401, South Ridge Towers 2
Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, South Ridge Towers 2
What is 401 worth today?
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Source: Dubai Land Department. Updated 13 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,622 sqft
- Floor
- 4th of 33
- Parking
- B2-215
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,100 /yr
- Last sold
- AED 1.62M · July 2010
- Building
- South Ridge Towers 2
About 401, South Ridge Towers 2
401 is a two-bedroom apartment of 1,622 sqft on the 4th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 6 July 2010 for AED 1,623,888, or AED 1,001 per sqft, 6% below the AED 1,067 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 13 October 2023, is AED 132,825 a year: a gross yield of 8.2% on the 2010 price, before the service charge of about AED 31,100 a year.
Sales and rents for 401 over time
401 has sold once; 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 401 sits
All 61 2-beds →401 last sold in July 2010 at AED 1,001 per sqft, 6% below what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,067). 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. 401's AED 132,825 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 4th floor
All 158 units in South Ridge Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 2-bed | 1,679 sqft | AED 2.1MAED 2,099,230 · Nov 2021November 2021 | 205,000 /yr | |
| 403 | 1-bed | 1,129 sqft | AED 900KAED 900,000 · Sep 2014September 2014 | 88,000 /yr | |
| 404 | 1-bed | 936 sqft | AED 370KAED 370,444 · Oct 2010October 2010 | 110,000 /yr | |
| 405 | 1-bed | 1,089 sqft | AED 1.95MAED 1,950,000 · Apr 2024April 2024 | 115,000 /yr |
401, South Ridge Towers 2 in numbers
- Sold once: by Emaar on 6 July 2010 for AED 1,623,888, or AED 1,001 per sqft.
- Rented since June 2015 on 7 Ejari contracts. The rent fell from AED 160,000 to AED 115,000 in 2019 and recovered to AED 132,825 by October 2023.
- At AED 132,825 a year the gross yield on the 2010 price is 8.2%, 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 13 October 2023.
Questions about 401, South Ridge Towers 2
What did unit 401 last sell for?
AED 1,623,888 on 6 July 2010, sold by the developer: AED 1,001 per sqft for 1,622 sqft. It is the only registered sale of the unit.
What is the rent for unit 401?
AED 132,825 a year on the contract renewed on 13 October 2023. The previous contract, from October 2022, was AED 120,750; the unit has been rented since June 2015.
How big is unit 401?
1,622 sqft (150.7 sqm): a two-bedroom apartment on the 4th floor of a 33-storey tower completed in 2008.
What is unit 401 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 401, South Ridge Towers 2
Starts from the last sale price (AED 1.62M, 6 July 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,623,888
- Deposit, UAE resident (20%)
- AED 324,778
- Deposit, non-resident (40%)
- AED 649,555
- Monthly over 25 years at 3.7%
- AED 6,644
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →