1-bed · 915 sqftSouth Ridge Towers 6, Downtown Dubai · 23rd floor · completed 2008

2304, South Ridge Towers 6

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

Unit 2304 · DLD and Ejari recordsUpdated 10 October 2019
Last soldAED 1.62M26 February 2017
Current rentAED 87K /yr10 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2304, South Ridge Towers 6

What is 2304 worth today?

Last sold for AED 1,620,000 in 2017

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10 Oct 2019RentedNew contract
AED 87,000/yr18 months · AED 95 per sqft
26 Feb 2017SoldReady
AED 1,620,000AED 1,770 per sqft
6 Apr 2016RentedNew contract
AED 110,000/yr12 months · AED 120 per sqft
18 Sep 2015RentedNew contract
AED 110,000/yr12 months · AED 120 per sqft
1 Nov 2013RentedNew contract
AED 92,000/yr12 months · AED 101 per sqft
30 May 2011Sold by developerReady
AED 922,888AED 1,008 per sqft

Source: Dubai Land Department. Updated 10 October 2019.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
23rd of 39
Parking
B1-406
Developer
Emaar
Completed
2008
Service charge
AED 17,500 /yr
Last sold
AED 1.62M · February 2017

About 2304, South Ridge Towers 6

2304 is a one-bedroom apartment of 915 sqft on the 23rd floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 26 February 2017 for AED 1,620,000, or AED 1,770 per sqft, 77% above the AED 999 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 10 October 2019, is AED 87,000 a year: a gross yield of 5.4% on the 2017 price, before the service charge of about AED 17,500 a year.

Sales and rents for 2304 over time

Sales
Unit 2304, 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, May 2011: AED 922,888 (AED 1,008 per sqft)Sold, February 2017: AED 1,620,000 (AED 1,770 per sqft)

2304 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2304, 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, November 2013: AED 92,000 a yearNew contract, September 2015: AED 110,000 a yearNew contract, April 2016: AED 110,000 a yearNew contract, October 2019: AED 87,000 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 6, and where 2304 sits

All 72 1-beds →

2304 last sold in February 2017 at AED 1,770 per sqft, 77% above what one-beds in South Ridge Towers 6 were fetching at the time (AED 999). 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. 2304's AED 87,000 is at the bottom 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 23rd floor

All 186 units in South Ridge Towers 6
Value
23012-bedAED 1.5M · Aug 2017
23023-bedAED 2.74M · Jul 2021
23032-bedAED 2.01M · Mar 2013
23051-bedAED 927K · Jul 2010

2304, South Ridge Towers 6 in numbers

  • Sold twice: first on 30 May 2011 for AED 922,888, last on 26 February 2017 for AED 1,620,000 (AED 1,770 per sqft).
  • Rented since November 2013 on 4 Ejari contracts, from AED 92,000 to AED 87,000 a year.
  • At AED 87,000 a year the gross yield on the 2017 price is 5.4%, 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 10 October 2019.

Questions about 2304, South Ridge Towers 6

What did unit 2304 last sell for?

AED 1,620,000 on 26 February 2017: AED 1,770 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 922,888 in May 2011.

What is the rent for unit 2304?

AED 87,000 a year on the contract signed on 10 October 2019. The previous contract, from April 2016, was AED 110,000; the unit has been rented since November 2013.

How big is unit 2304?

915 sqft (85.0 sqm): a one-bedroom apartment on the 23rd floor of a 39-storey tower completed in 2008.

What is unit 2304 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 2304, South Ridge Towers 6

Starts from the last sale price (AED 1.62M, 26 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,620,000
Deposit, UAE resident (20%)
AED 324,000
Deposit, non-resident (40%)
AED 648,000
Monthly over 25 years at 3.7%
AED 6,628

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