1-bed · 915 sqftSouth Ridge Towers 6, Downtown Dubai · 15th floor · completed 2008

1504, South Ridge Towers 6

Sold prices and rental history: sold twice, last in February 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 1.2M4 February 2013
Current rentAED 105K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1504, South Ridge Towers 6

What is 1504 worth today?

Last sold for AED 1,200,000 in 2013

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1 Nov 2023RentedNew contract
AED 105,283/yr12 months · AED 115 per sqft
25 Oct 2022RentedNew contract
AED 105,000/yr12 months · AED 115 per sqft
18 Feb 2018RentedRenewal
AED 109,674/yr12 months · AED 120 per sqft
18 Feb 2017RentedNew contract
AED 110,000/yr12 months · AED 120 per sqft
4 Feb 2013SoldReady
AED 1,200,000AED 1,311 per sqft
20 Dec 2009Sold by developerReady
AED 848,641AED 927 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
15th of 39
Parking
B2-418
Developer
Emaar
Completed
2008
Service charge
AED 17,500 /yr
Last sold
AED 1.2M · February 2013

About 1504, South Ridge Towers 6

1504 is a one-bedroom apartment of 915 sqft on the 15th floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 4 February 2013 for AED 1,200,000, or AED 1,311 per sqft, 12% above the AED 1,169 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 November 2023, is AED 105,283 a year: a gross yield of 8.8% on the 2013 price, before the service charge of about AED 17,500 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, each saleTypical one-bed in South Ridge Towers 6
1M2M2009201420192024Typical sale price by year: 2009 AED 849,888; 2010 AED 923,888; 2011 AED 920,000; 2012 AED 1,010,000; 2013 AED 1,400,000; 2014 AED 1,880,000; 2016 AED 1,060,029; 2017 AED 1,620,000; 2021 AED 1,030,000; 2022 AED 582,250; 2023 AED 1,532,500; 2024 AED 1,775,000; 2025 AED 1,880,000; 2026 AED 1,825,000Sold by developer, December 2009: AED 848,641 (AED 927 per sqft)Sold, February 2013: AED 1,200,000 (AED 1,311 per sqft)

1504 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1504, each contractTypical one-bed in South Ridge Towers 6
80K100K120K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 85,000; 2014 AED 100,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,992; 2018 AED 94,750; 2019 AED 86,000; 2020 AED 75,000; 2021 AED 72,000; 2022 AED 85,000; 2023 AED 100,000; 2024 AED 105,000; 2025 AED 112,000; 2026 AED 115,000New contract, February 2017: AED 110,000 a yearRenewal, February 2018: AED 109,674 a yearNew contract, October 2022: AED 105,000 a yearNew contract, November 2023: AED 105,283 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 6, and where 1504 sits

All 72 1-beds →

1504 last sold in February 2013 at AED 1,311 per sqft, 12% above what one-beds in South Ridge Towers 6 were fetching at the time (AED 1,169). Over the last 12 months one-beds sold for AED 1,750,000 to 2,200,000, around AED 1,994 per sqft, and rent for AED 90,000 to 167,204 a year. 1504's AED 105,283 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Sep 20262,200,000
3 Sep 20261,750,000
8 May 20261,800,000
12 Jan 20261,850,000
4 1-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 15th floor

All 186 units in South Ridge Towers 6
Value
15012-bedAED 2.5M · Jul 2016
15023-bedAED 3.4M · Aug 2022
15032-bedAED 2.83M · Oct 2023
15051-bedAED 1.05M · Apr 2021

1504, South Ridge Towers 6 in numbers

  • Sold twice: first on 20 December 2009 for AED 848,641, last on 4 February 2013 for AED 1,200,000 (AED 1,311 per sqft).
  • Rented since February 2017 on 4 Ejari contracts, from AED 110,000 to AED 105,283 a year.
  • At AED 105,283 a year the gross yield on the 2013 price is 8.8%, before a service charge of about AED 17,500 a year (AED 19.17 per sqft).
  • One-beds in South Ridge Towers 6 sold for AED 1,750,000–2,200,000 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 1 November 2023.

Questions about 1504, South Ridge Towers 6

What did unit 1504 last sell for?

AED 1,200,000 on 4 February 2013: AED 1,311 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 848,641 in December 2009.

What is the rent for unit 1504?

AED 105,283 a year on the contract signed on 1 November 2023. The previous contract, from October 2022, was AED 105,000; the unit has been rented since February 2017.

How big is unit 1504?

915 sqft (85.0 sqm): a one-bedroom apartment on the 15th floor of a 39-storey tower completed in 2008.

What is unit 1504 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 6 sold for AED 1,750,000 to 2,200,000 in the last 12 months, around AED 1,994 per sqft.

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Mortgage on 1504, South Ridge Towers 6

Starts from the last sale price (AED 1.2M, 4 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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