1603, South Ridge Towers 2
Sold prices and rental history: sold once, by the developer in September 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, South Ridge Towers 2
What is 1603 worth today?
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Source: Dubai Land Department. Updated 20 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,129 sqft
- Floor
- 16th of 33
- Parking
- B1-132
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 21,600 /yr
- Last sold
- AED 937K · September 2013
- Building
- South Ridge Towers 2
About 1603, South Ridge Towers 2
1603 is a one-bedroom apartment of 1,129 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 936,911, or AED 829 per sqft, 23% below the AED 1,082 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 20 February 2026, is AED 103,000 a year: a gross yield of 11.0% on the 2013 price, before the service charge of about AED 21,600 a year.
Sales and rents for 1603 over time
1603 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 1603 sits
All 95 1-beds →1603 last sold in September 2013 at AED 829 per sqft, 23% below what one-beds in South Ridge Towers 2 were fetching at the time (AED 1,082). 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. 1603's AED 103,000 is in the lower half 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 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 | |
| 1602 | 2-bed | 1,679 sqft | AED 1.61MAED 1,613,971 · Sep 2013September 2013 | 180,000 /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 |
1603, South Ridge Towers 2 in numbers
- Sold once: by Emaar on 24 September 2013 for AED 936,911, or AED 829 per sqft.
- Rented since July 2014 on 12 Ejari contracts. The rent fell from AED 95,000 to AED 65,000 in 2021 and recovered to AED 103,000 by February 2026.
- At AED 103,000 a year the gross yield on the 2013 price is 11.0%, 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 20 February 2026.
Questions about 1603, South Ridge Towers 2
What did unit 1603 last sell for?
AED 936,911 on 24 September 2013, sold by the developer: AED 829 per sqft for 1,129 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 103,000 a year on the contract renewed on 20 February 2026. The previous contract, from February 2025, was AED 101,000; the unit has been rented since July 2014.
How big is unit 1603?
1,129 sqft (104.9 sqm): a one-bedroom apartment on the 16th floor of a 33-storey tower completed in 2008.
What is unit 1603 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 1603, South Ridge Towers 2
Starts from the last sale price (AED 937K, 24 September 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 936,911
- Deposit, UAE resident (20%)
- AED 187,382
- Deposit, non-resident (40%)
- AED 374,764
- Monthly over 25 years at 3.7%
- AED 3,833
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →