2-bed · 1,491 sqftSouth Ridge Towers 6, Downtown Dubai · 4th floor · completed 2008

401, South Ridge Towers 6

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

Unit 401 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 1.27M5 July 2010
Current rentAED 150K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, South Ridge Towers 6

What is 401 worth today?

Last sold for AED 1,269,888 in 2010

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15 Jul 2024RentedNew contract
AED 150,000/yr12 months · AED 101 per sqft
15 Jul 2023RentedRenewal
AED 121,275/yr12 months · AED 81 per sqft
15 Jul 2022RentedRenewal
AED 115,500/yr12 months · AED 77 per sqft
15 May 2020RentedNew contract
AED 105,000/yr13 months · AED 70 per sqft
9 Apr 2019RentedRenewal
AED 120,000/yr12 months · AED 80 per sqft
9 Apr 2018RentedRenewal
AED 145,000/yr12 months · AED 97 per sqft
9 Apr 2017RentedRenewal
AED 155,000/yr12 months · AED 104 per sqft
9 Apr 2016RentedRenewal
AED 155,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
4th of 39
Parking
B2-390
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 1.27M · July 2010

About 401, South Ridge Towers 6

401 is a two-bedroom apartment of 1,491 sqft on the 4th floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 5 July 2010 for AED 1,269,888, or AED 851 per sqft, 15% below the AED 1,006 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 15 July 2024, is AED 150,000 a year: a gross yield of 11.8% on the 2010 price, before the service charge of about AED 28,600 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, July 2010: AED 1,269,888 (AED 851 per sqft)

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

Rents
Unit 401, 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, March 2013: AED 115,000 a yearNew contract, April 2014: AED 140,000 a yearNew contract, April 2015: AED 152,000 a yearRenewal, April 2016: AED 155,000 a yearRenewal, April 2017: AED 155,000 a yearRenewal, April 2018: AED 145,000 a yearRenewal, April 2019: AED 120,000 a yearNew contract, May 2020: AED 105,000 a yearRenewal, July 2022: AED 115,500 a yearRenewal, July 2023: AED 121,275 a yearNew contract, July 2024: AED 150,000 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 401 sits

All 75 2-beds →

401 last sold in July 2010 at AED 851 per sqft, 15% below what two-beds in South Ridge Towers 6 were fetching at the time (AED 1,006). 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. 401's AED 150,000 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 4th floor

All 186 units in South Ridge Towers 6
Value
4023-bedAED 3.2M · Feb 2009
4032-bedAED 3.15M · Jun 2025
4041-bedAED 1.5M · Nov 2023
4051-bedAED 830K · Jan 2009

401, South Ridge Towers 6 in numbers

  • Sold once: by Emaar on 5 July 2010 for AED 1,269,888, or AED 851 per sqft.
  • Rented since March 2013 on 11 Ejari contracts, from AED 115,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2010 price is 11.8%, 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 15 July 2024.

Questions about 401, South Ridge Towers 6

What did unit 401 last sell for?

AED 1,269,888 on 5 July 2010, sold by the developer: AED 851 per sqft for 1,491 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 150,000 a year on the contract signed on 15 July 2024. The previous contract, from July 2023, was AED 121,275; the unit has been rented since March 2013.

How big is unit 401?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 4th floor of a 39-storey tower completed in 2008.

What is unit 401 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 401, South Ridge Towers 6

Starts from the last sale price (AED 1.27M, 5 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,269,888
Deposit, UAE resident (20%)
AED 253,978
Deposit, non-resident (40%)
AED 507,955
Monthly over 25 years at 3.7%
AED 5,196

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