2-bed · 1,560 sqftSouth Ridge Towers 4, Downtown Dubai · 14th floor · completed 2008

1402, South Ridge Towers 4

Sold prices and rental history: sold once, by the developer in December 2008, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 30 November 2023
Last soldAED 1.93M21 December 2008
Current rentAED 154K /yr30 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1402, South Ridge Towers 4

What is 1402 worth today?

Last sold for AED 1,931,888 in 2008

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30 Nov 2023RentedRenewal
AED 153,573/yr12 months · AED 99 per sqft
1 Dec 2022RentedRenewal
AED 140,000/yr12 months · AED 90 per sqft
1 Dec 2021RentedRenewal
AED 123,375/yr12 months · AED 79 per sqft
1 Dec 2020RentedNew contract
AED 117,500/yr12 months · AED 75 per sqft
21 Dec 2008Sold by developerReady
AED 1,931,888AED 1,238 per sqft

Source: Dubai Land Department. Updated 30 November 2023.

Key facts

Type
2-bed apartment
Size
1,560 sqft
Floor
14th of 28
Parking
G-P-21
Developer
Emaar
Completed
2008
Service charge
AED 29,900 /yr
Last sold
AED 1.93M · December 2008

About 1402, South Ridge Towers 4

1402 is a two-bedroom apartment of 1,560 sqft on the 14th floor of South Ridge Towers 4, a 28-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 21 December 2008 for AED 1,931,888, or AED 1,238 per sqft.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 30 November 2023, is AED 153,573 a year: a gross yield of 8.0% on the 2008 price, before the service charge of about AED 29,900 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical two-bed in South Ridge Towers 4
2M3M2008201320182023Typical 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, December 2008: AED 1,931,888 (AED 1,238 per sqft)

1402 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1402, 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, December 2020: AED 117,500 a yearRenewal, December 2021: AED 123,375 a yearRenewal, December 2022: AED 140,000 a yearRenewal, November 2023: AED 153,573 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 1402 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. 1402's AED 153,573 is in the lower half 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 14th floor

All 131 units in South Ridge Towers 4
Value
14012-bedAED 915K · Feb 2010
14031-bedAED 1.35M · Jun 2018
14041-bedAED 444K · Jul 2010
14051-bedAED 1.5M · Feb 2017

1402, South Ridge Towers 4 in numbers

  • Sold once: by Emaar on 21 December 2008 for AED 1,931,888, or AED 1,238 per sqft.
  • Rented since December 2020 on 4 Ejari contracts, from AED 117,500 to AED 153,573 a year.
  • At AED 153,573 a year the gross yield on the 2008 price is 8.0%, 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 30 November 2023.

Questions about 1402, South Ridge Towers 4

What did unit 1402 last sell for?

AED 1,931,888 on 21 December 2008, sold by the developer: AED 1,238 per sqft for 1,560 sqft. It is the only registered sale of the unit.

What is the rent for unit 1402?

AED 153,573 a year on the contract renewed on 30 November 2023. The previous contract, from December 2022, was AED 140,000; the unit has been rented since December 2020.

How big is unit 1402?

1,560 sqft (144.9 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2008.

What is unit 1402 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 1402, South Ridge Towers 4

Starts from the last sale price (AED 1.93M, 21 December 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,931,888
Deposit, UAE resident (20%)
AED 386,378
Deposit, non-resident (40%)
AED 772,755
Monthly over 25 years at 3.7%
AED 7,904

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