1602, South Ridge Towers 3
Sold prices and rental history: sold twice, last in August 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, South Ridge Towers 3
What is 1602 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 23 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,560 sqft
- Floor
- 16th of 25
- Parking
- B1-309
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 29,900 /yr
- Last sold
- AED 1.75M · August 2010
- Building
- South Ridge Towers 3
About 1602, South Ridge Towers 3
1602 is a two-bedroom apartment of 1,560 sqft on the 16th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 15 August 2010 for AED 1,750,000, or AED 1,121 per sqft, in line with the AED 1,120 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 14 Ejari contracts. The current contract, signed on 23 September 2026, is AED 156,272 a year: a gross yield of 8.9% on the 2010 price, before the service charge of about AED 29,900 a year.
Sales and rents for 1602 over time
1602 has sold twice; 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 1602 sits
All 47 2-beds →1602 last sold in August 2010 at AED 1,121 per sqft, in line with what two-beds in South Ridge Towers 3 were fetching at the time (AED 1,120). 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. 1602's AED 156,272 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 16th floor
All 117 units in South Ridge Towers 31602, South Ridge Towers 3 in numbers
- Sold twice: first on 15 August 2010 for AED 3,640,000, last on 15 August 2010 for AED 1,750,000 (AED 1,121 per sqft).
- Rented since September 2012 on 14 Ejari contracts. The rent fell from AED 200,000 to AED 115,000 in 2020 and recovered to AED 156,272 by September 2026.
- At AED 156,272 a year the gross yield on the 2010 price is 8.9%, 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 23 September 2026.
Questions about 1602, South Ridge Towers 3
What did unit 1602 last sell for?
AED 1,750,000 on 15 August 2010, sold by the developer: AED 1,121 per sqft for 1,560 sqft. The unit has 2 registered sales; the first was AED 3,640,000 in August 2010.
What is the rent for unit 1602?
AED 156,272 a year on the contract signed on 23 September 2026. The previous contract, from September 2025, was AED 152,460; the unit has been rented since September 2012.
How big is unit 1602?
1,560 sqft (144.9 sqm): a two-bedroom apartment on the 16th floor of a 25-storey tower completed in 2008.
What is unit 1602 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.
Selling 1602? 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.
Mortgage on 1602, South Ridge Towers 3
Starts from the last sale price (AED 1.75M, 15 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,750,000
- Deposit, UAE resident (20%)
- AED 350,000
- Deposit, non-resident (40%)
- AED 700,000
- Monthly over 25 years at 3.7%
- AED 7,160
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →