2-bed · 1,560 sqftSouth Ridge Towers 3, Downtown Dubai · 5th floor · completed 2008

502, South Ridge Towers 3

Sold prices and rental history: sold once, by the developer in July 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 22 July 2009
Last soldAED 1.72M22 July 2009
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, South Ridge Towers 3

What is 502 worth today?

Last sold for AED 1,716,888 in 2009

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22 Jul 2009Sold by developerReady
AED 1,716,888AED 1,100 per sqft

Source: Dubai Land Department. Updated 22 July 2009.

Key facts

Type
2-bed apartment
Size
1,560 sqft
Floor
5th of 25
Parking
B1-273
Developer
Emaar
Completed
2008
Service charge
AED 29,900 /yr
Last sold
AED 1.72M · July 2009

About 502, South Ridge Towers 3

502 is a two-bedroom apartment of 1,560 sqft on the 5th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 22 July 2009 for AED 1,716,888, or AED 1,100 per sqft, in line with the AED 1,100 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, 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, July 2009: AED 1,716,888 (AED 1,100 per sqft)

502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, 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 170,000

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 502 sits

All 47 2-beds →

502 last sold in July 2009 at AED 1,100 per sqft, in line with what two-beds in South Ridge Towers 3 were fetching at the time (AED 1,100). 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.

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 5th floor

All 117 units in South Ridge Towers 3
Value
5012-bedAED 2.2M · Dec 2018
5031-bedAED 1.55M · Mar 2016
5041-bedAED 394K · Mar 2010
5051-bedAED 1.73M · Sep 2025

502, South Ridge Towers 3 in numbers

  • Sold once: by Emaar on 22 July 2009 for AED 1,716,888, or AED 1,100 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 22 July 2009.

Questions about 502, South Ridge Towers 3

What did unit 502 last sell for?

AED 1,716,888 on 22 July 2009, sold by the developer: AED 1,100 per sqft for 1,560 sqft. It is the only registered sale of the unit.

How big is unit 502?

1,560 sqft (144.9 sqm): a two-bedroom apartment on the 5th floor of a 25-storey tower completed in 2008.

What is unit 502 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 502, South Ridge Towers 3

Starts from the last sale price (AED 1.72M, 22 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,716,888
Deposit, UAE resident (20%)
AED 343,378
Deposit, non-resident (40%)
AED 686,755
Monthly over 25 years at 3.7%
AED 7,024

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