2-bed · 1,491 sqftSouth Ridge Towers 6, Downtown Dubai · 37th floor · completed 2008

3701, South Ridge Towers 6

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

Unit 3701 · DLD and Ejari recordsUpdated 18 April 2022
Last soldAED 794K20 June 2010
Current rentAED 100K /yr18 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3701, South Ridge Towers 6

What is 3701 worth today?

Last sold for AED 793,891 in 2010

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18 Apr 2022RentedNew contract
AED 100,000/yr12 months · AED 67 per sqft
1 Aug 2018RentedNew contract
AED 125,000/yr12 months · AED 84 per sqft
1 Dec 2016RentedNew contract
AED 150,000/yr12 months · AED 100 per sqft
15 Nov 2015RentedRenewal
AED 168,000/yr12 months · AED 112 per sqft
15 Nov 2014RentedNew contract
AED 160,000/yr12 months · AED 107 per sqft
25 Feb 2014RentedNew contract
AED 132,250/yr12 months · AED 88 per sqft
25 Feb 2013RentedNew contract
AED 115,000/yr12 months · AED 77 per sqft
20 Jun 2010Sold by developerReady
AED 793,891AED 532 per sqft

Source: Dubai Land Department. Updated 18 April 2022.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
37th of 39
Parking
B2-444
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 794K · June 2010

About 3701, South Ridge Towers 6

3701 is a two-bedroom apartment of 1,491 sqft on the 37th floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 20 June 2010 for AED 793,891, or AED 532 per sqft, 43% below the AED 940 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 18 April 2022, is AED 100,000 a year: a gross yield of 12.6% on the 2010 price, before the service charge of about AED 28,600 a year.

Sales and rents for 3701 over time

Sales
Unit 3701, 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 793,891 (AED 532 per sqft)

3701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3701, 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, February 2013: AED 115,000 a yearNew contract, February 2014: AED 132,250 a yearNew contract, November 2014: AED 160,000 a yearRenewal, November 2015: AED 168,000 a yearNew contract, December 2016: AED 150,000 a yearNew contract, August 2018: AED 125,000 a yearNew contract, April 2022: AED 100,000 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 3701 sits

All 75 2-beds →

3701 last sold in June 2010 at AED 532 per sqft, 43% below 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. 3701's AED 100,000 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 37th floor

All 186 units in South Ridge Towers 6
Value
37023-bedAED 1.3M · Jan 2012
37032-bedAED 1.09M · Apr 2010
37041-bedAED 521K · Apr 2014
37051-bedAED 515K · Feb 2010

3701, South Ridge Towers 6 in numbers

  • Sold once: by Emaar on 20 June 2010 for AED 793,891, or AED 532 per sqft.
  • Rented since February 2013 on 7 Ejari contracts, from AED 115,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2010 price is 12.6%, 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 18 April 2022.

Questions about 3701, South Ridge Towers 6

What did unit 3701 last sell for?

AED 793,891 on 20 June 2010, sold by the developer: AED 532 per sqft for 1,491 sqft. It is the only registered sale of the unit.

What is the rent for unit 3701?

AED 100,000 a year on the contract signed on 18 April 2022. The previous contract, from August 2018, was AED 125,000; the unit has been rented since February 2013.

How big is unit 3701?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 37th floor of a 39-storey tower completed in 2008.

What is unit 3701 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 3701, South Ridge Towers 6

Starts from the last sale price (AED 794K, 20 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 793,891
Deposit, UAE resident (20%)
AED 158,778
Deposit, non-resident (40%)
AED 317,556
Monthly over 25 years at 3.7%
AED 3,248

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