1002, South Ridge Towers 3
Sold prices and rental history: sold 3 times, last in July 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1002, South Ridge Towers 3
What is 1002 worth today?
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Source: Dubai Land Department. Updated 11 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,560 sqft
- Floor
- 10th of 25
- Parking
- L1-061
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 29,900 /yr
- Last sold
- AED 3.2M · July 2024
- Building
- South Ridge Towers 3
About 1002, South Ridge Towers 3
1002 is a two-bedroom apartment of 1,560 sqft on the 10th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 11 July 2024 for AED 3,200,000, or AED 2,051 per sqft, 3% above the AED 1,987 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 February 2024, is AED 160,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 29,900 a year.
Sales and rents for 1002 over time
1002 has sold 3 times; 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 3, and where 1002 sits
All 47 2-beds →1002 last sold in July 2024 at AED 2,051 per sqft, 3% above what two-beds in South Ridge Towers 3 were fetching at the time (AED 1,987). Over the last 12 months two-beds sold for AED 3,000,000 to 3,400,000, around AED 1,924 per sqft, and rent for AED 150,000 to 240,000 a year. 1002's AED 160,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 1,663 sqft | 3,400,000 | 2,044 | ||
| 11 May 202611 May 2026 | 1,663 sqft | 3,000,000 | 1,803 | ||
| 9 Sep 20259 September 2025 | 1,663 sqft | 3,580,000 | 2,152 | ||
| 26 Jun 202526 June 2025 | 1,560 sqft | 2,650,000 | 1,698 |
South Ridge Towers 3
Building117 apartments, studios to 3-bed over 25 floors in Downtown Dubai, completed in 2008 by Emaar. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,902
- Typical sale
- AED 1.95M
- Typical rent
- AED 120K /yr
- Typical yield
- 5.9%
Other units on the 10th floor
All 117 units in South Ridge Towers 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,663 sqft | AED 3.1MAED 3,100,000 · Nov 2013November 2013 | 190,000 /yr | |
| 1003 | 1-bed | 1,025 sqft | AED 2MAED 1,995,000 · Oct 2025October 2025 | 132,600 /yr | |
| 1004 | 1-bed | 985 sqft | AED 1.13MAED 1,125,000 · Apr 2019April 2019 | 110,000 /yr | |
| 1005 | 1-bed | 974 sqft | AED 435KAED 435,444 · Jan 2011January 2011 | 90,000 /yr |
1002, South Ridge Towers 3 in numbers
- Sold 3 times: first on 27 June 2010 for AED 1,164,944, last on 11 July 2024 for AED 3,200,000 (AED 2,051 per sqft).
- Rented since February 2022 on 3 Ejari contracts, at AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 29,900 a year (AED 19.17 per sqft).
- Two-beds in South Ridge Towers 3 sold for AED 3,000,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,902 per sqft.
Source: Dubai Land Department. Updated 11 July 2024.
Questions about 1002, South Ridge Towers 3
What did unit 1002 last sell for?
AED 3,200,000 on 11 July 2024: AED 2,051 per sqft for 1,560 sqft. The unit has 3 registered sales; the first was AED 1,164,944 in June 2010.
What is the rent for unit 1002?
AED 160,000 a year on the contract renewed on 20 February 2024. The previous contract, from February 2023, was AED 160,000; the unit has been rented since February 2022.
How big is unit 1002?
1,560 sqft (144.9 sqm): a two-bedroom apartment on the 10th floor of a 25-storey tower completed in 2008.
What is unit 1002 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 3 sold for AED 3,000,000 to 3,400,000 in the last 12 months, around AED 1,924 per sqft.
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Mortgage on 1002, South Ridge Towers 3
Starts from the last sale price (AED 3.2M, 11 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,200,000
- Deposit, UAE resident (20%)
- AED 640,000
- Deposit, non-resident (40%)
- AED 1,280,000
- Monthly over 25 years at 3.7%
- AED 13,092
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →