1-bed · 936 sqftSouth Ridge Towers 2, Downtown Dubai · 26th floor · completed 2008

2604, South Ridge Towers 2

Sold prices and rental history: sold twice, last in May 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2604 · DLD and Ejari recordsUpdated 1 December 2022
Last soldAED 1.54M30 May 2016
Current rentAED 84K /yr1 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2604, South Ridge Towers 2

What is 2604 worth today?

Last sold for AED 1,540,000 in 2016

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1 Dec 2022RentedRenewal
AED 84,000/yr12 months · AED 90 per sqft
1 Dec 2021RentedNew contract
AED 84,000/yr12 months · AED 90 per sqft
18 Jun 2017RentedNew contract
AED 110,000/yr12 months · AED 117 per sqft
30 May 2016SoldReady
AED 1,540,000AED 1,645 per sqft
1 May 2014RentedNew contract
AED 77,000/yr12 months · AED 82 per sqft
1 May 2013RentedNew contract
AED 70,000/yr12 months · AED 75 per sqft
1 May 2012RentedNew contract
AED 70,000/yr12 months · AED 75 per sqft
18 Jun 2009Sold by developerReady
AED 852,888AED 911 per sqft

Source: Dubai Land Department. Updated 1 December 2022.

Key facts

Type
1-bed apartment
Size
936 sqft
Floor
26th of 33
Parking
B2-180
Developer
Emaar
Completed
2008
Service charge
AED 17,900 /yr
Last sold
AED 1.54M · May 2016

About 2604, South Ridge Towers 2

2604 is a one-bedroom apartment of 936 sqft on the 26th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 30 May 2016 for AED 1,540,000, or AED 1,645 per sqft, in line with the AED 1,645 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 1 December 2022, is AED 84,000 a year: a gross yield of 5.5% on the 2016 price, before the service charge of about AED 17,900 a year.

Sales and rents for 2604 over time

Sales
Unit 2604, each saleTypical one-bed in South Ridge Towers 2
1M2M2009201420192024Typical sale price by year: 2009 AED 963,552; 2010 AED 857,888; 2011 AED 778,060; 2012 AED 1,102,500; 2013 AED 1,390,000; 2014 AED 1,935,000; 2015 AED 1,900,000; 2016 AED 1,612,500; 2017 AED 1,630,000; 2018 AED 1,510,000; 2019 AED 935,000; 2020 AED 1,100,000; 2021 AED 1,200,000; 2022 AED 1,410,000; 2023 AED 1,480,000; 2024 AED 1,650,000; 2025 AED 2,080,000; 2026 AED 1,750,000Sold by developer, June 2009: AED 852,888 (AED 911 per sqft)Sold, May 2016: AED 1,540,000 (AED 1,645 per sqft)

2604 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2604, each contractTypical one-bed in South Ridge Towers 2
75K100K2012201620202024Typical rent by year: 2012 AED 77,500; 2013 AED 90,000; 2014 AED 107,000; 2015 AED 115,000; 2016 AED 115,000; 2017 AED 107,000; 2018 AED 97,500; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 82,975; 2023 AED 91,375; 2024 AED 101,750; 2025 AED 112,625; 2026 AED 115,000New contract, May 2012: AED 70,000 a yearNew contract, May 2013: AED 70,000 a yearNew contract, May 2014: AED 77,000 a yearNew contract, June 2017: AED 110,000 a yearNew contract, December 2021: AED 84,000 a yearRenewal, December 2022: AED 84,000 a year

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 2604 sits

All 95 1-beds →

2604 last sold in May 2016 at AED 1,645 per sqft, in line with what one-beds in South Ridge Towers 2 were fetching at the time (AED 1,645). 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. 2604's AED 84,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 20261,700,000
1 Oct 20262,000,000
5 Aug 202626,811
13 Jul 20261,700,000
6 1-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
26012-bedAED 1.37M · May 2010
26022-bedAED 3.38M · Sep 2024
26031-bedAED 1.2M · Apr 2021
26051-bedAED 1.25M · Mar 2021

2604, South Ridge Towers 2 in numbers

  • Sold twice: first on 18 June 2009 for AED 852,888, last on 30 May 2016 for AED 1,540,000 (AED 1,645 per sqft).
  • Rented since May 2012 on 6 Ejari contracts, from AED 70,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2016 price is 5.5%, before a service charge of about AED 17,900 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 1 December 2022.

Questions about 2604, South Ridge Towers 2

What did unit 2604 last sell for?

AED 1,540,000 on 30 May 2016: AED 1,645 per sqft for 936 sqft. The unit has 2 registered sales; the first was AED 852,888 in June 2009.

What is the rent for unit 2604?

AED 84,000 a year on the contract renewed on 1 December 2022. The previous contract, from December 2021, was AED 84,000; the unit has been rented since May 2012.

How big is unit 2604?

936 sqft (87.0 sqm): a one-bedroom apartment on the 26th floor of a 33-storey tower completed in 2008.

What is unit 2604 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 2604, South Ridge Towers 2

Starts from the last sale price (AED 1.54M, 30 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,540,000
Deposit, UAE resident (20%)
AED 308,000
Deposit, non-resident (40%)
AED 616,000
Monthly over 25 years at 3.7%
AED 6,301

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