2902, South Ridge Towers 2
Sold prices and rental history: sold twice, last in December 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2902, South Ridge Towers 2
What is 2902 worth today?
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Source: Dubai Land Department. Updated 1 July 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,679 sqft
- Floor
- 29th of 33
- Parking
- G-P-04
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 32,200 /yr
- Last sold
- AED 2.25M · December 2009
- Building
- South Ridge Towers 2
About 2902, South Ridge Towers 2
2902 is a two-bedroom apartment of 1,679 sqft on the 29th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 31 December 2009 for AED 2,250,000, or AED 1,340 per sqft, 22% above the AED 1,097 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 126,788 a year: a gross yield of 5.6% on the 2009 price, before the service charge of about AED 32,200 a year.
Sales and rents for 2902 over time
2902 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 2902 sits
All 61 2-beds →2902 last sold in December 2009 at AED 1,340 per sqft, 22% above what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,097). 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. 2902's AED 126,788 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 29th floor
All 158 units in South Ridge Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2901 | 2-bed | 1,622 sqft | AED 2.3MAED 2,300,000 · Jun 2020June 2020 | 170,000 /yr | |
| 2903 | 1-bed | 1,129 sqft | AED 1.03MAED 1,032,888 · Mar 2009March 2009 | 120,000 /yr | |
| 2904 | 1-bed | 936 sqft | AED 2.1MAED 2,100,000 · Sep 2025September 2025 | 120,000 /yr | |
| 2905 | 1-bed | 1,089 sqft | AED 1.15MAED 1,150,000 · Sep 2020September 2020 | 130,000 /yr |
2902, South Ridge Towers 2 in numbers
- Sold twice: first on 31 December 2009 for AED 2,597,888, last on 31 December 2009 for AED 2,250,000 (AED 1,340 per sqft).
- Rented since August 2017 on 6 Ejari contracts. The rent fell from AED 162,500 to AED 115,000 in 2020 and recovered to AED 126,788 by July 2022.
- At AED 126,788 a year the gross yield on the 2009 price is 5.6%, 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 1 July 2022.
Questions about 2902, South Ridge Towers 2
What did unit 2902 last sell for?
AED 2,250,000 on 31 December 2009, sold by the developer: AED 1,340 per sqft for 1,679 sqft. The unit has 2 registered sales; the first was AED 2,597,888 in December 2009.
What is the rent for unit 2902?
AED 126,788 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 120,750; the unit has been rented since August 2017.
How big is unit 2902?
1,679 sqft (156.0 sqm): a two-bedroom apartment on the 29th floor of a 33-storey tower completed in 2008.
What is unit 2902 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 2902, South Ridge Towers 2
Starts from the last sale price (AED 2.25M, 31 December 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 2,250,000
- Deposit, UAE resident (20%)
- AED 450,000
- Deposit, non-resident (40%)
- AED 900,000
- Monthly over 25 years at 3.7%
- AED 9,205
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →