1203, South Ridge Towers 2
Sold prices and rental history: sold once, by the developer in June 2009, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, South Ridge Towers 2
What is 1203 worth today?
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Source: Dubai Land Department. Updated 5 May 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 1,129 sqft
- Floor
- 12th of 33
- Parking
- B1-196
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 21,600 /yr
- Last sold
- AED 946K · June 2009
- Building
- South Ridge Towers 2
About 1203, South Ridge Towers 2
1203 is a one-bedroom apartment of 1,129 sqft on the 12th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 21 June 2009 for AED 945,888, or AED 837 per sqft, 6% below the AED 891 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 5 May 2021, is AED 70,000 a year: a gross yield of 7.4% on the 2009 price, before the service charge of about AED 21,600 a year.
Sales and rents for 1203 over time
1203 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 2, and where 1203 sits
All 95 1-beds →1203 last sold in June 2009 at AED 837 per sqft, 6% below what one-beds in South Ridge Towers 2 were fetching at the time (AED 891). 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. 1203's AED 70,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 936 sqft | 1,700,000 | 1,816 | ||
| 1 Oct 20261 October 2026 | 1,089 sqft | 2,000,000 | 1,836 | ||
| 5 Aug 20265 August 2026 | 875 sqft | 26,811 | 30 | ||
| 13 Jul 202613 July 2026 | 936 sqft | 1,700,000 | 1,816 |
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 21203, South Ridge Towers 2 in numbers
- Sold once: by Emaar on 21 June 2009 for AED 945,888, or AED 837 per sqft.
- Rented since October 2018 on 3 Ejari contracts, from AED 98,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2009 price is 7.4%, before a service charge of about AED 21,600 a year (AED 19.17 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 5 May 2021.
Questions about 1203, South Ridge Towers 2
What did unit 1203 last sell for?
AED 945,888 on 21 June 2009, sold by the developer: AED 837 per sqft for 1,129 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 70,000 a year on the contract signed on 5 May 2021. The previous contract, from February 2020, was AED 88,000; the unit has been rented since October 2018.
How big is unit 1203?
1,129 sqft (104.9 sqm): a one-bedroom apartment on the 12th floor of a 33-storey tower completed in 2008.
What is unit 1203 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 1203, South Ridge Towers 2
Starts from the last sale price (AED 946K, 21 June 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 945,888
- Deposit, UAE resident (20%)
- AED 189,178
- Deposit, non-resident (40%)
- AED 378,355
- Monthly over 25 years at 3.7%
- AED 3,870
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →