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1-bed · 1,025 sqftSouth Ridge Towers 3, Downtown Dubai · 16th floor · completed 2008

1603, South Ridge Towers 3

Sold prices and rental history: sold twice, last in May 2015, and rented once, from April 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 11 May 2015
Last soldAED 1.78M11 May 2015
Current rentAED 90K /yr16 April 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, South Ridge Towers 3

What is 1603 worth today?

Last sold for AED 1,775,000 in 2015

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11 May 2015SoldReady
AED 1,775,000AED 1,731 per sqft
16 Apr 2013RentedNew contract
AED 90,000/yr12 months · AED 88 per sqft
11 Aug 2010Sold by developerReady
AED 471,444AED 459 per sqft

Source: Dubai Land Department. Updated 11 May 2015.

Key facts

Type
1-bed apartment
Size
1,025 sqft
Floor
16th of 25
Parking
B2-232
Developer
Emaar
Completed
2008
Service charge
AED 19,700 /yr
Last sold
AED 1.78M · May 2015
Building
South Ridge Towers 3

About 1603, South Ridge Towers 3

1603 is a one-bedroom apartment of 1,025 sqft on the 16th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 11 May 2015 for AED 1,775,000, or AED 1,731 per sqft, 11% below the AED 1,954 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 April 2013. The current contract, signed on 16 April 2013, is AED 90,000 a year: a gross yield of 5.1% on the 2015 price, before the service charge of about AED 19,700 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical one-bed in South Ridge Towers 3
1M2M2009201420192024Typical sale price by year: 2009 AED 909,888; 2010 AED 852,388; 2011 AED 519,944; 2012 AED 954,944; 2013 AED 1,550,000; 2014 AED 1,944,000; 2015 AED 1,600,000; 2016 AED 1,565,000; 2017 AED 1,595,000; 2019 AED 1,100,000; 2021 AED 1,215,000; 2022 AED 1,340,000; 2023 AED 1,540,000; 2024 AED 1,785,000; 2025 AED 2,025,000; 2026 AED 1,875,000Sold by developer, August 2010: AED 471,444 (AED 459 per sqft)Sold, May 2015: AED 1,775,000 (AED 1,731 per sqft)

1603 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1603, each contractTypical one-bed in South Ridge Towers 3
75K100K2013201720212025Typical rent by year: 2013 AED 90,000; 2014 AED 115,000; 2015 AED 115,000; 2016 AED 115,000; 2017 AED 107,000; 2018 AED 94,000; 2019 AED 85,000; 2020 AED 70,000; 2021 AED 72,520; 2022 AED 84,500; 2023 AED 100,000; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 115,000New contract, April 2013: AED 90,000 a year

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 1603 sits

All 67 1-beds →

1603 last sold in May 2015 at AED 1,731 per sqft, 11% below what one-beds in South Ridge Towers 3 were fetching at the time (AED 1,954). 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. 1603's AED 90,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Aug 20261,950,000
16 Jun 20261,800,000
7 Jun 20261,750,000
11 Mar 20261,950,000
5 1-bed sales in the last 12 months

South Ridge Towers 3

Building

117 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%
South Ridge Towers 3, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 117 units in South Ridge Towers 3
Value
16012-bedAED 872K · Mar 2013
16022-bedAED 3.64M · Aug 2010
16041-bedAED 1.8M · Nov 2024
16051-bedAED 1.45M · May 2023

1603, South Ridge Towers 3 in numbers

  • Sold twice: first on 11 August 2010 for AED 471,444, last on 11 May 2015 for AED 1,775,000 (AED 1,731 per sqft).
  • Rented since April 2013 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2015 price is 5.1%, before a service charge of about AED 19,700 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 May 2015.

Questions about 1603, South Ridge Towers 3

What did unit 1603 last sell for?

AED 1,775,000 on 11 May 2015: AED 1,731 per sqft for 1,025 sqft. The unit has 2 registered sales; the first was AED 471,444 in August 2010.

What is the rent for unit 1603?

AED 90,000 a year on the contract signed on 16 April 2013.

How big is unit 1603?

1,025 sqft (95.2 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2008.

What is unit 1603 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 1603, South Ridge Towers 3

Starts from the last sale price (AED 1.78M, 11 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,775,000
Deposit, UAE resident (20%)
AED 355,000
Deposit, non-resident (40%)
AED 710,000
Monthly over 25 years at 3.7%
AED 7,262

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