2-bed · 1,663 sqftSouth Ridge Towers 3, Downtown Dubai · 8th floor · completed 2008

801, South Ridge Towers 3

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 801 · DLD and Ejari recordsUpdated 6 December 2022
Last soldAED 2.55M6 December 2022
Current rentAED 117K /yr5 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 801, South Ridge Towers 3

What is 801 worth today?

Last sold for AED 2,550,000 in 2022

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6 Dec 2022SoldReady
AED 2,550,000AED 1,533 per sqft
5 May 2022RentedRenewal
AED 117,000/yr12 months · AED 70 per sqft
5 Mar 2021RentedRenewal
AED 111,429/yr14 months · AED 67 per sqft
5 Mar 2020RentedRenewal
AED 125,000/yr12 months · AED 75 per sqft
5 Feb 2019RentedNew contract
AED 125,538/yr13 months · AED 75 per sqft
4 Feb 2018RentedNew contract
AED 158,000/yr12 months · AED 95 per sqft
30 Jun 2016RentedNew contract
AED 167,000/yr12 months · AED 100 per sqft
1 Jul 2015RentedNew contract
AED 170,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 6 December 2022.

Key facts

Type
2-bed apartment
Size
1,663 sqft
Floor
8th of 25
Parking
B1-304
Developer
Emaar
Completed
2008
Service charge
AED 31,900 /yr
Last sold
AED 2.55M · December 2022

About 801, South Ridge Towers 3

801 is a two-bedroom apartment of 1,663 sqft on the 8th floor of South Ridge Towers 3, a 25-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 6 December 2022 for AED 2,550,000, or AED 1,533 per sqft, 6% below the AED 1,639 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 5 May 2022, is AED 117,000 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 31,900 a year.

Sales and rents for 801 over time

Sales
Unit 801, 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, December 2009: AED 830,944 (AED 499 per sqft)Sold, December 2022: AED 2,550,000 (AED 1,533 per sqft)

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

Rents
Unit 801, each contractTypical two-bed in South Ridge Towers 3
100K150K2012201620202024Typical 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, November 2012: AED 125,000 a yearNew contract, November 2013: AED 140,000 a yearRenewal, November 2014: AED 154,000 a yearNew contract, July 2015: AED 170,000 a yearNew contract, June 2016: AED 167,000 a yearNew contract, February 2018: AED 158,000 a yearNew contract, February 2019: AED 125,538 a yearRenewal, March 2020: AED 125,000 a yearRenewal, March 2021: AED 111,429 a yearRenewal, May 2022: AED 117,000 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 801 sits

All 47 2-beds →

801 last sold in December 2022 at AED 1,533 per sqft, 6% below what two-beds in South Ridge Towers 3 were fetching at the time (AED 1,639). 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. 801's AED 117,000 is at the bottom 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 8th floor

All 117 units in South Ridge Towers 3
Value
8022-bedAED 875K · Jan 2011
8031-bedAED 2.2M · Mar 2010
8041-bedAED 825K · Jun 2011
8051-bedAED 2.28M · Aug 2009

801, South Ridge Towers 3 in numbers

  • Sold twice: first on 10 December 2009 for AED 830,944, last on 6 December 2022 for AED 2,550,000 (AED 1,533 per sqft).
  • Rented since November 2012 on 10 Ejari contracts, from AED 125,000 to AED 117,000 a year.
  • At AED 117,000 a year the gross yield on the 2022 price is 4.6%, 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 6 December 2022.

Questions about 801, South Ridge Towers 3

What did unit 801 last sell for?

AED 2,550,000 on 6 December 2022: AED 1,533 per sqft for 1,663 sqft. The unit has 2 registered sales; the first was AED 830,944 in December 2009.

What is the rent for unit 801?

AED 117,000 a year on the contract renewed on 5 May 2022. The previous contract, from March 2021, was AED 111,429; the unit has been rented since November 2012.

How big is unit 801?

1,663 sqft (154.5 sqm): a two-bedroom apartment on the 8th floor of a 25-storey tower completed in 2008.

What is unit 801 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 801, South Ridge Towers 3

Starts from the last sale price (AED 2.55M, 6 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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