2-bed · 811 sqftSouth Ridge Towers 2, Downtown Dubai · 7th floor · completed 2008

701, South Ridge Towers 2

Sold prices and rental history: sold once, by the developer in November 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 13 November 2011
Last soldAED 2.43M13 November 2011
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, South Ridge Towers 2

What is 701 worth today?

Last sold for AED 2,429,888 in 2011

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

13 Nov 2011Sold by developerReady
AED 2,429,888AED 1,498 per sqft

Source: Dubai Land Department. Updated 13 November 2011.

Key facts

Type
2-bed apartment
Size
811 sqft
Floor
7th of 33
Parking
L1-066
Developer
Emaar
Completed
2008
Service charge
AED 15,500 /yr
Last sold
AED 2.43M · November 2011

About 701, South Ridge Towers 2

701 is a two-bedroom apartment of 811 sqft on the 7th floor of South Ridge Towers 2, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 13 November 2011 for AED 2,429,888, or AED 1,498 per sqft, 30% above the AED 1,155 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in South Ridge Towers 2
2M4M2009201420192024Typical sale price by year: 2009 AED 1,779,444; 2010 AED 1,726,175; 2011 AED 1,899,888; 2012 AED 2,200,000; 2013 AED 2,865,000; 2014 AED 4,100,000; 2022 AED 2,550,000; 2023 AED 2,750,000; 2024 AED 3,100,000; 2025 AED 3,250,000; 2026 AED 3,725,000Sold by developer, November 2011: AED 2,429,888 (AED 1,498 per sqft)

701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 701, each contractTypical two-bed in South Ridge Towers 2
150K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 150,000; 2014 AED 168,000; 2015 AED 168,531; 2016 AED 170,000; 2017 AED 165,000; 2018 AED 150,000; 2019 AED 135,000; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 129,250; 2023 AED 147,000; 2024 AED 175,000; 2025 AED 180,000; 2026 AED 180,000

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 701 sits

All 61 2-beds →

701 last sold in November 2011 at AED 1,498 per sqft, 30% above 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.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Sep 20263,750,000
7 Aug 20264,000,000
29 Apr 20263,700,000
26 Feb 20263,475,000
4 2-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 7th floor

All 158 units in South Ridge Towers 2
Value
7022-bedAED 3.19M · Jan 2014
7031-bedAED 1.41M · Nov 2022
7041-bedAED 1.4M · Jan 2024
7051-bedAED 1.6M · May 2025

701, South Ridge Towers 2 in numbers

  • Sold once: by Emaar on 13 November 2011 for AED 2,429,888, or AED 1,498 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 November 2011.

Questions about 701, South Ridge Towers 2

What did unit 701 last sell for?

AED 2,429,888 on 13 November 2011, sold by the developer: AED 1,498 per sqft for 811 sqft. It is the only registered sale of the unit.

How big is unit 701?

811 sqft (75.3 sqm): a two-bedroom apartment on the 7th floor of a 33-storey tower completed in 2008.

What is unit 701 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 701? 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.

How OpenOffers works

Mortgage on 701, South Ridge Towers 2

Starts from the last sale price (AED 2.43M, 13 November 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,429,888
Deposit, UAE resident (20%)
AED 485,978
Deposit, non-resident (40%)
AED 971,955
Monthly over 25 years at 3.7%
AED 9,941

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