2-bed · 1,560 sqftSouth Ridge Towers 4, Downtown Dubai · 17th floor · completed 2008

1702, South Ridge Towers 4

Sold prices and rental history: sold twice, last in February 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 10 March 2020
Last soldAED 3M20 February 2017
Current rentAED 140K /yr10 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, South Ridge Towers 4

What is 1702 worth today?

Last sold for AED 3,000,000 in 2017

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10 Mar 2020RentedRenewal
AED 140,000/yr12 months · AED 90 per sqft
10 Mar 2019RentedNew contract
AED 145,000/yr12 months · AED 93 per sqft
24 Feb 2017RentedNew contract
AED 165,000/yr12 months · AED 106 per sqft
20 Feb 2017SoldReady
AED 3,000,000AED 1,923 per sqft
14 Aug 2016RentedRenewal
AED 153,429/yr4 months · AED 98 per sqft
14 Aug 2015RentedRenewal
AED 153,010/yr12 months · AED 98 per sqft
14 Aug 2014RentedRenewal
AED 143,000/yr12 months · AED 92 per sqft
14 Aug 2013RentedNew contract
AED 130,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 10 March 2020.

Key facts

Type
2-bed apartment
Size
1,560 sqft
Floor
17th of 28
Parking
L1-083
Developer
Emaar
Completed
2008
Service charge
AED 29,900 /yr
Last sold
AED 3M · February 2017

About 1702, South Ridge Towers 4

1702 is a two-bedroom apartment of 1,560 sqft on the 17th floor of South Ridge Towers 4, a 28-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 20 February 2017 for AED 3,000,000, or AED 1,923 per sqft, 3% above the AED 1,858 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 10 March 2020, is AED 140,000 a year: a gross yield of 4.7% on the 2017 price, before the service charge of about AED 29,900 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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 2009: AED 1,967,888 (AED 1,261 per sqft)Sold, February 2017: AED 3,000,000 (AED 1,923 per sqft)

1702 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, 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, August 2013: AED 130,000 a yearRenewal, August 2014: AED 143,000 a yearRenewal, August 2015: AED 153,010 a yearRenewal, August 2016: AED 153,429 a yearNew contract, February 2017: AED 165,000 a yearNew contract, March 2019: AED 145,000 a yearRenewal, March 2020: AED 140,000 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 4, and where 1702 sits

All 54 2-beds →

1702 last sold in February 2017 at AED 1,923 per sqft, 3% above what two-beds in South Ridge Towers 4 were fetching at the time (AED 1,858). 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. 1702's AED 140,000 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 17th floor

All 131 units in South Ridge Towers 4
Value
17012-bedAED 3.2M · Jan 2014
17031-bedAED 820K · Jan 2011
17041-bedAED 1.58M · Sep 2017
17051-bedAED 486K · Sep 2009

1702, South Ridge Towers 4 in numbers

  • Sold twice: first on 23 March 2009 for AED 1,967,888, last on 20 February 2017 for AED 3,000,000 (AED 1,923 per sqft).
  • Rented since August 2013 on 7 Ejari contracts, from AED 130,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2017 price is 4.7%, 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 10 March 2020.

Questions about 1702, South Ridge Towers 4

What did unit 1702 last sell for?

AED 3,000,000 on 20 February 2017: AED 1,923 per sqft for 1,560 sqft. The unit has 2 registered sales; the first was AED 1,967,888 in March 2009.

What is the rent for unit 1702?

AED 140,000 a year on the contract renewed on 10 March 2020. The previous contract, from March 2019, was AED 145,000; the unit has been rented since August 2013.

How big is unit 1702?

1,560 sqft (144.9 sqm): a two-bedroom apartment on the 17th floor of a 28-storey tower completed in 2008.

What is unit 1702 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 1702, South Ridge Towers 4

Starts from the last sale price (AED 3M, 20 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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