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

303, South Ridge Towers 3

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 21 April 2024
Last soldAED 1.54M13 December 2023
Current rentAED 81K /yr21 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, South Ridge Towers 3

What is 303 worth today?

Last sold for AED 1,540,000 in 2023

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21 Apr 2024RentedRenewal
AED 80,851/yr8 months · AED 79 per sqft
21 Apr 2024RentedNew contract
AED 80,851/yr8 months · AED 79 per sqft
13 Dec 2023SoldReady
AED 1,540,000AED 1,502 per sqft
21 Apr 2023RentedRenewal
AED 77,000/yr12 months · AED 75 per sqft
21 Apr 2022RentedRenewal
AED 70,000/yr12 months · AED 68 per sqft
21 Apr 2021RentedRenewal
AED 70,000/yr12 months · AED 68 per sqft
21 Apr 2020RentedRenewal
AED 80,000/yr12 months · AED 78 per sqft
21 Apr 2019RentedRenewal
AED 85,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 21 April 2024.

Key facts

Type
1-bed apartment
Size
1,025 sqft
Floor
3rd of 25
Parking
B1-292
Developer
Emaar
Completed
2008
Service charge
AED 19,700 /yr
Last sold
AED 1.54M · December 2023

About 303, South Ridge Towers 3

303 is a one-bedroom apartment of 1,025 sqft on the 3rd floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 13 December 2023 for AED 1,540,000, or AED 1,502 per sqft, in line with the AED 1,502 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 21 April 2024, is AED 80,851 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 19,700 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, November 2009: AED 431,444 (AED 420 per sqft)Sold, December 2023: AED 1,540,000 (AED 1,502 per sqft)

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

Rents
Unit 303, 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 2014: AED 105,000 a yearNew contract, April 2016: AED 105,000 a yearRenewal, April 2017: AED 105,000 a yearRenewal, April 2018: AED 100,000 a yearRenewal, April 2019: AED 85,000 a yearRenewal, April 2020: AED 80,000 a yearRenewal, April 2021: AED 70,000 a yearRenewal, April 2022: AED 70,000 a yearRenewal, April 2023: AED 77,000 a yearRenewal, April 2024: AED 80,851 a yearNew contract, April 2024: AED 80,851 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 303 sits

All 67 1-beds →

303 last sold in December 2023 at AED 1,502 per sqft, in line with what one-beds in South Ridge Towers 3 were fetching at the time (AED 1,502). 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. 303's AED 80,851 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 3rd floor

All 117 units in South Ridge Towers 3
Value
3012-bedAED 3M · Jan 2016
3022-bedAED 2.65M · Oct 2022
3041-bedAED 1.25M · May 2021
3051-bedAED 1.44M · Jul 2023

303, South Ridge Towers 3 in numbers

  • Sold twice: first on 9 November 2009 for AED 431,444, last on 13 December 2023 for AED 1,540,000 (AED 1,502 per sqft).
  • Rented since April 2014 on 11 Ejari contracts. The rent fell from AED 105,000 to AED 70,000 in 2022 and recovered to AED 80,851 by April 2024.
  • At AED 80,851 a year the gross yield on the 2023 price is 5.3%, 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 21 April 2024.

Questions about 303, South Ridge Towers 3

What did unit 303 last sell for?

AED 1,540,000 on 13 December 2023: AED 1,502 per sqft for 1,025 sqft. The unit has 2 registered sales; the first was AED 431,444 in November 2009.

What is the rent for unit 303?

AED 80,851 a year on the contract renewed on 21 April 2024. The previous contract, from April 2024, was AED 80,851; the unit has been rented since April 2014.

How big is unit 303?

1,025 sqft (95.2 sqm): a one-bedroom apartment on the 3rd floor of a 25-storey tower completed in 2008.

What is unit 303 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 303, South Ridge Towers 3

Starts from the last sale price (AED 1.54M, 13 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,540,000
Deposit, UAE resident (20%)
AED 308,000
Deposit, non-resident (40%)
AED 616,000
Monthly over 25 years at 3.7%
AED 6,301

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