2302, South Ridge Towers 2
Sold prices and rental history: sold twice, last in December 2013, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2302, South Ridge Towers 2
What is 2302 worth today?
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Source: Dubai Land Department. Updated 2 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,679 sqft
- Floor
- 23rd of 33
- Parking
- L1-064
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 32,200 /yr
- Last sold
- AED 3.8M · December 2013
- Building
- South Ridge Towers 2
About 2302, South Ridge Towers 2
2302 is a two-bedroom apartment of 1,679 sqft on the 23rd floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 19 December 2013 for AED 3,800,000, or AED 2,263 per sqft, 32% above the AED 1,710 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 2 November 2022, is AED 155,000 a year: a gross yield of 4.1% on the 2013 price, before the service charge of about AED 32,200 a year.
Sales and rents for 2302 over time
2302 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 2302 sits
All 61 2-beds →2302 last sold in December 2013 at AED 2,263 per sqft, 32% above what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,710). 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. 2302's AED 155,000 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 23rd floor
All 158 units in South Ridge Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 2-bed | 1,622 sqft | AED 2.69MAED 2,688,888 · Jul 2009July 2009 | 132,427 /yr | |
| 2303 | 1-bed | 1,129 sqft | AED 1.05MAED 1,050,000 · Aug 2020August 2020 | 85,000 /yr | |
| 2304 | 1-bed | 936 sqft | AED 1.65MAED 1,650,000 · Aug 2024August 2024 | 110,000 /yr | |
| 2305 | 1-bed | 1,089 sqft | AED 1.75MAED 1,750,000 · Feb 2018February 2018 |
2302, South Ridge Towers 2 in numbers
- Sold twice: first on 22 March 2010 for AED 2,506,888, last on 19 December 2013 for AED 3,800,000 (AED 2,263 per sqft).
- Rented since November 2021 on 2 Ejari contracts, from AED 145,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2013 price is 4.1%, 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 2 November 2022.
Questions about 2302, South Ridge Towers 2
What did unit 2302 last sell for?
AED 3,800,000 on 19 December 2013: AED 2,263 per sqft for 1,679 sqft. The unit has 2 registered sales; the first was AED 2,506,888 in March 2010.
What is the rent for unit 2302?
AED 155,000 a year on the contract renewed on 2 November 2022. The previous contract, from November 2021, was AED 145,000.
How big is unit 2302?
1,679 sqft (156.0 sqm): a two-bedroom apartment on the 23rd floor of a 33-storey tower completed in 2008.
What is unit 2302 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 2302, South Ridge Towers 2
Starts from the last sale price (AED 3.8M, 19 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 3,800,000
- Deposit, UAE resident (20%)
- AED 760,000
- Deposit, non-resident (40%)
- AED 1,520,000
- Monthly over 25 years at 3.7%
- AED 15,547
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →