2-bed · 1,491 sqftSouth Ridge Towers 6, Downtown Dubai · 32nd floor · completed 2008

3201, South Ridge Towers 6

Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3201 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.63M16 May 2010
Current rentAED 160K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3201, South Ridge Towers 6

What is 3201 worth today?

Last sold for AED 1,625,888 in 2010

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1 Nov 2024RentedRenewal
AED 160,000/yr12 months · AED 107 per sqft
1 Nov 2023RentedNew contract
AED 160,000/yr12 months · AED 107 per sqft
10 Nov 2022RentedRenewal
AED 120,000/yr3 months · AED 80 per sqft
10 Aug 2022RentedRenewal
AED 120,000/yr3 months · AED 80 per sqft
10 May 2022RentedRenewal
AED 120,000/yr3 months · AED 80 per sqft
10 May 2021RentedRenewal
AED 120,000/yr12 months · AED 80 per sqft
10 May 2020RentedRenewal
AED 130,000/yr12 months · AED 87 per sqft
10 May 2019RentedRenewal
AED 140,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
32nd of 39
Parking
B2-443
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 1.63M · May 2010

About 3201, South Ridge Towers 6

3201 is a two-bedroom apartment of 1,491 sqft on the 32nd floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 16 May 2010 for AED 1,625,888, or AED 1,090 per sqft, 16% above the AED 940 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 160,000 a year: a gross yield of 9.8% on the 2010 price, before the service charge of about AED 28,600 a year.

Sales and rents for 3201 over time

Sales
Unit 3201, 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, May 2010: AED 1,625,888 (AED 1,090 per sqft)

3201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3201, 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, May 2013: AED 135,000 a yearNew contract, May 2014: AED 160,000 a yearNew contract, May 2015: AED 168,000 a yearNew contract, May 2017: AED 145,000 a yearRenewal, May 2018: AED 140,000 a yearRenewal, May 2019: AED 140,000 a yearRenewal, May 2020: AED 130,000 a yearRenewal, May 2021: AED 120,000 a yearRenewal, May 2022: AED 120,000 a yearRenewal, August 2022: AED 120,000 a yearRenewal, November 2022: AED 120,000 a yearNew contract, November 2023: AED 160,000 a yearRenewal, November 2024: AED 160,000 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 3201 sits

All 75 2-beds →

3201 last sold in May 2010 at AED 1,090 per sqft, 16% above what two-beds in South Ridge Towers 6 were fetching at the time (AED 940). 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. 3201's AED 160,000 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 32nd floor

All 186 units in South Ridge Towers 6
Value
32023-bedAED 4.65M · Oct 2023
32032-bedAED 3.4M · Oct 2024
32041-bedAED 940K · Jan 2021
32051-bedAED 1M · Jul 2010

3201, South Ridge Towers 6 in numbers

  • Sold once: by Emaar on 16 May 2010 for AED 1,625,888, or AED 1,090 per sqft.
  • Rented since May 2013 on 13 Ejari contracts. The rent fell from AED 135,000 to AED 120,000 in 2022 and recovered to AED 160,000 by November 2024.
  • At AED 160,000 a year the gross yield on the 2010 price is 9.8%, 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 1 November 2024.

Questions about 3201, South Ridge Towers 6

What did unit 3201 last sell for?

AED 1,625,888 on 16 May 2010, sold by the developer: AED 1,090 per sqft for 1,491 sqft. It is the only registered sale of the unit.

What is the rent for unit 3201?

AED 160,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 160,000; the unit has been rented since May 2013.

How big is unit 3201?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 32nd floor of a 39-storey tower completed in 2008.

What is unit 3201 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 3201, South Ridge Towers 6

Starts from the last sale price (AED 1.63M, 16 May 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,888
Deposit, UAE resident (20%)
AED 325,178
Deposit, non-resident (40%)
AED 650,355
Monthly over 25 years at 3.7%
AED 6,652

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