1702, South Ridge Towers 3
Sold prices and rental history: sold twice, last in October 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1702, South Ridge Towers 3
What is 1702 worth today?
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Source: Dubai Land Department. Updated 10 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,560 sqft
- Floor
- 17th of 25
- Parking
- B1-310
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 29,900 /yr
- Last sold
- AED 1.88M · October 2011
- Building
- South Ridge Towers 3
About 1702, South Ridge Towers 3
1702 is a two-bedroom apartment of 1,560 sqft on the 17th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 24 October 2011 for AED 1,875,000, or AED 1,201 per sqft, 7% above the AED 1,122 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 10 April 2024, is AED 175,000 a year: a gross yield of 9.3% on the 2011 price, before the service charge of about AED 29,900 a year.
Sales and rents for 1702 over time
1702 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 1702 sits
All 47 2-beds →1702 last sold in October 2011 at AED 1,201 per sqft, 7% above what two-beds in South Ridge Towers 3 were fetching at the time (AED 1,122). 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. 1702's AED 175,000 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 17th floor
All 117 units in South Ridge Towers 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,663 sqft | AED 1.75MAED 1,745,750 · May 2011May 2011 | 150,000 /yr | |
| 1703 | 1-bed | 1,025 sqft | AED 1.7MAED 1,700,000 · Sep 2023September 2023 | 119,358 /yr | |
| 1704 | 1-bed | 985 sqft | AED 1.3MAED 1,300,000 · May 2022May 2022 | 120,000 /yr | |
| 1705 | 1-bed | 974 sqft | AED 2MAED 2,000,000 · Dec 2025December 2025 | 120,000 /yr |
1702, South Ridge Towers 3 in numbers
- Sold twice: first on 24 October 2011 for AED 1,851,888, last on 24 October 2011 for AED 1,875,000 (AED 1,201 per sqft).
- Rented since December 2013 on 9 Ejari contracts. The rent fell from AED 165,000 to AED 120,000 in 2021 and recovered to AED 175,000 by April 2024.
- At AED 175,000 a year the gross yield on the 2011 price is 9.3%, 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 10 April 2024.
Questions about 1702, South Ridge Towers 3
What did unit 1702 last sell for?
AED 1,875,000 on 24 October 2011, sold by the developer: AED 1,201 per sqft for 1,560 sqft. The unit has 2 registered sales; the first was AED 1,851,888 in October 2011.
What is the rent for unit 1702?
AED 175,000 a year on the contract renewed on 10 April 2024. The previous contract, from April 2023, was AED 140,000; the unit has been rented since December 2013.
How big is unit 1702?
1,560 sqft (144.9 sqm): a two-bedroom apartment on the 17th floor of a 25-storey tower completed in 2008.
What is unit 1702 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 1702, South Ridge Towers 3
Starts from the last sale price (AED 1.88M, 24 October 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,875,000
- Deposit, UAE resident (20%)
- AED 375,000
- Deposit, non-resident (40%)
- AED 750,000
- Monthly over 25 years at 3.7%
- AED 7,671
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →