2-bed · 1,622 sqftSouth Ridge Towers 2, Downtown Dubai · 26th floor · completed 2008

2601, South Ridge Towers 2

Sold prices and rental history: sold once, by the developer in May 2010, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2601 · DLD and Ejari recordsUpdated 15 March 2015
Last soldAED 1.37M19 May 2010
Current rentAED 140K /yr15 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2601, South Ridge Towers 2

What is 2601 worth today?

Last sold for AED 1,368,444 in 2010

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15 Mar 2015RentedNew contract
AED 140,000/yr12 months · AED 86 per sqft
1 Dec 2014RentedNew contract
AED 140,000/yr12 months · AED 86 per sqft
19 May 2010Sold by developerReady
AED 1,368,444AED 843 per sqft

Source: Dubai Land Department. Updated 15 March 2015.

Key facts

Type
2-bed apartment
Size
1,622 sqft
Floor
26th of 33
Parking
G-P-07
Developer
Emaar
Completed
2008
Service charge
AED 31,100 /yr
Last sold
AED 1.37M · May 2010

About 2601, South Ridge Towers 2

2601 is a two-bedroom apartment of 1,622 sqft on the 26th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 19 May 2010 for AED 1,368,444, or AED 843 per sqft, 24% below the AED 1,109 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 15 March 2015, is AED 140,000 a year: a gross yield of 10.2% on the 2010 price, before the service charge of about AED 31,100 a year.

Sales and rents for 2601 over time

Sales
Unit 2601, 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, May 2010: AED 1,368,444 (AED 843 per sqft)

2601 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2601, 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, December 2014: AED 140,000 a yearNew contract, March 2015: AED 140,000 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 2601 sits

All 61 2-beds →

2601 last sold in May 2010 at AED 843 per sqft, 24% below what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,109). 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. 2601's AED 140,000 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 26th floor

All 158 units in South Ridge Towers 2
Value
26022-bedAED 3.38M · Sep 2024
26031-bedAED 1.2M · Apr 2021
26041-bedAED 1.54M · May 2016
26051-bedAED 1.25M · Mar 2021

2601, South Ridge Towers 2 in numbers

  • Sold once: by Emaar on 19 May 2010 for AED 1,368,444, or AED 843 per sqft.
  • Rented since December 2014 on 2 Ejari contracts, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2010 price is 10.2%, 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 15 March 2015.

Questions about 2601, South Ridge Towers 2

What did unit 2601 last sell for?

AED 1,368,444 on 19 May 2010, sold by the developer: AED 843 per sqft for 1,622 sqft. It is the only registered sale of the unit.

What is the rent for unit 2601?

AED 140,000 a year on the contract signed on 15 March 2015. The previous contract, from December 2014, was AED 140,000.

How big is unit 2601?

1,622 sqft (150.7 sqm): a two-bedroom apartment on the 26th floor of a 33-storey tower completed in 2008.

What is unit 2601 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 2601, South Ridge Towers 2

Starts from the last sale price (AED 1.37M, 19 May 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,368,444
Deposit, UAE resident (20%)
AED 273,689
Deposit, non-resident (40%)
AED 547,378
Monthly over 25 years at 3.7%
AED 5,599

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