1-bed · 1,091 sqftSouth Ridge Towers 5, Downtown Dubai · 24th floor · completed 2008

2403, South Ridge Towers 5

Sold prices and rental history: sold once, by the developer in February 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 19 February 2009
Last soldAED 1.04M19 February 2009
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, South Ridge Towers 5

What is 2403 worth today?

Last sold for AED 1,043,888 in 2009

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19 Feb 2009Sold by developerReady
AED 1,043,888AED 956 per sqft

Source: Dubai Land Department. Updated 19 February 2009.

Key facts

Type
1-bed apartment
Size
1,091 sqft
Floor
24th of 33
Parking
B2-258
Developer
Emaar
Completed
2008
Service charge
AED 20,900 /yr
Last sold
AED 1.04M · February 2009

About 2403, South Ridge Towers 5

2403 is a one-bedroom apartment of 1,091 sqft on the 24th floor of South Ridge Towers 5, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 19 February 2009 for AED 1,043,888, or AED 956 per sqft, 18% below the AED 1,172 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical one-bed in South Ridge Towers 5
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 867,071; 2010 AED 878,888; 2011 AED 846,888; 2012 AED 972,944; 2013 AED 1,399,500; 2014 AED 1,790,000; 2015 AED 1,700,000; 2016 AED 1,585,000; 2017 AED 1,545,000; 2018 AED 1,350,000; 2019 AED 1,125,000; 2021 AED 990,000; 2022 AED 1,295,000; 2023 AED 1,495,000; 2024 AED 1,650,000; 2025 AED 1,870,000; 2026 AED 1,842,500Sold by developer, February 2009: AED 1,043,888 (AED 956 per sqft)

2403 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2403, each contractTypical one-bed in South Ridge Towers 5
80K100K120K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 88,000; 2014 AED 110,000; 2015 AED 114,000; 2016 AED 111,000; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 85,000; 2020 AED 75,000; 2021 AED 74,000; 2022 AED 85,000; 2023 AED 100,000; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 105,000

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 5, and where 2403 sits

All 63 1-beds →

2403 last sold in February 2009 at AED 956 per sqft, 18% below what one-beds in South Ridge Towers 5 were fetching at the time (AED 1,172). Over the last 12 months one-beds sold for AED 1,650,000 to 2,000,000, around AED 1,801 per sqft, and rent for AED 50,000 to 140,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Jul 20261,765,000
17 Apr 20261,650,000
10 Apr 20261,920,000
2 Feb 20262,000,000
4 1-bed sales in the last 12 months

South Ridge Towers 5

Building

158 apartments, studios to 3-bed over 33 floors in Downtown Dubai, completed in 2008 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,057
Typical sale
AED 2M
Typical rent
AED 140K /yr
Typical yield
5.3%
South Ridge Towers 5, Downtown Dubai: prices, sales and rents →

Other units on the 24th floor

All 158 units in South Ridge Towers 5
Value
24013-bedAED 3M · May 2020
24022-bedAED 2M · Aug 2022
24041-bedAED 1.63M · Feb 2024
24052-bedAED 1.42M · Aug 2010

2403, South Ridge Towers 5 in numbers

  • Sold once: by Emaar on 19 February 2009 for AED 1,043,888, or AED 956 per sqft.
  • One-beds in South Ridge Towers 5 sold for AED 1,650,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,057 per sqft.

Source: Dubai Land Department. Updated 19 February 2009.

Questions about 2403, South Ridge Towers 5

What did unit 2403 last sell for?

AED 1,043,888 on 19 February 2009, sold by the developer: AED 956 per sqft for 1,091 sqft. It is the only registered sale of the unit.

How big is unit 2403?

1,091 sqft (101.4 sqm): a one-bedroom apartment on the 24th floor of a 33-storey tower completed in 2008.

What is unit 2403 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 5 sold for AED 1,650,000 to 2,000,000 in the last 12 months, around AED 1,801 per sqft.

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Mortgage on 2403, South Ridge Towers 5

Starts from the last sale price (AED 1.04M, 19 February 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,043,888
Deposit, UAE resident (20%)
AED 208,778
Deposit, non-resident (40%)
AED 417,555
Monthly over 25 years at 3.7%
AED 4,271

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