501, South Ridge Towers 3
Sold prices and rental history: sold twice, last in December 2018, 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 501, South Ridge Towers 3
What is 501 worth today?
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Source: Dubai Land Department. Updated 11 December 2018.
Key facts
- Type
- 2-bed apartment
- Size
- 1,663 sqft
- Floor
- 5th of 25
- Parking
- B1-302
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,900 /yr
- Last sold
- AED 2.2M · December 2018
- Building
- South Ridge Towers 3
About 501, South Ridge Towers 3
501 is a two-bedroom apartment of 1,663 sqft on the 5th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 11 December 2018 for AED 2,200,000, or AED 1,322 per sqft.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 20 January 2018, is AED 145,000 a year: a gross yield of 6.6% on the 2018 price, before the service charge of about AED 31,900 a year.
Sales and rents for 501 over time
501 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 501 sits
All 47 2-beds →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. 501's AED 145,000 is at the bottom 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 5th floor
All 117 units in South Ridge Towers 3501, South Ridge Towers 3 in numbers
- Sold twice: first on 24 July 2013 for AED 815,444, last on 11 December 2018 for AED 2,200,000 (AED 1,322 per sqft).
- Rented since February 2013 on 6 Ejari contracts, from AED 114,000 to AED 145,000 a year.
- At AED 145,000 a year the gross yield on the 2018 price is 6.6%, before a service charge of about AED 31,900 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 11 December 2018.
Questions about 501, South Ridge Towers 3
What did unit 501 last sell for?
AED 2,200,000 on 11 December 2018: AED 1,322 per sqft for 1,663 sqft. The unit has 2 registered sales; the first was AED 815,444 in July 2013.
What is the rent for unit 501?
AED 145,000 a year on the contract signed on 20 January 2018. The previous contract, from December 2016, was AED 168,000; the unit has been rented since February 2013.
How big is unit 501?
1,663 sqft (154.5 sqm): a two-bedroom apartment on the 5th floor of a 25-storey tower completed in 2008.
What is unit 501 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 501, South Ridge Towers 3
Starts from the last sale price (AED 2.2M, 11 December 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,200,000
- Deposit, UAE resident (20%)
- AED 440,000
- Deposit, non-resident (40%)
- AED 880,000
- Monthly over 25 years at 3.7%
- AED 9,001
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →