2-bed · 1,560 sqftSouth Ridge Towers 4, Downtown Dubai · 9th floor · completed 2008

902, South Ridge Towers 4

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 15 December 2022
Last soldAED 2.67M15 December 2022
Current rentAED 125K /yr16 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, South Ridge Towers 4

What is 902 worth today?

Last sold for AED 2,665,000 in 2022

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15 Dec 2022SoldReady
AED 2,665,000AED 1,708 per sqft
16 May 2020RentedRenewal
AED 125,000/yr12 months · AED 80 per sqft
16 May 2019RentedNew contract
AED 140,000/yr12 months · AED 90 per sqft
27 Apr 2018RentedRenewal
AED 170,000/yr12 months · AED 109 per sqft
27 Apr 2017RentedNew contract
AED 170,000/yr12 months · AED 109 per sqft
1 Feb 2015RentedRenewal
AED 180,000/yr12 months · AED 115 per sqft
1 Feb 2014RentedNew contract
AED 180,000/yr12 months · AED 115 per sqft
1 Feb 2013RentedNew contract
AED 130,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 15 December 2022.

Key facts

Type
2-bed apartment
Size
1,560 sqft
Floor
9th of 28
Parking
L1-077
Developer
Emaar
Completed
2008
Service charge
AED 29,900 /yr
Last sold
AED 2.67M · December 2022

About 902, South Ridge Towers 4

902 is a two-bedroom apartment of 1,560 sqft on the 9th floor of South Ridge Towers 4, a 28-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 15 December 2022 for AED 2,665,000, or AED 1,708 per sqft, 7% above the AED 1,602 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 16 May 2020, is AED 125,000 a year: a gross yield of 4.7% on the 2022 price, before the service charge of about AED 29,900 a year.

Sales and rents for 902 over time

Sales
Unit 902, 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, August 2010: AED 2,314,888 (AED 1,483 per sqft)Sold, December 2022: AED 2,665,000 (AED 1,708 per sqft)

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

Rents
Unit 902, 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, February 2013: AED 130,000 a yearNew contract, February 2014: AED 180,000 a yearRenewal, February 2015: AED 180,000 a yearNew contract, April 2017: AED 170,000 a yearRenewal, April 2018: AED 170,000 a yearNew contract, May 2019: AED 140,000 a yearRenewal, May 2020: AED 125,000 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 902 sits

All 54 2-beds →

902 last sold in December 2022 at AED 1,708 per sqft, 7% above what two-beds in South Ridge Towers 4 were fetching at the time (AED 1,602). 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. 902's AED 125,000 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 9th floor

All 131 units in South Ridge Towers 4
Value
9012-bedAED 1.65M · Nov 2020
9031-bedAED 957K · Feb 2011
9041-bedAED 1.57M · Feb 2016
9051-bedAED 1.22M · Mar 2021

902, South Ridge Towers 4 in numbers

  • Sold twice: first on 11 August 2010 for AED 2,314,888, last on 15 December 2022 for AED 2,665,000 (AED 1,708 per sqft).
  • Rented since February 2013 on 7 Ejari contracts, from AED 130,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 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 15 December 2022.

Questions about 902, South Ridge Towers 4

What did unit 902 last sell for?

AED 2,665,000 on 15 December 2022: AED 1,708 per sqft for 1,560 sqft. The unit has 2 registered sales; the first was AED 2,314,888 in August 2010.

What is the rent for unit 902?

AED 125,000 a year on the contract renewed on 16 May 2020. The previous contract, from May 2019, was AED 140,000; the unit has been rented since February 2013.

How big is unit 902?

1,560 sqft (144.9 sqm): a two-bedroom apartment on the 9th floor of a 28-storey tower completed in 2008.

What is unit 902 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 902, South Ridge Towers 4

Starts from the last sale price (AED 2.67M, 15 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,665,000
Deposit, UAE resident (20%)
AED 533,000
Deposit, non-resident (40%)
AED 1,066,000
Monthly over 25 years at 3.7%
AED 10,903

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