2303, South Ridge Towers 3
Sold prices and rental history: sold 3 times, last in June 2022, 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 2303, South Ridge Towers 3
What is 2303 worth today?
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Source: Dubai Land Department. Updated 17 June 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 1,025 sqft
- Floor
- 23rd of 25
- Parking
- B2-230
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 19,700 /yr
- Last sold
- AED 1.43M · June 2022
- Building
- South Ridge Towers 3
About 2303, South Ridge Towers 3
2303 is a one-bedroom apartment of 1,025 sqft on the 23rd floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 17 June 2022 for AED 1,425,000, or AED 1,390 per sqft, 5% above the AED 1,319 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 25 September 2021, is AED 73,000 a year: a gross yield of 5.1% on the 2022 price, before the service charge of about AED 19,700 a year.
Sales and rents for 2303 over time
2303 has sold 3 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 2303 sits
All 67 1-beds →2303 last sold in June 2022 at AED 1,390 per sqft, 5% above what one-beds in South Ridge Towers 3 were fetching at the time (AED 1,319). 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. 2303's AED 73,000 is at the bottom 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 23rd floor
All 117 units in South Ridge Towers 32303, South Ridge Towers 3 in numbers
- Sold 3 times: first on 24 February 2009 for AED 2,500,000, last on 17 June 2022 for AED 1,425,000 (AED 1,390 per sqft).
- Rented since May 2015 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 65,000 in 2020 and recovered to AED 73,000 by September 2021.
- At AED 73,000 a year the gross yield on the 2022 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 17 June 2022.
Questions about 2303, South Ridge Towers 3
What did unit 2303 last sell for?
AED 1,425,000 on 17 June 2022: AED 1,390 per sqft for 1,025 sqft. The unit has 3 registered sales; the first was AED 2,500,000 in February 2009.
What is the rent for unit 2303?
AED 73,000 a year on the contract renewed on 25 September 2021. The previous contract, from September 2020, was AED 65,000; the unit has been rented since May 2015.
How big is unit 2303?
1,025 sqft (95.2 sqm): a one-bedroom apartment on the 23rd floor of a 25-storey tower completed in 2008.
What is unit 2303 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 2303, South Ridge Towers 3
Starts from the last sale price (AED 1.43M, 17 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,425,000
- Deposit, UAE resident (20%)
- AED 285,000
- Deposit, non-resident (40%)
- AED 570,000
- Monthly over 25 years at 3.7%
- AED 5,830
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →