1-bed · 1,091 sqftSouth Ridge Towers 5, Downtown Dubai · 30th floor · completed 2008

3003, South Ridge Towers 5

Sold prices and rental history: sold once, by the developer in September 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3003 · DLD and Ejari recordsUpdated 20 September 2024
Last soldAED 1.01M10 September 2013
Current rentAED 107K /yr20 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3003, South Ridge Towers 5

What is 3003 worth today?

Last sold for AED 1,010,888 in 2013

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20 Sep 2024RentedRenewal
AED 107,000/yr12 months · AED 98 per sqft
20 Sep 2023RentedRenewal
AED 102,500/yr12 months · AED 94 per sqft
20 Sep 2022RentedNew contract
AED 100,000/yr12 months · AED 92 per sqft
20 Mar 2019RentedNew contract
AED 83,000/yr12 months · AED 76 per sqft
4 May 2014RentedNew contract
AED 120,000/yr12 months · AED 110 per sqft
10 Sep 2013Sold by developerReady
AED 1,010,888AED 926 per sqft

Source: Dubai Land Department. Updated 20 September 2024.

Key facts

Type
1-bed apartment
Size
1,091 sqft
Floor
30th of 33
Parking
B2-260
Developer
Emaar
Completed
2008
Service charge
AED 20,900 /yr
Last sold
AED 1.01M · September 2013

About 3003, South Ridge Towers 5

3003 is a one-bedroom apartment of 1,091 sqft on the 30th floor of South Ridge Towers 5, a 33-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 10 September 2013 for AED 1,010,888, or AED 926 per sqft, 34% below the AED 1,393 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 20 September 2024, is AED 107,000 a year: a gross yield of 10.6% on the 2013 price, before the service charge of about AED 20,900 a year.

Sales and rents for 3003 over time

Sales
Unit 3003, 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, September 2013: AED 1,010,888 (AED 926 per sqft)

3003 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3003, each contractTypical one-bed in South Ridge Towers 5
75K100K125K2012201620202024Typical 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 105,000New contract, May 2014: AED 120,000 a yearNew contract, March 2019: AED 83,000 a yearNew contract, September 2022: AED 100,000 a yearRenewal, September 2023: AED 102,500 a yearRenewal, September 2024: AED 107,000 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 5, and where 3003 sits

All 63 1-beds →

3003 last sold in September 2013 at AED 926 per sqft, 34% below what one-beds in South Ridge Towers 5 were fetching at the time (AED 1,393). 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. 3003's AED 107,000 is in the upper half of that range.

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 30th floor

All 158 units in South Ridge Towers 5
Value
30013-bedAED 4.2M · Aug 2024
30022-bedAED 3.25M · Jul 2026
30041-bedAED 1.63M · Jan 2016
30052-bedAED 2.8M · Oct 2025

3003, South Ridge Towers 5 in numbers

  • Sold once: by Emaar on 10 September 2013 for AED 1,010,888, or AED 926 per sqft.
  • Rented since May 2014 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 83,000 in 2019 and recovered to AED 107,000 by September 2024.
  • At AED 107,000 a year the gross yield on the 2013 price is 10.6%, before a service charge of about AED 20,900 a year (AED 19.17 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 20 September 2024.

Questions about 3003, South Ridge Towers 5

What did unit 3003 last sell for?

AED 1,010,888 on 10 September 2013, sold by the developer: AED 926 per sqft for 1,091 sqft. It is the only registered sale of the unit.

What is the rent for unit 3003?

AED 107,000 a year on the contract renewed on 20 September 2024. The previous contract, from September 2023, was AED 102,500; the unit has been rented since May 2014.

How big is unit 3003?

1,091 sqft (101.4 sqm): a one-bedroom apartment on the 30th floor of a 33-storey tower completed in 2008.

What is unit 3003 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 3003, South Ridge Towers 5

Starts from the last sale price (AED 1.01M, 10 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,888
Deposit, UAE resident (20%)
AED 202,178
Deposit, non-resident (40%)
AED 404,355
Monthly over 25 years at 3.7%
AED 4,136

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