1-bed · 1,089 sqftSouth Ridge Towers 2, Downtown Dubai · 6th floor · completed 2008

605, South Ridge Towers 2

Sold prices and rental history: sold 3 times, last in March 2021, and rented since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 28 March 2021
Last soldAED 1.22M28 March 2021
Current rentAED 100K /yr15 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, South Ridge Towers 2

What is 605 worth today?

Last sold for AED 1,220,000 in 2021

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28 Mar 2021SoldReady
AED 1,220,000AED 1,120 per sqft
15 Nov 2019RentedNew contract
AED 100,000/yr12 months · AED 92 per sqft
13 Mar 2013SoldReady
AED 1,500,000AED 1,377 per sqft
12 Jul 2011RentedNew contract
AED 75,000/yr12 months · AED 69 per sqft
26 Jul 2009Sold by developerReady
AED 931,888AED 855 per sqft

Source: Dubai Land Department. Updated 28 March 2021.

Key facts

Type
1-bed apartment
Size
1,089 sqft
Floor
6th of 33
Parking
B2-131
Developer
Emaar
Completed
2008
Service charge
AED 20,900 /yr
Last sold
AED 1.22M · March 2021

About 605, South Ridge Towers 2

605 is a one-bedroom apartment of 1,089 sqft on the 6th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 28 March 2021 for AED 1,220,000, or AED 1,120 per sqft, 11% above the AED 1,010 one-beds in the building were fetching at the time.

It has been rented since 2011 on 2 Ejari contracts. The current contract, signed on 15 November 2019, is AED 100,000 a year: a gross yield of 8.2% on the 2021 price, before the service charge of about AED 20,900 a year.

Sales and rents for 605 over time

Sales
Unit 605, 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, July 2009: AED 931,888 (AED 855 per sqft)Sold, March 2013: AED 1,500,000 (AED 1,377 per sqft)Sold, March 2021: AED 1,220,000 (AED 1,120 per sqft)

605 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 605, each contractTypical one-bed in South Ridge Towers 2
80K100K120K20112015201920232027Typical 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, July 2011: AED 75,000 a yearNew contract, November 2019: AED 100,000 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 605 sits

All 95 1-beds →

605 last sold in March 2021 at AED 1,120 per sqft, 11% above what one-beds in South Ridge Towers 2 were fetching at the time (AED 1,010). 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. 605's AED 100,000 is in the lower half 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 6th floor

All 158 units in South Ridge Towers 2
Value
6012-bedAED 4.2M · Sep 2014
6022-bedAED 1.66M · Mar 2010
6031-bedAED 1.49M · Mar 2023
6041-bedAED 778K · Mar 2011

605, South Ridge Towers 2 in numbers

  • Sold 3 times: first on 26 July 2009 for AED 931,888, last on 28 March 2021 for AED 1,220,000 (AED 1,120 per sqft).
  • Rented since July 2011 on 2 Ejari contracts, from AED 75,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 8.2%, before a service charge of about AED 20,900 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 28 March 2021.

Questions about 605, South Ridge Towers 2

What did unit 605 last sell for?

AED 1,220,000 on 28 March 2021: AED 1,120 per sqft for 1,089 sqft. The unit has 3 registered sales; the first was AED 931,888 in July 2009.

What is the rent for unit 605?

AED 100,000 a year on the contract signed on 15 November 2019. The previous contract, from July 2011, was AED 75,000.

How big is unit 605?

1,089 sqft (101.2 sqm): a one-bedroom apartment on the 6th floor of a 33-storey tower completed in 2008.

What is unit 605 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 605, South Ridge Towers 2

Starts from the last sale price (AED 1.22M, 28 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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