2-bed · 1,663 sqftSouth Ridge Towers 4, Downtown Dubai · 16th floor · completed 2008

1601, South Ridge Towers 4

Sold prices and rental history: sold twice, last in September 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 29 September 2015
Last soldAED 3.35M29 September 2015
Current rentAED 165K /yr29 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, South Ridge Towers 4

What is 1601 worth today?

Last sold for AED 3,351,000 in 2015

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29 Sep 2015SoldReady
AED 3,351,000AED 2,014 per sqft
29 Sep 2015RentedNew contract
AED 164,757/yr9 months · AED 99 per sqft
14 Apr 2015RentedNew contract
AED 175,000/yr12 months · AED 105 per sqft
5 Jun 2013RentedNew contract
AED 150,000/yr12 months · AED 90 per sqft
28 Dec 2010Sold by developerReady
AED 1,852,888AED 1,114 per sqft

Source: Dubai Land Department. Updated 29 September 2015.

Key facts

Type
2-bed apartment
Size
1,663 sqft
Floor
16th of 28
Parking
B1-313
Developer
Emaar
Completed
2008
Service charge
AED 31,900 /yr
Last sold
AED 3.35M · September 2015

About 1601, South Ridge Towers 4

1601 is a two-bedroom apartment of 1,663 sqft on the 16th floor of South Ridge Towers 4, a 28-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 29 September 2015 for AED 3,351,000, or AED 2,014 per sqft, in line with the AED 2,014 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 29 September 2015, is AED 164,757 a year: a gross yield of 4.9% on the 2015 price, before the service charge of about AED 31,900 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, 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, December 2010: AED 1,852,888 (AED 1,114 per sqft)Sold, September 2015: AED 3,351,000 (AED 2,014 per sqft)

1601 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1601, 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 150,000 a yearNew contract, April 2015: AED 175,000 a yearNew contract, September 2015: AED 164,757 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 1601 sits

All 54 2-beds →

1601 last sold in September 2015 at AED 2,014 per sqft, in line with what two-beds in South Ridge Towers 4 were fetching at the time (AED 2,014). 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. 1601's AED 164,757 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 16th floor

All 131 units in South Ridge Towers 4
Value
16022-bedAED 977K · Apr 2011
16031-bedAED 2.2M · Jan 2026
16041-bedAED 1.2M · Dec 2021
16051-bedAED 966K · Jan 2011

1601, South Ridge Towers 4 in numbers

  • Sold twice: first on 28 December 2010 for AED 1,852,888, last on 29 September 2015 for AED 3,351,000 (AED 2,014 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 150,000 to AED 164,757 a year.
  • At AED 164,757 a year the gross yield on the 2015 price is 4.9%, before a service charge of about AED 31,900 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 29 September 2015.

Questions about 1601, South Ridge Towers 4

What did unit 1601 last sell for?

AED 3,351,000 on 29 September 2015: AED 2,014 per sqft for 1,663 sqft. The unit has 2 registered sales; the first was AED 1,852,888 in December 2010.

What is the rent for unit 1601?

AED 164,757 a year on the contract signed on 29 September 2015. The previous contract, from April 2015, was AED 175,000; the unit has been rented since June 2013.

How big is unit 1601?

1,663 sqft (154.5 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2008.

What is unit 1601 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 1601, South Ridge Towers 4

Starts from the last sale price (AED 3.35M, 29 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,351,000
Deposit, UAE resident (20%)
AED 670,200
Deposit, non-resident (40%)
AED 1,340,400
Monthly over 25 years at 3.7%
AED 13,710

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