2-bed · 1,560 sqftSouth Ridge Towers 3, Downtown Dubai · 19th floor · completed 2008

1902, South Ridge Towers 3

Sold prices and rental history: sold 3 times, last in October 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1902 · DLD and Ejari recordsUpdated 12 October 2017
Last soldAED 2.67M12 October 2017
Current rentAED 175K /yr20 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1902, South Ridge Towers 3

What is 1902 worth today?

Last sold for AED 2,670,000 in 2017

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12 Oct 2017SoldReady
AED 2,670,000AED 1,711 per sqft
20 Jul 2016RentedNew contract
AED 175,000/yr12 months · AED 112 per sqft
20 Jul 2014RentedNew contract
AED 175,000/yr12 months · AED 112 per sqft
18 Sep 2011SoldReady
AED 1,850,000AED 1,185 per sqft
2 Aug 2010Sold by developerReady
AED 936,944AED 600 per sqft

Source: Dubai Land Department. Updated 12 October 2017.

Key facts

Type
2-bed apartment
Size
1,560 sqft
Floor
19th of 25
Parking
G-P-02
Developer
Emaar
Completed
2008
Service charge
AED 29,900 /yr
Last sold
AED 2.67M · October 2017

About 1902, South Ridge Towers 3

1902 is a two-bedroom apartment of 1,560 sqft on the 19th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 12 October 2017 for AED 2,670,000, or AED 1,711 per sqft, 9% below the AED 1,879 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 20 July 2016, is AED 175,000 a year: a gross yield of 6.6% on the 2017 price, before the service charge of about AED 29,900 a year.

Sales and rents for 1902 over time

Sales
Unit 1902, each saleTypical two-bed in South Ridge Towers 3
2M4M2009201420192024Typical sale price by year: 2009 AED 910,444; 2010 AED 1,806,944; 2011 AED 1,783,888; 2012 AED 1,942,444; 2013 AED 2,440,000; 2014 AED 3,700,000; 2016 AED 3,000,000; 2017 AED 2,830,000; 2020 AED 1,675,000; 2022 AED 2,575,000; 2023 AED 3,000,000; 2024 AED 3,200,000; 2025 AED 3,580,000Sold by developer, August 2010: AED 936,944 (AED 600 per sqft)Sold, September 2011: AED 1,850,000 (AED 1,185 per sqft)Sold, October 2017: AED 2,670,000 (AED 1,711 per sqft)

1902 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1902, each contractTypical two-bed in South Ridge Towers 3
150K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 150,000; 2014 AED 168,711; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 165,000; 2018 AED 150,000; 2019 AED 137,500; 2020 AED 123,750; 2021 AED 119,000; 2022 AED 130,000; 2023 AED 140,000; 2024 AED 160,000; 2025 AED 180,000; 2026 AED 170,000New contract, July 2014: AED 175,000 a yearNew contract, July 2016: AED 175,000 a year

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 1902 sits

All 47 2-beds →

1902 last sold in October 2017 at AED 1,711 per sqft, 9% below what two-beds in South Ridge Towers 3 were fetching at the time (AED 1,879). 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. 1902's AED 175,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20263,400,000
11 May 20263,000,000
9 Sep 20253,580,000
26 Jun 20252,650,000
2 2-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 19th floor

All 117 units in South Ridge Towers 3
Value
19012-bedAED 887K · Mar 2014
19031-bedAED 1.61M · Jun 2023
19041-bedAED 860K · Aug 2010
19051-bedAED 1.68M · Jun 2015

1902, South Ridge Towers 3 in numbers

  • Sold 3 times: first on 2 August 2010 for AED 936,944, last on 12 October 2017 for AED 2,670,000 (AED 1,711 per sqft).
  • Rented since July 2014 on 2 Ejari contracts, at AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2017 price is 6.6%, 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 12 October 2017.

Questions about 1902, South Ridge Towers 3

What did unit 1902 last sell for?

AED 2,670,000 on 12 October 2017: AED 1,711 per sqft for 1,560 sqft. The unit has 3 registered sales; the first was AED 936,944 in August 2010.

What is the rent for unit 1902?

AED 175,000 a year on the contract signed on 20 July 2016. The previous contract, from July 2014, was AED 175,000.

How big is unit 1902?

1,560 sqft (144.9 sqm): a two-bedroom apartment on the 19th floor of a 25-storey tower completed in 2008.

What is unit 1902 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 1902, South Ridge Towers 3

Starts from the last sale price (AED 2.67M, 12 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,670,000
Deposit, UAE resident (20%)
AED 534,000
Deposit, non-resident (40%)
AED 1,068,000
Monthly over 25 years at 3.7%
AED 10,924

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