1505, South Ridge Towers 3
Sold prices and rental history: sold 4 times, last in June 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, South Ridge Towers 3
What is 1505 worth today?
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Source: Dubai Land Department. Updated 11 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 974 sqft
- Floor
- 15th of 25
- Parking
- B2-144
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 18,700 /yr
- Last sold
- AED 1.8M · June 2024
- Building
- South Ridge Towers 3
About 1505, South Ridge Towers 3
1505 is a one-bedroom apartment of 974 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 11 June 2024 for AED 1,800,000, or AED 1,847 per sqft, 9% above the AED 1,700 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 7 October 2023, is AED 110,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 18,700 a year.
Sales and rents for 1505 over time
1505 has sold 4 times; the dashed line is the one-bed median of each year in the building.
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 3, and where 1505 sits
All 67 1-beds →1505 last sold in June 2024 at AED 1,847 per sqft, 9% above what one-beds in South Ridge Towers 3 were fetching at the time (AED 1,700). Over the last 12 months one-beds sold for AED 1,750,000 to 2,000,000, around AED 1,902 per sqft, and rent for AED 90,000 to 180,000 a year. 1505's AED 110,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Aug 202627 August 2026 | 1,025 sqft | 1,950,000 | 1,902 | ||
| 16 Jun 202616 June 2026 | 974 sqft | 1,800,000 | 1,848 | ||
| 7 Jun 20267 June 2026 | 974 sqft | 1,750,000 | 1,796 | ||
| 11 Mar 202611 March 2026 | 974 sqft | 1,950,000 | 2,002 |
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 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,663 sqft | AED 1.65MAED 1,650,000 · Oct 2020October 2020 | 165,000 /yr | |
| 1502 | 2-bed | 1,560 sqft | AED 2.03MAED 2,025,000 · Feb 2021February 2021 | 240,000 /yr | |
| 1503 | 1-bed | 1,025 sqft | AED 937KAED 936,888 · Aug 2010August 2010 | 100,000 /yr | |
| 1504 | 1-bed | 985 sqft | AED 1.38MAED 1,380,000 · Oct 2022October 2022 |
1505, South Ridge Towers 3 in numbers
- Sold 4 times: first on 18 April 2010 for AED 450,944, last on 11 June 2024 for AED 1,800,000 (AED 1,847 per sqft).
- Rented since July 2015 on 10 Ejari contracts. The rent fell from AED 115,000 to AED 77,000 in 2021 and recovered to AED 110,000 by October 2023.
- At AED 110,000 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 18,700 a year (AED 19.17 per sqft).
- One-beds in South Ridge Towers 3 sold for AED 1,750,000–2,000,000 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 June 2024.
Questions about 1505, South Ridge Towers 3
What did unit 1505 last sell for?
AED 1,800,000 on 11 June 2024: AED 1,847 per sqft for 974 sqft. The unit has 4 registered sales; the first was AED 450,944 in April 2010.
What is the rent for unit 1505?
AED 110,000 a year on the contract renewed on 7 October 2023. The previous contract, from October 2022, was AED 100,000; the unit has been rented since July 2015.
How big is unit 1505?
974 sqft (90.5 sqm): a one-bedroom apartment on the 15th floor of a 25-storey tower completed in 2008.
What is unit 1505 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 3 sold for AED 1,750,000 to 2,000,000 in the last 12 months, around AED 1,902 per sqft.
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Mortgage on 1505, South Ridge Towers 3
Starts from the last sale price (AED 1.8M, 11 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →