1501, South Ridge Towers 3
Sold prices and rental history: sold 3 times, last in October 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, South Ridge Towers 3
What is 1501 worth today?
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Source: Dubai Land Department. Updated 28 October 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,663 sqft
- Floor
- 15th of 25
- Parking
- B1-289
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,900 /yr
- Last sold
- AED 1.65M · October 2020
- Building
- South Ridge Towers 3
About 1501, South Ridge Towers 3
1501 is a two-bedroom apartment of 1,663 sqft on the 15th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 28 October 2020 for AED 1,650,000, or AED 992 per sqft.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 15 August 2017, is AED 165,000 a year: a gross yield of 10.0% on the 2020 price, before the service charge of about AED 31,900 a year.
Sales and rents for 1501 over time
1501 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 1501 sits
All 47 2-beds →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. 1501's AED 165,000 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 15th floor
All 117 units in South Ridge Towers 31501, South Ridge Towers 3 in numbers
- Sold 3 times: first on 11 August 2010 for AED 2,300,000, last on 28 October 2020 for AED 1,650,000 (AED 992 per sqft).
- Rented since January 2014 on 5 Ejari contracts, from AED 140,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2020 price is 10.0%, before a service charge of about AED 31,900 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 28 October 2020.
Questions about 1501, South Ridge Towers 3
What did unit 1501 last sell for?
AED 1,650,000 on 28 October 2020: AED 992 per sqft for 1,663 sqft. The unit has 3 registered sales; the first was AED 2,300,000 in August 2010.
What is the rent for unit 1501?
AED 165,000 a year on the contract renewed on 15 August 2017. The previous contract, from August 2016, was AED 165,000; the unit has been rented since January 2014.
How big is unit 1501?
1,663 sqft (154.5 sqm): a two-bedroom apartment on the 15th floor of a 25-storey tower completed in 2008.
What is unit 1501 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 1501, South Ridge Towers 3
Starts from the last sale price (AED 1.65M, 28 October 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,000
- Deposit, UAE resident (20%)
- AED 330,000
- Deposit, non-resident (40%)
- AED 660,000
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →