1602, South Ridge Towers 2
Sold prices and rental history: sold once, by the developer in September 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, South Ridge Towers 2
What is 1602 worth today?
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Source: Dubai Land Department. Updated 28 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,679 sqft
- Floor
- 16th of 33
- Parking
- B2-213
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 32,200 /yr
- Last sold
- AED 1.61M · September 2013
- Building
- South Ridge Towers 2
About 1602, South Ridge Towers 2
1602 is a two-bedroom apartment of 1,679 sqft on the 16th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 24 September 2013 for AED 1,613,971, or AED 961 per sqft, 38% below the AED 1,541 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 14 Ejari contracts. The current contract, signed on 28 February 2025, is AED 180,000 a year: a gross yield of 11.2% on the 2013 price, before the service charge of about AED 32,200 a year.
Sales and rents for 1602 over time
1602 has sold once; 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 1602 sits
All 61 2-beds →1602 last sold in September 2013 at AED 961 per sqft, 38% below what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,541). 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. 1602'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 16th floor
All 158 units in South Ridge Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,622 sqft | AED 2.75MAED 2,750,000 · Jul 2023July 2023 | 121,000 /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 |
1602, South Ridge Towers 2 in numbers
- Sold once: by Emaar on 24 September 2013 for AED 1,613,971, or AED 961 per sqft.
- Rented since April 2012 on 14 Ejari contracts. The rent fell from AED 140,000 to AED 115,000 in 2020 and recovered to AED 180,000 by February 2025.
- At AED 180,000 a year the gross yield on the 2013 price is 11.2%, 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 28 February 2025.
Questions about 1602, South Ridge Towers 2
What did unit 1602 last sell for?
AED 1,613,971 on 24 September 2013, sold by the developer: AED 961 per sqft for 1,679 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 180,000 a year on the contract signed on 28 February 2025. The previous contract, from February 2025, was AED 180,000; the unit has been rented since April 2012.
How big is unit 1602?
1,679 sqft (156.0 sqm): a two-bedroom apartment on the 16th floor of a 33-storey tower completed in 2008.
What is unit 1602 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 1602, South Ridge Towers 2
Starts from the last sale price (AED 1.61M, 24 September 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,613,971
- Deposit, UAE resident (20%)
- AED 322,794
- Deposit, non-resident (40%)
- AED 645,588
- Monthly over 25 years at 3.7%
- AED 6,603
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →