1601, South Ridge Towers 2
Sold prices and rental history: sold twice, last in July 2023, 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 1601, South Ridge Towers 2
What is 1601 worth today?
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Source: Dubai Land Department. Updated 20 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,622 sqft
- Floor
- 16th of 33
- Parking
- B1-203
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,100 /yr
- Last sold
- AED 2.75M · July 2023
- Building
- South Ridge Towers 2
About 1601, South Ridge Towers 2
1601 is a two-bedroom apartment of 1,622 sqft on the 16th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 20 July 2023 for AED 2,750,000, or AED 1,695 per sqft, in line with the AED 1,682 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 5 June 2022, is AED 121,000 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 31,100 a year.
Sales and rents for 1601 over time
1601 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 1601 sits
All 61 2-beds →1601 last sold in July 2023 at AED 1,695 per sqft, in line with what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,682). 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. 1601's AED 121,000 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 16th floor
All 158 units in South Ridge Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 2-bed | 1,679 sqft | AED 1.61MAED 1,613,971 · Sep 2013September 2013 | 180,000 /yr | |
| 1603 | 1-bed | 1,129 sqft | AED 937KAED 936,911 · Sep 2013September 2013 | 103,000 /yr | |
| 1604 | 1-bed | 936 sqft | AED 778KAED 777,831 · Sep 2013September 2013 | 85,000 /yr | |
| 1605 | 1-bed | 1,089 sqft | AED 963KAED 963,101 · Sep 2013September 2013 | 100,000 /yr |
1601, South Ridge Towers 2 in numbers
- Sold twice: first on 15 March 2010 for AED 1,727,461, last on 20 July 2023 for AED 2,750,000 (AED 1,695 per sqft).
- Rented since October 2013 on 9 Ejari contracts, from AED 140,000 to AED 121,000 a year.
- At AED 121,000 a year the gross yield on the 2023 price is 4.4%, 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 20 July 2023.
Questions about 1601, South Ridge Towers 2
What did unit 1601 last sell for?
AED 2,750,000 on 20 July 2023: AED 1,695 per sqft for 1,622 sqft. The unit has 2 registered sales; the first was AED 1,727,461 in March 2010.
What is the rent for unit 1601?
AED 121,000 a year on the contract renewed on 5 June 2022. The previous contract, from June 2021, was AED 110,000; the unit has been rented since October 2013.
How big is unit 1601?
1,622 sqft (150.7 sqm): a two-bedroom apartment on the 16th floor of a 33-storey tower completed in 2008.
What is unit 1601 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 1601, South Ridge Towers 2
Starts from the last sale price (AED 2.75M, 20 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,750,000
- Deposit, UAE resident (20%)
- AED 550,000
- Deposit, non-resident (40%)
- AED 1,100,000
- Monthly over 25 years at 3.7%
- AED 11,251
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →