502, South Ridge Towers 2
Sold prices and rental history: sold once, by the developer in September 2011, 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 502, South Ridge Towers 2
What is 502 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 24 May 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 839 sqft
- Floor
- 5th of 33
- Parking
- B2-168
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 16,100 /yr
- Last sold
- AED 1.65M · September 2011
- Building
- South Ridge Towers 2
About 502, South Ridge Towers 2
502 is a two-bedroom apartment of 839 sqft on the 5th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 6 September 2011 for AED 1,648,888, or AED 982 per sqft, 15% below the AED 1,155 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 24 May 2021, is AED 120,000 a year: a gross yield of 7.3% on the 2011 price, before the service charge of about AED 16,100 a year.
Sales and rents for 502 over time
502 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 502 sits
All 61 2-beds →502 last sold in September 2011 at AED 982 per sqft, 15% below what two-beds in South Ridge Towers 2 were fetching at the time (AED 1,155). 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. 502'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 | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,622 sqft | AED 4.2MAED 4,200,000 · Dec 2014December 2014 | 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 |
502, South Ridge Towers 2 in numbers
- Sold once: by Emaar on 6 September 2011 for AED 1,648,888, or AED 982 per sqft.
- Rented since August 2012 on 9 Ejari contracts, from AED 140,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2011 price is 7.3%, before a service charge of about AED 16,100 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 24 May 2021.
Questions about 502, South Ridge Towers 2
What did unit 502 last sell for?
AED 1,648,888 on 6 September 2011, sold by the developer: AED 982 per sqft for 839 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 120,000 a year on the contract renewed on 24 May 2021. The previous contract, from May 2020, was AED 140,000; the unit has been rented since August 2012.
How big is unit 502?
839 sqft (77.9 sqm): a two-bedroom apartment on the 5th floor of a 33-storey tower completed in 2008.
What is unit 502 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.
Selling 502? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 502, South Ridge Towers 2
Starts from the last sale price (AED 1.65M, 6 September 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,648,888
- Deposit, UAE resident (20%)
- AED 329,778
- Deposit, non-resident (40%)
- AED 659,555
- Monthly over 25 years at 3.7%
- AED 6,746
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →