2-bed · 1,635 sqftSouth Ridge Towers 6, Downtown Dubai · 22nd floor · completed 2008

2203, South Ridge Towers 6

Sold prices and rental history: sold twice, last in May 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 19 May 2019
Last soldAED 2.3M19 May 2019
Current rentAED 140K /yr1 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2203, South Ridge Towers 6

What is 2203 worth today?

Last sold for AED 2,300,000 in 2019

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19 May 2019SoldReady
AED 2,300,000AED 1,406 per sqft
1 Dec 2016RentedRenewal
AED 140,000/yr12 months · AED 86 per sqft
1 Dec 2015RentedRenewal
AED 140,000/yr12 months · AED 86 per sqft
1 Dec 2014RentedNew contract
AED 140,000/yr12 months · AED 86 per sqft
1 Dec 2013RentedNew contract
AED 140,000/yr12 months · AED 86 per sqft
5 Jul 2010Sold by developerReady
AED 2,062,888AED 1,261 per sqft

Source: Dubai Land Department. Updated 19 May 2019.

Key facts

Type
2-bed apartment
Size
1,635 sqft
Floor
22nd of 39
Parking
G-104
Developer
Emaar
Completed
2008
Service charge
AED 31,300 /yr
Last sold
AED 2.3M · May 2019

About 2203, South Ridge Towers 6

2203 is a two-bedroom apartment of 1,635 sqft on the 22nd floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 19 May 2019 for AED 2,300,000, or AED 1,406 per sqft, 18% above the AED 1,188 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 December 2016, is AED 140,000 a year: a gross yield of 6.1% on the 2019 price, before the service charge of about AED 31,300 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, 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 2,062,888 (AED 1,261 per sqft)Sold, May 2019: AED 2,300,000 (AED 1,406 per sqft)

2203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2203, 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, December 2013: AED 140,000 a yearNew contract, December 2014: AED 140,000 a yearRenewal, December 2015: AED 140,000 a yearRenewal, December 2016: AED 140,000 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 6, and where 2203 sits

All 75 2-beds →

2203 last sold in May 2019 at AED 1,406 per sqft, 18% above what two-beds in South Ridge Towers 6 were fetching at the time (AED 1,188). 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. 2203's AED 140,000 is in the lower half 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 22nd floor

All 186 units in South Ridge Towers 6
Value
22012-bedAED 1.51M · Aug 2009
22023-bedAED 2.34M · Jul 2010
22041-bedAED 1.66M · Feb 2024
22051-bedAED 1.1M · Dec 2019

2203, South Ridge Towers 6 in numbers

  • Sold twice: first on 5 July 2010 for AED 2,062,888, last on 19 May 2019 for AED 2,300,000 (AED 1,406 per sqft).
  • Rented since December 2013 on 4 Ejari contracts, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2019 price is 6.1%, 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 19 May 2019.

Questions about 2203, South Ridge Towers 6

What did unit 2203 last sell for?

AED 2,300,000 on 19 May 2019: AED 1,406 per sqft for 1,635 sqft. The unit has 2 registered sales; the first was AED 2,062,888 in July 2010.

What is the rent for unit 2203?

AED 140,000 a year on the contract renewed on 1 December 2016. The previous contract, from December 2015, was AED 140,000; the unit has been rented since December 2013.

How big is unit 2203?

1,635 sqft (151.9 sqm): a two-bedroom apartment on the 22nd floor of a 39-storey tower completed in 2008.

What is unit 2203 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 2203, South Ridge Towers 6

Starts from the last sale price (AED 2.3M, 19 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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