2-bed · 1,635 sqftSouth Ridge Towers 6, Downtown Dubai · 10th floor · completed 2008

1003, South Ridge Towers 6

Sold prices and rental history: sold 5 times, last in June 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 21 June 2022
Last soldAED 2.63M21 June 2022
Current rentAED 116K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, South Ridge Towers 6

What is 1003 worth today?

Last sold for AED 2,630,000 in 2022

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21 Jun 2022SoldReady
AED 2,630,000AED 1,608 per sqft
1 Feb 2022RentedRenewal
AED 115,500/yr12 months · AED 71 per sqft
1 Feb 2021RentedNew contract
AED 110,000/yr12 months · AED 67 per sqft
28 Sep 2020SoldReady
AED 1,100,000AED 672 per sqft
1 Feb 2020RentedRenewal
AED 125,000/yr12 months · AED 76 per sqft
1 Feb 2019RentedRenewal
AED 149,000/yr12 months · AED 91 per sqft
1 Feb 2018RentedRenewal
AED 159,000/yr12 months · AED 97 per sqft
1 Feb 2017RentedNew contract
AED 165,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 21 June 2022.

Key facts

Type
2-bed apartment
Size
1,635 sqft
Floor
10th of 39
Parking
B2-369
Developer
Emaar
Completed
2008
Service charge
AED 31,300 /yr
Last sold
AED 2.63M · June 2022

About 1003, South Ridge Towers 6

1003 is a two-bedroom apartment of 1,635 sqft on the 10th floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 21 June 2022 for AED 2,630,000, or AED 1,608 per sqft, 69% above the AED 952 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 February 2022, is AED 115,500 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 31,300 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical two-bed in South Ridge Towers 6
2M4M2009201420192024Typical sale price by year: 2009 AED 1,317,012; 2010 AED 1,797,500; 2011 AED 1,978,692; 2012 AED 2,135,888; 2013 AED 2,400,000; 2014 AED 3,800,000; 2015 AED 2,675,000; 2016 AED 2,500,000; 2017 AED 2,475,000; 2018 AED 2,700,000; 2020 AED 1,375,000; 2022 AED 1,900,000; 2023 AED 2,500,000; 2024 AED 3,400,000; 2025 AED 3,500,000; 2026 AED 3,500,000Sold by developer, July 2010: AED 1,920,888 (AED 1,174 per sqft)Sold, August 2013: AED 3,280,000 (AED 2,006 per sqft)Sold, January 2014: AED 3,900,000 (AED 2,385 per sqft)Sold, September 2020: AED 1,100,000 (AED 672 per sqft)Sold, June 2022: AED 2,630,000 (AED 1,608 per sqft)

1003 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1003, each contractTypical two-bed in South Ridge Towers 6
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 135,000; 2014 AED 160,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 155,000; 2018 AED 145,000; 2019 AED 132,139; 2020 AED 110,000; 2021 AED 110,400; 2022 AED 122,875; 2023 AED 145,000; 2024 AED 163,500; 2025 AED 175,000; 2026 AED 170,000New contract, June 2013: AED 120,000 a yearNew contract, January 2014: AED 165,000 a yearNew contract, January 2015: AED 165,000 a yearNew contract, February 2017: AED 165,000 a yearRenewal, February 2018: AED 159,000 a yearRenewal, February 2019: AED 149,000 a yearRenewal, February 2020: AED 125,000 a yearNew contract, February 2021: AED 110,000 a yearRenewal, February 2022: AED 115,500 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 6, and where 1003 sits

All 75 2-beds →

1003 last sold in June 2022 at AED 1,608 per sqft, 69% above what two-beds in South Ridge Towers 6 were fetching at the time (AED 952). Over the last 12 months two-beds sold for AED 3,000,000 to 3,625,000, around AED 2,171 per sqft, and rent for AED 130,000 to 280,000 a year. 1003's AED 115,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Jun 20263,500,000
6 Mar 20263,000,000
2 Jan 20263,600,000
18 Nov 20253,625,000
4 2-bed sales in the last 12 months

South Ridge Towers 6

Building

186 apartments, 1-bed to 3-bed over 39 floors in Downtown Dubai, completed in 2008 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,140
Typical sale
AED 3M
Typical rent
AED 150K /yr
Typical yield
5.3%
South Ridge Towers 6, Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 186 units in South Ridge Towers 6
Value
10012-bedAED 2.49M · Dec 2015
10023-bedAED 4.34M · Jun 2013
10041-bedAED 899K · Jul 2010
10051-bedAED 915K · Jul 2010

1003, South Ridge Towers 6 in numbers

  • Sold 5 times: first on 6 July 2010 for AED 1,920,888, last on 21 June 2022 for AED 2,630,000 (AED 1,608 per sqft).
  • Rented since June 2013 on 9 Ejari contracts, from AED 120,000 to AED 115,500 a year.
  • At AED 115,500 a year the gross yield on the 2022 price is 4.4%, before a service charge of about AED 31,300 a year (AED 19.17 per sqft).
  • Two-beds in South Ridge Towers 6 sold for AED 3,000,000–3,625,000 in the 12 months to November 2026; the building's median across all types is AED 2,140 per sqft.

Source: Dubai Land Department. Updated 21 June 2022.

Questions about 1003, South Ridge Towers 6

What did unit 1003 last sell for?

AED 2,630,000 on 21 June 2022: AED 1,608 per sqft for 1,635 sqft. The unit has 5 registered sales; the first was AED 1,920,888 in July 2010.

What is the rent for unit 1003?

AED 115,500 a year on the contract renewed on 1 February 2022. The previous contract, from February 2021, was AED 110,000; the unit has been rented since June 2013.

How big is unit 1003?

1,635 sqft (151.9 sqm): a two-bedroom apartment on the 10th floor of a 39-storey tower completed in 2008.

What is unit 1003 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 6 sold for AED 3,000,000 to 3,625,000 in the last 12 months, around AED 2,171 per sqft.

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Mortgage on 1003, South Ridge Towers 6

Starts from the last sale price (AED 2.63M, 21 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,630,000
Deposit, UAE resident (20%)
AED 526,000
Deposit, non-resident (40%)
AED 1,052,000
Monthly over 25 years at 3.7%
AED 10,760

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