,050,000 on 3 July 2024: AED 1,880 per sqft for 1,622 sqft. The unit has 2 registered sales; the first was AED 1,735,221 in June 2010.
What is the rent for unit 1201?
AED 110,000 a year on the contract renewed on 10 February 2022. The previous contract, from February 2021, was AED 110,000; the unit has been rented since December 2013.
How big is unit 1201?
1,622 sqft (150.7 sqm): a two-bedroom apartment on the 12th floor of a 33-storey tower completed in 2008.
What is unit 1201 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 1201, South Ridge Towers 2
Starts from the last sale price (AED 3.05M, 3 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,050,000
- Deposit, UAE resident (20%)
- AED 610,000
- Deposit, non-resident (40%)
- AED 1,220,000
- Monthly over 25 years at 3.7%
- AED 12,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →