1602, South Ridge Towers 4
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, South Ridge Towers 4
What is 1602 worth today?
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Source: Dubai Land Department. Updated 12 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,560 sqft
- Floor
- 16th of 28
- Parking
- G-P-22
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 29,900 /yr
- Last sold
- AED 977K · April 2011
- Building
- South Ridge Towers 4
About 1602, South Ridge Towers 4
1602 is a two-bedroom apartment of 1,560 sqft on the 16th floor of South Ridge Towers 4, a 28-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 26 April 2011 for AED 977,444, or AED 626 per sqft, 50% below the AED 1,260 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 12 October 2024, is AED 210,000 a year: a gross yield of 21.5% on the 2011 price, before the service charge of about AED 29,900 a year.
Sales and rents for 1602 over time
1602 has sold once; the dashed line is the two-bed median of each year in the building.
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 1602 sits
All 54 2-beds →1602 last sold in April 2011 at AED 626 per sqft, 50% below what two-beds in South Ridge Towers 4 were fetching at the time (AED 1,260). 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. 1602's AED 210,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Apr 202610 April 2026 | 1,560 sqft | 4,375,000 | 2,804 | ||
| 12 Mar 202612 March 2026 | 1,663 sqft | 3,700,000 | 2,224 | ||
| 3 Nov 20253 November 2025 | 1,742 sqft | 3,622,107 | 2,079 | ||
| 13 Oct 202513 October 2025 | 1,560 sqft | 3,450,000 | 2,211 |
South Ridge Towers 4
Building131 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%
Other units on the 16th floor
All 131 units in South Ridge Towers 4| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,663 sqft | AED 3.35MAED 3,351,000 · Sep 2015September 2015 | 164,757 /yr | |
| 1603 | 1-bed | 1,025 sqft | AED 2.2MAED 2,200,000 · Jan 2026January 2026 | 135,000 /yr | |
| 1604 | 1-bed | 985 sqft | AED 1.2MAED 1,200,000 · Dec 2021December 2021 | 101,400 /yr | |
| 1605 | 1-bed | 974 sqft | AED 966KAED 965,888 · Jan 2011January 2011 | 81,000 /yr |
1602, South Ridge Towers 4 in numbers
- Sold once: by Emaar on 26 April 2011 for AED 977,444, or AED 626 per sqft.
- Rented since June 2013 on 10 Ejari contracts. The rent fell from AED 141,750 to AED 120,000 in 2020 and recovered to AED 210,000 by October 2024.
- At AED 210,000 a year the gross yield on the 2011 price is 21.5%, 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 12 October 2024.
Questions about 1602, South Ridge Towers 4
What did unit 1602 last sell for?
AED 977,444 on 26 April 2011, sold by the developer: AED 626 per sqft for 1,560 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 210,000 a year on the contract signed on 12 October 2024. The previous contract, from October 2023, was AED 173,344; the unit has been rented since June 2013.
How big is unit 1602?
1,560 sqft (144.9 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2008.
What is unit 1602 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 1602, South Ridge Towers 4
Starts from the last sale price (AED 977K, 26 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 977,444
- Deposit, UAE resident (20%)
- AED 195,489
- Deposit, non-resident (40%)
- AED 390,978
- Monthly over 25 years at 3.7%
- AED 3,999
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →