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2-bed · 1,560 sqftSouth Ridge Towers 4, Downtown Dubai · 10th floor · completed 2008

1002, South Ridge Towers 4

Sold prices and rental history: sold twice, last in October 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 25 October 2016
Last soldAED 2.9M25 October 2016
Current rentAED 133K /yr25 June 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, South Ridge Towers 4

What is 1002 worth today?

Last sold for AED 2,900,000 in 2016

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25 Oct 2016SoldReady
AED 2,900,000AED 1,858 per sqft
25 Jun 2014RentedRenewal
AED 132,825/yr12 months · AED 85 per sqft
25 Jun 2013RentedNew contract
AED 115,000/yr12 months · AED 74 per sqft
22 Mar 2010Sold by developerReady
AED 1,883,888AED 1,207 per sqft

Source: Dubai Land Department. Updated 25 October 2016.

Key facts

Type
2-bed apartment
Size
1,560 sqft
Floor
10th of 28
Parking
B1-322
Developer
Emaar
Completed
2008
Service charge
AED 29,900 /yr
Last sold
AED 2.9M · October 2016
Building
South Ridge Towers 4

About 1002, South Ridge Towers 4

1002 is a two-bedroom apartment of 1,560 sqft on the 10th floor of South Ridge Towers 4, a 28-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 25 October 2016 for AED 2,900,000, or AED 1,858 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, renewed on 25 June 2014, is AED 132,825 a year: a gross yield of 4.6% on the 2016 price, before the service charge of about AED 29,900 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical two-bed in South Ridge Towers 4
2M3M2009201420192024Typical sale price by year: 2009 AED 1,931,888; 2010 AED 2,000,032; 2011 AED 1,802,444; 2012 AED 2,200,000; 2013 AED 2,625,000; 2014 AED 3,425,000; 2015 AED 3,425,500; 2020 AED 1,590,000; 2021 AED 2,500,000; 2022 AED 2,500,000; 2023 AED 2,850,000; 2024 AED 2,950,000; 2025 AED 3,600,000Sold by developer, March 2010: AED 1,883,888 (AED 1,207 per sqft)Sold, October 2016: AED 2,900,000 (AED 1,858 per sqft)

1002 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1002, each contractTypical two-bed in South Ridge Towers 4
150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 150,000; 2014 AED 163,800; 2015 AED 175,000; 2016 AED 172,500; 2017 AED 160,000; 2018 AED 155,000; 2019 AED 140,000; 2020 AED 120,000; 2021 AED 117,750; 2022 AED 134,000; 2023 AED 160,000; 2024 AED 170,000; 2025 AED 185,000; 2026 AED 180,000New contract, June 2013: AED 115,000 a yearRenewal, June 2014: AED 132,825 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 4, and where 1002 sits

All 54 2-beds →

Over the last 12 months two-beds sold for AED 3,700,000 to 4,375,000, around AED 2,514 per sqft, and rent for AED 150,000 to 402,000 a year. 1002's AED 132,825 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Apr 20264,375,000
12 Mar 20263,700,000
3 Nov 20253,622,107
13 Oct 20253,450,000
2 2-bed sales in the last 12 months

South Ridge Towers 4

Building

131 apartments, studios to 3-bed over 28 floors in Downtown Dubai, completed in 2008 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,144
Typical sale
AED 2.31M
Typical rent
AED 128K /yr
Typical yield
5.2%
South Ridge Towers 4, Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 131 units in South Ridge Towers 4
Value
10012-bedAED 893K · Jul 2010
10031-bedAED 1.62M · Jan 2024
10041-bedAED 1.29M · Apr 2018
10051-bedAED 1.7M · Mar 2017

1002, South Ridge Towers 4 in numbers

  • Sold twice: first on 22 March 2010 for AED 1,883,888, last on 25 October 2016 for AED 2,900,000 (AED 1,858 per sqft).
  • Rented since June 2013 on 2 Ejari contracts, from AED 115,000 to AED 132,825 a year.
  • At AED 132,825 a year the gross yield on the 2016 price is 4.6%, before a service charge of about AED 29,900 a year (AED 19.17 per sqft).
  • Two-beds in South Ridge Towers 4 sold for AED 3,700,000–4,375,000 in the 12 months to November 2026; the building's median across all types is AED 2,144 per sqft.

Source: Dubai Land Department. Updated 25 October 2016.

Questions about 1002, South Ridge Towers 4

What did unit 1002 last sell for?

AED 2,900,000 on 25 October 2016: AED 1,858 per sqft for 1,560 sqft. The unit has 2 registered sales; the first was AED 1,883,888 in March 2010.

What is the rent for unit 1002?

AED 132,825 a year on the contract renewed on 25 June 2014. The previous contract, from June 2013, was AED 115,000.

How big is unit 1002?

1,560 sqft (144.9 sqm): a two-bedroom apartment on the 10th floor of a 28-storey tower completed in 2008.

What is unit 1002 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 4 sold for AED 3,700,000 to 4,375,000 in the last 12 months, around AED 2,514 per sqft.

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Mortgage on 1002, South Ridge Towers 4

Starts from the last sale price (AED 2.9M, 25 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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