501, South Ridge Towers 2
Sold prices and rental history: sold twice, last in December 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, South Ridge Towers 2
What is 501 worth today?
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Source: Dubai Land Department. Updated 8 November 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,622 sqft
- Floor
- 5th of 33
- Parking
- L1-068
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,100 /yr
- Last sold
- AED 4.2M · December 2014
- Building
- South Ridge Towers 2
About 501, South Ridge Towers 2
501 is a two-bedroom apartment of 1,622 sqft on the 5th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 11 December 2014 for AED 4,200,000, or AED 2,589 per sqft, 7% above the AED 2,412 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 8 November 2020, is AED 120,000 a year: a gross yield of 2.9% on the 2014 price, before the service charge of about AED 31,100 a year.
Sales and rents for 501 over time
501 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 501 sits
All 61 2-beds →501 last sold in December 2014 at AED 2,589 per sqft, 7% above what two-beds in South Ridge Towers 2 were fetching at the time (AED 2,412). 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. 501's AED 120,000 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 5th floor
All 158 units in South Ridge Towers 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 839 sqft | AED 1.65MAED 1,648,888 · Sep 2011September 2011 | 120,000 /yr | |
| 503 | 1-bed | 1,129 sqft | AED 1.86MAED 1,860,000 · Jan 2025January 2025 | 112,000 /yr | |
| 504 | 1-bed | 936 sqft | AED 1.83MAED 1,825,000 · Jan 2014January 2014 | 95,000 /yr | |
| 505 | 1-bed | 1,089 sqft | AED 2.25MAED 2,250,000 · Apr 2025April 2025 | 105,000 /yr |
501, South Ridge Towers 2 in numbers
- Sold twice: first on 8 June 2010 for AED 2,397,888, last on 11 December 2014 for AED 4,200,000 (AED 2,589 per sqft).
- Rented since March 2012 on 5 Ejari contracts, from AED 130,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2014 price is 2.9%, 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 8 November 2020.
Questions about 501, South Ridge Towers 2
What did unit 501 last sell for?
AED 4,200,000 on 11 December 2014: AED 2,589 per sqft for 1,622 sqft. The unit has 2 registered sales; the first was AED 2,397,888 in June 2010.
What is the rent for unit 501?
AED 120,000 a year on the contract renewed on 8 November 2020. The previous contract, from November 2019, was AED 130,000; the unit has been rented since March 2012.
How big is unit 501?
1,622 sqft (150.7 sqm): a two-bedroom apartment on the 5th floor of a 33-storey tower completed in 2008.
What is unit 501 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 501, South Ridge Towers 2
Starts from the last sale price (AED 4.2M, 11 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 4,200,000
- Deposit, UAE resident (20%)
- AED 840,000
- Deposit, non-resident (40%)
- AED 1,680,000
- Monthly over 25 years at 3.7%
- AED 17,184
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →