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1-bed · 1,025 sqftSouth Ridge Towers 4, Downtown Dubai · 7th floor · completed 2008

703, South Ridge Towers 4

Sold prices and rental history: sold 3 times, last in December 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 28 December 2020
Last soldAED 1.05M28 December 2020
Current rentAED 66K /yr18 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, South Ridge Towers 4

What is 703 worth today?

Last sold for AED 1,050,000 in 2020

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28 Dec 2020SoldReady
AED 1,050,000AED 1,024 per sqft
18 Jul 2020RentedNew contract
AED 66,000/yr12 months · AED 65 per sqft
1 Jun 2018RentedNew contract
AED 90,000/yr12 months · AED 88 per sqft
22 Oct 2017RentedRenewal
AED 110,000/yr12 months · AED 108 per sqft
22 Oct 2016RentedNew contract
AED 110,000/yr12 months · AED 108 per sqft
28 Oct 2014SoldReady
AED 1,950,000AED 1,902 per sqft
11 Sep 2013RentedNew contract
AED 96,000/yr12 months · AED 94 per sqft
11 Sep 2012RentedNew contract
AED 90,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 28 December 2020.

Key facts

Type
1-bed apartment
Size
1,025 sqft
Floor
7th of 28
Parking
B1-230
Developer
Emaar
Completed
2008
Service charge
AED 19,700 /yr
Last sold
AED 1.05M · December 2020
Building
South Ridge Towers 4

About 703, South Ridge Towers 4

703 is a one-bedroom apartment of 1,025 sqft on the 7th floor of South Ridge Towers 4, a 28-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 28 December 2020 for AED 1,050,000, or AED 1,024 per sqft.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 18 July 2020, is AED 66,000 a year: a gross yield of 6.3% on the 2020 price, before the service charge of about AED 19,700 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, August 2010: AED 2,500,000 (AED 2,438 per sqft)Sold, October 2014: AED 1,950,000 (AED 1,902 per sqft)Sold, December 2020: AED 1,050,000 (AED 1,024 per sqft)

703 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 703, each contractTypical one-bed in South Ridge Towers 4
60K80K100K2012201620202024Typical 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, September 2012: AED 90,000 a yearNew contract, September 2013: AED 96,000 a yearNew contract, October 2016: AED 110,000 a yearRenewal, October 2017: AED 110,000 a yearNew contract, June 2018: AED 90,000 a yearNew contract, July 2020: AED 66,000 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 703 sits

All 74 1-beds →

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. 703's AED 66,000 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 7th floor

All 131 units in South Ridge Towers 4
Value
7012-bedAED 3M · May 2024
7022-bedAED 2.5M · Aug 2022
7041-bedAED 1.15M · Jun 2019
7051-bedAED 1.95M · Sep 2025

703, South Ridge Towers 4 in numbers

  • Sold 3 times: first on 10 August 2010 for AED 2,500,000, last on 28 December 2020 for AED 1,050,000 (AED 1,024 per sqft).
  • Rented since September 2012 on 6 Ejari contracts, from AED 90,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2020 price is 6.3%, before a service charge of about AED 19,700 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 28 December 2020.

Questions about 703, South Ridge Towers 4

What did unit 703 last sell for?

AED 1,050,000 on 28 December 2020: AED 1,024 per sqft for 1,025 sqft. The unit has 3 registered sales; the first was AED 2,500,000 in August 2010.

What is the rent for unit 703?

AED 66,000 a year on the contract signed on 18 July 2020. The previous contract, from June 2018, was AED 90,000; the unit has been rented since September 2012.

How big is unit 703?

1,025 sqft (95.2 sqm): a one-bedroom apartment on the 7th floor of a 28-storey tower completed in 2008.

What is unit 703 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 703, South Ridge Towers 4

Starts from the last sale price (AED 1.05M, 28 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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