2-bed · 1,679 sqftSouth Ridge Towers 2, Downtown Dubai · 19th floor · completed 2008

1902, South Ridge Towers 2

Sold prices and rental history: sold 5 times, last in November 2022, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1902 · DLD and Ejari recordsUpdated 23 November 2022
Last soldAED 2.83M23 November 2022
Current rentAED 130K /yr23 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1902, South Ridge Towers 2

What is 1902 worth today?

Last sold for AED 2,825,000 in 2022

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23 Nov 2022SoldReady
AED 2,825,000AED 1,682 per sqft
5 Jul 2022SoldReady
AED 2,103,800AED 1,253 per sqft
18 Feb 2020SoldReady
AED 1,950,000AED 1,161 per sqft
23 Feb 2019RentedNew contract
AED 130,000/yr12 months · AED 77 per sqft
20 Nov 2012RentedNew contract
AED 120,000/yr11 months · AED 71 per sqft
11 Oct 2010SoldReady
AED 1,850,000AED 1,101 per sqft
17 Mar 2009Sold by developerReady
AED 1,746,888AED 1,040 per sqft

Source: Dubai Land Department. Updated 23 November 2022.

Key facts

Type
2-bed apartment
Size
1,679 sqft
Floor
19th of 33
Parking
B1-204
Developer
Emaar
Completed
2008
Service charge
AED 32,200 /yr
Last sold
AED 2.83M · November 2022

About 1902, South Ridge Towers 2

1902 is a two-bedroom apartment of 1,679 sqft on the 19th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 23 November 2022 for AED 2,825,000, or AED 1,682 per sqft, 7% above the AED 1,572 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 23 February 2019, is AED 130,000 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 32,200 a year.

Sales and rents for 1902 over time

Sales
Unit 1902, each saleTypical two-bed in South Ridge Towers 2
2M4M2009201420192024Typical sale price by year: 2009 AED 1,779,444; 2010 AED 1,726,175; 2011 AED 1,899,888; 2012 AED 2,200,000; 2013 AED 2,865,000; 2014 AED 4,100,000; 2022 AED 2,550,000; 2023 AED 2,750,000; 2024 AED 3,100,000; 2025 AED 3,250,000; 2026 AED 3,725,000Sold by developer, March 2009: AED 1,746,888 (AED 1,040 per sqft)Sold, October 2010: AED 1,850,000 (AED 1,101 per sqft)Sold, February 2020: AED 1,950,000 (AED 1,161 per sqft)Sold, July 2022: AED 2,103,800 (AED 1,253 per sqft)Sold, November 2022: AED 2,825,000 (AED 1,682 per sqft)

1902 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1902, each contractTypical two-bed in South Ridge Towers 2
150K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 150,000; 2014 AED 168,000; 2015 AED 168,531; 2016 AED 170,000; 2017 AED 165,000; 2018 AED 150,000; 2019 AED 135,000; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 129,250; 2023 AED 147,000; 2024 AED 175,000; 2025 AED 180,000; 2026 AED 180,000New contract, November 2012: AED 120,000 a yearNew contract, February 2019: AED 130,000 a year

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 1902 sits

All 61 2-beds →

1902 last sold in November 2022 at AED 1,682 per sqft, 7% above what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,572). 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. 1902's AED 130,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Sep 20263,750,000
7 Aug 20264,000,000
29 Apr 20263,700,000
26 Feb 20263,475,000
4 2-bed sales in the last 12 months

South Ridge Towers 2

Building

158 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%
South Ridge Towers 2, Downtown Dubai: prices, sales and rents →

Other units on the 19th floor

All 158 units in South Ridge Towers 2
Value
19012-bedAED 1.81M · Jun 2010
19031-bedAED 491K · Dec 2009
19041-bedAED 817K · Jul 2010
19051-bedAED 1.05M · Feb 2014

1902, South Ridge Towers 2 in numbers

  • Sold 5 times: first on 17 March 2009 for AED 1,746,888, last on 23 November 2022 for AED 2,825,000 (AED 1,682 per sqft).
  • Rented since November 2012 on 2 Ejari contracts, from AED 120,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2022 price is 4.6%, 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 23 November 2022.

Questions about 1902, South Ridge Towers 2

What did unit 1902 last sell for?

AED 2,825,000 on 23 November 2022: AED 1,682 per sqft for 1,679 sqft. The unit has 5 registered sales; the first was AED 1,746,888 in March 2009.

What is the rent for unit 1902?

AED 130,000 a year on the contract signed on 23 February 2019. The previous contract, from November 2012, was AED 120,000.

How big is unit 1902?

1,679 sqft (156.0 sqm): a two-bedroom apartment on the 19th floor of a 33-storey tower completed in 2008.

What is unit 1902 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 1902, South Ridge Towers 2

Starts from the last sale price (AED 2.83M, 23 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,825,000
Deposit, UAE resident (20%)
AED 565,000
Deposit, non-resident (40%)
AED 1,130,000
Monthly over 25 years at 3.7%
AED 11,558

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →