1-bed · 985 sqftSouth Ridge Towers 4, Downtown Dubai · 17th floor · completed 2008

1704, South Ridge Towers 4

Sold prices and rental history: sold twice, last in September 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 23 July 2024
Last soldAED 1.58M25 September 2017
Current rentAED 90K /yr23 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, South Ridge Towers 4

What is 1704 worth today?

Last sold for AED 1,580,000 in 2017

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23 Jul 2024RentedRenewal
AED 90,000/yr12 months · AED 91 per sqft
21 Jul 2023RentedRenewal
AED 88,000/yr12 months · AED 89 per sqft
18 Jul 2022RentedNew contract
AED 82,000/yr12 months · AED 83 per sqft
1 Jun 2019RentedNew contract
AED 84,000/yr13 months · AED 85 per sqft
25 Sep 2017SoldReady
AED 1,580,000AED 1,604 per sqft
1 Aug 2017RentedNew contract
AED 105,000/yr12 months · AED 106 per sqft
1 Jun 2016RentedNew contract
AED 115,000/yr12 months · AED 116 per sqft
5 Oct 2014RentedNew contract
AED 89,865/yr9 months · AED 91 per sqft

Source: Dubai Land Department. Updated 23 July 2024.

Key facts

Type
1-bed apartment
Size
985 sqft
Floor
17th of 28
Parking
B2-190
Developer
Emaar
Completed
2008
Service charge
AED 18,900 /yr
Last sold
AED 1.58M · September 2017

About 1704, South Ridge Towers 4

1704 is a one-bedroom apartment of 985 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 25 September 2017 for AED 1,580,000, or AED 1,604 per sqft, in line with the AED 1,592 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 23 July 2024, is AED 90,000 a year: a gross yield of 5.7% on the 2017 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, each saleTypical one-bed in South Ridge Towers 4
1M2M2008201320182023Typical sale price by year: 2008 AED 914,888; 2009 AED 517,944; 2010 AED 876,360; 2011 AED 860,000; 2012 AED 1,100,000; 2013 AED 1,420,000; 2014 AED 1,965,000; 2015 AED 1,700,000; 2016 AED 1,640,000; 2017 AED 1,580,000; 2018 AED 1,350,000; 2019 AED 1,137,500; 2021 AED 1,200,000; 2022 AED 1,400,000; 2023 AED 1,652,500; 2025 AED 1,950,000; 2026 AED 2,150,000Sold by developer, July 2010: AED 904,888 (AED 918 per sqft)Sold, September 2017: AED 1,580,000 (AED 1,604 per sqft)

1704 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1704, each contractTypical one-bed in South Ridge Towers 4
80K100K120K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 90,000; 2014 AED 103,750; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 108,500; 2018 AED 92,000; 2019 AED 85,000; 2020 AED 75,000; 2021 AED 72,000; 2022 AED 82,000; 2023 AED 92,250; 2024 AED 105,315; 2025 AED 110,000; 2026 AED 110,000New contract, October 2014: AED 89,865 a yearNew contract, June 2016: AED 115,000 a yearNew contract, August 2017: AED 105,000 a yearNew contract, June 2019: AED 84,000 a yearNew contract, July 2022: AED 82,000 a yearRenewal, July 2023: AED 88,000 a yearRenewal, July 2024: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in South Ridge Towers 4, and where 1704 sits

All 74 1-beds →

1704 last sold in September 2017 at AED 1,604 per sqft, in line with what one-beds in South Ridge Towers 4 were fetching at the time (AED 1,592). Over the last 12 months one-beds sold for AED 1,750,000 to 2,425,000, around AED 2,095 per sqft, and rent for AED 48,000 to 135,625 a year. 1704's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jul 20262,100,000
7 May 20262,425,000
22 Jan 20262,200,000
21 Jan 20261,750,000
4 1-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
17022-bedAED 3M · Feb 2017
17031-bedAED 820K · Jan 2011
17051-bedAED 486K · Sep 2009

1704, South Ridge Towers 4 in numbers

  • Sold twice: first on 4 July 2010 for AED 904,888, last on 25 September 2017 for AED 1,580,000 (AED 1,604 per sqft).
  • Rented since October 2014 on 7 Ejari contracts, from AED 89,865 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2017 price is 5.7%, before a service charge of about AED 18,900 a year (AED 19.17 per sqft).
  • One-beds in South Ridge Towers 4 sold for AED 1,750,000–2,425,000 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 23 July 2024.

Questions about 1704, South Ridge Towers 4

What did unit 1704 last sell for?

AED 1,580,000 on 25 September 2017: AED 1,604 per sqft for 985 sqft. The unit has 2 registered sales; the first was AED 904,888 in July 2010.

What is the rent for unit 1704?

AED 90,000 a year on the contract renewed on 23 July 2024. The previous contract, from July 2023, was AED 88,000; the unit has been rented since October 2014.

How big is unit 1704?

985 sqft (91.5 sqm): a one-bedroom apartment on the 17th floor of a 28-storey tower completed in 2008.

What is unit 1704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in South Ridge Towers 4 sold for AED 1,750,000 to 2,425,000 in the last 12 months, around AED 2,095 per sqft.

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Mortgage on 1704, South Ridge Towers 4

Starts from the last sale price (AED 1.58M, 25 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,580,000
Deposit, UAE resident (20%)
AED 316,000
Deposit, non-resident (40%)
AED 632,000
Monthly over 25 years at 3.7%
AED 6,464

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