2-bed · 1,635 sqftSouth Ridge Towers 6, Downtown Dubai · 32nd floor · completed 2008

3203, South Ridge Towers 6

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3203 · DLD and Ejari recordsUpdated 23 October 2024
Last soldAED 3.4M23 October 2024
Current rentAED 135K /yr5 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3203, South Ridge Towers 6

What is 3203 worth today?

Last sold for AED 3,400,000 in 2024

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23 Oct 2024SoldReady
AED 3,400,000AED 2,079 per sqft
5 Oct 2024RentedRenewal
AED 135,000/yr1 months · AED 83 per sqft
5 Oct 2023RentedRenewal
AED 135,000/yr12 months · AED 83 per sqft
5 Oct 2022RentedRenewal
AED 135,000/yr12 months · AED 83 per sqft
5 Oct 2021RentedNew contract
AED 135,000/yr12 months · AED 83 per sqft
20 Jul 2020RentedNew contract
AED 125,000/yr12 months · AED 76 per sqft
20 Jun 2019RentedRenewal
AED 150,000/yr12 months · AED 92 per sqft
20 Jun 2018RentedNew contract
AED 150,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 23 October 2024.

Key facts

Type
2-bed apartment
Size
1,635 sqft
Floor
32nd of 39
Parking
B2-431
Developer
Emaar
Completed
2008
Service charge
AED 31,300 /yr
Last sold
AED 3.4M · October 2024

About 3203, South Ridge Towers 6

3203 is a two-bedroom apartment of 1,635 sqft on the 32nd floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 23 October 2024 for AED 3,400,000, or AED 2,079 per sqft, 20% above the AED 1,727 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 5 October 2024, is AED 135,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 31,300 a year.

Sales and rents for 3203 over time

Sales
Unit 3203, 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, January 2015: AED 2,117,402 (AED 1,295 per sqft)Sold, October 2024: AED 3,400,000 (AED 2,079 per sqft)

3203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3203, 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 2018: AED 150,000 a yearRenewal, June 2019: AED 150,000 a yearNew contract, July 2020: AED 125,000 a yearNew contract, October 2021: AED 135,000 a yearRenewal, October 2022: AED 135,000 a yearRenewal, October 2023: AED 135,000 a yearRenewal, October 2024: AED 135,000 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 3203 sits

All 75 2-beds →

3203 last sold in October 2024 at AED 2,079 per sqft, 20% above what two-beds in South Ridge Towers 6 were fetching at the time (AED 1,727). 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. 3203's AED 135,000 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
32012-bedAED 1.63M · May 2010
32023-bedAED 4.65M · Oct 2023
32041-bedAED 940K · Jan 2021
32051-bedAED 1M · Jul 2010

3203, South Ridge Towers 6 in numbers

  • Sold twice: first on 14 January 2015 for AED 2,117,402, last on 23 October 2024 for AED 3,400,000 (AED 2,079 per sqft).
  • Rented since June 2018 on 7 Ejari contracts, from AED 150,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2024 price is 4.0%, 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 23 October 2024.

Questions about 3203, South Ridge Towers 6

What did unit 3203 last sell for?

AED 3,400,000 on 23 October 2024: AED 2,079 per sqft for 1,635 sqft. The unit has 2 registered sales; the first was AED 2,117,402 in January 2015.

What is the rent for unit 3203?

AED 135,000 a year on the contract renewed on 5 October 2024. The previous contract, from October 2023, was AED 135,000; the unit has been rented since June 2018.

How big is unit 3203?

1,635 sqft (151.9 sqm): a two-bedroom apartment on the 32nd floor of a 39-storey tower completed in 2008.

What is unit 3203 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 3203, South Ridge Towers 6

Starts from the last sale price (AED 3.4M, 23 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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