2-bed · 1,635 sqftSouth Ridge Towers 6, Downtown Dubai · 31st floor · completed 2008

3103, South Ridge Towers 6

Sold prices and rental history: sold 3 times, last in May 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 14 September 2023
Last soldAED 1.03M24 May 2022
Current rentAED 210K /yr14 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3103, South Ridge Towers 6

What is 3103 worth today?

Last sold for AED 1,030,070 in 2022

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14 Sep 2023RentedNew contract
AED 210,000/yr12 months · AED 128 per sqft
24 May 2022SoldReady
AED 1,030,070AED 629 per sqft
1 Oct 2021RentedNew contract
AED 185,000/yr12 months · AED 113 per sqft
1 Jul 2018RentedNew contract
AED 160,000/yr12 months · AED 98 per sqft
27 Dec 2016SoldReady
AED 1,635,036AED 999 per sqft
1 Sep 2016RentedNew contract
AED 170,000/yr12 months · AED 104 per sqft
24 Jun 2010Sold by developerReady
AED 2,084,052AED 1,274 per sqft

Source: Dubai Land Department. Updated 14 September 2023.

Key facts

Type
2-bed apartment
Size
1,635 sqft
Floor
31st of 39
Parking
G-102
Developer
Emaar
Completed
2008
Service charge
AED 31,300 /yr
Last sold
AED 1.03M · May 2022

About 3103, South Ridge Towers 6

3103 is a two-bedroom apartment of 1,635 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 24 May 2022 for AED 1,030,070, or AED 629 per sqft, in line with the AED 629 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 14 September 2023, is AED 210,000 a year: a gross yield of 20.4% on the 2022 price, before the service charge of about AED 31,300 a year.

Sales and rents for 3103 over time

Sales
Unit 3103, 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 2,084,052 (AED 1,274 per sqft)Sold, December 2016: AED 1,635,036 (AED 999 per sqft)Sold, May 2022: AED 1,030,070 (AED 629 per sqft)

3103 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3103, each contractTypical two-bed in South Ridge Towers 6
100K150K200K2012201620202024Typical 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, September 2016: AED 170,000 a yearNew contract, July 2018: AED 160,000 a yearNew contract, October 2021: AED 185,000 a yearNew contract, September 2023: AED 210,000 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 3103 sits

All 75 2-beds →

3103 last sold in May 2022 at AED 629 per sqft, in line with what two-beds in South Ridge Towers 6 were fetching at the time (AED 629). 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. 3103's AED 210,000 is in the upper 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 31st floor

All 186 units in South Ridge Towers 6
Value
31012-bedAED 2M · Nov 2021
31023-bedAED 2.8M · Oct 2021
31041-bedAED 1.8M · May 2026
31051-bedAED 1.06M · Dec 2016

3103, South Ridge Towers 6 in numbers

  • Sold 3 times: first on 24 June 2010 for AED 2,084,052, last on 24 May 2022 for AED 1,030,070 (AED 629 per sqft).
  • Rented since September 2016 on 4 Ejari contracts, from AED 170,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2022 price is 20.4%, 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 14 September 2023.

Questions about 3103, South Ridge Towers 6

What did unit 3103 last sell for?

AED 1,030,070 on 24 May 2022: AED 629 per sqft for 1,635 sqft. The unit has 3 registered sales; the first was AED 2,084,052 in June 2010.

What is the rent for unit 3103?

AED 210,000 a year on the contract signed on 14 September 2023. The previous contract, from October 2021, was AED 185,000; the unit has been rented since September 2016.

How big is unit 3103?

1,635 sqft (151.9 sqm): a two-bedroom apartment on the 31st floor of a 39-storey tower completed in 2008.

What is unit 3103 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 3103, South Ridge Towers 6

Starts from the last sale price (AED 1.03M, 24 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,030,070
Deposit, UAE resident (20%)
AED 206,014
Deposit, non-resident (40%)
AED 412,028
Monthly over 25 years at 3.7%
AED 4,214

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