2-bed · 1,491 sqftSouth Ridge Towers 6, Downtown Dubai · 31st floor · completed 2008

3101, South Ridge Towers 6

Sold prices and rental history: sold 3 times, last in November 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3101 · DLD and Ejari recordsUpdated 21 November 2021
Last soldAED 2M21 November 2021
Current rentAED 130K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3101, South Ridge Towers 6

What is 3101 worth today?

Last sold for AED 2,000,000 in 2021

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21 Nov 2021SoldReady
AED 2,000,000AED 1,341 per sqft
1 Sep 2021RentedNew contract
AED 130,000/yr14 months · AED 87 per sqft
20 Jun 2019RentedNew contract
AED 130,000/yr12 months · AED 87 per sqft
27 Dec 2016SoldReady
AED 1,491,015AED 999 per sqft
24 Jun 2010Sold by developerReady
AED 1,520,532AED 1,019 per sqft

Source: Dubai Land Department. Updated 21 November 2021.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
31st of 39
Parking
B2-424
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 2M · November 2021

About 3101, South Ridge Towers 6

3101 is a two-bedroom apartment of 1,491 sqft on the 31st floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 21 November 2021 for AED 2,000,000, or AED 1,341 per sqft, 7% above the AED 1,253 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 September 2021, is AED 130,000 a year: a gross yield of 6.5% on the 2021 price, before the service charge of about AED 28,600 a year.

Sales and rents for 3101 over time

Sales
Unit 3101, 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, June 2010: AED 1,520,532 (AED 1,019 per sqft)Sold, December 2016: AED 1,491,015 (AED 999 per sqft)Sold, November 2021: AED 2,000,000 (AED 1,341 per sqft)

3101 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3101, 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 2019: AED 130,000 a yearNew contract, September 2021: AED 130,000 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 3101 sits

All 75 2-beds →

3101 last sold in November 2021 at AED 1,341 per sqft, 7% above what two-beds in South Ridge Towers 6 were fetching at the time (AED 1,253). 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. 3101's AED 130,000 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 31st floor

All 186 units in South Ridge Towers 6
Value
31023-bedAED 2.8M · Oct 2021
31032-bedAED 1.03M · May 2022
31041-bedAED 1.8M · May 2026
31051-bedAED 1.06M · Dec 2016

3101, South Ridge Towers 6 in numbers

  • Sold 3 times: first on 24 June 2010 for AED 1,520,532, last on 21 November 2021 for AED 2,000,000 (AED 1,341 per sqft).
  • Rented since June 2019 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 6.5%, before a service charge of about AED 28,600 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 November 2021.

Questions about 3101, South Ridge Towers 6

What did unit 3101 last sell for?

AED 2,000,000 on 21 November 2021: AED 1,341 per sqft for 1,491 sqft. The unit has 3 registered sales; the first was AED 1,520,532 in June 2010.

What is the rent for unit 3101?

AED 130,000 a year on the contract signed on 1 September 2021. The previous contract, from June 2019, was AED 130,000.

How big is unit 3101?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 31st floor of a 39-storey tower completed in 2008.

What is unit 3101 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 3101, South Ridge Towers 6

Starts from the last sale price (AED 2M, 21 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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