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2-bed · 1,491 sqftSouth Ridge Towers 6, Downtown Dubai · 5th floor · completed 2008

501, South Ridge Towers 6

Sold prices and rental history: sold twice, last in August 2011, and rented once, from May 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 1 May 2016
Last soldAED 1.38M15 August 2011
Current rentAED 180K /yr1 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, South Ridge Towers 6

What is 501 worth today?

Last sold for AED 1,375,000 in 2011

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1 May 2016RentedNew contract
AED 180,000/yr12 months · AED 120 per sqft
15 Aug 2011SoldReady
AED 1,375,000AED 922 per sqft
30 Sep 2009Sold by developerReady
AED 1,226,773AED 822 per sqft

Source: Dubai Land Department. Updated 1 May 2016.

Key facts

Type
2-bed apartment
Size
1,491 sqft
Floor
5th of 39
Parking
B2-388
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 1.38M · August 2011
Building
South Ridge Towers 6

About 501, South Ridge Towers 6

501 is a two-bedroom apartment of 1,491 sqft on the 5th floor of South Ridge Towers 6, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 15 August 2011 for AED 1,375,000, or AED 922 per sqft, 21% below the AED 1,162 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2016. The current contract, signed on 1 May 2016, is AED 180,000 a year: a gross yield of 13.1% on the 2011 price, before the service charge of about AED 28,600 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, September 2009: AED 1,226,773 (AED 822 per sqft)Sold, August 2011: AED 1,375,000 (AED 922 per sqft)

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

Rents
Unit 501, 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 2016: AED 180,000 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 501 sits

All 75 2-beds →

501 last sold in August 2011 at AED 922 per sqft, 21% below what two-beds in South Ridge Towers 6 were fetching at the time (AED 1,162). 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. 501's AED 180,000 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 5th floor

All 186 units in South Ridge Towers 6
Value
5023-bedAED 2.89M · Jan 2010
5032-bedAED 2.4M · Sep 2012
5041-bedAED 875K · Apr 2015
5051-bedAED 1.6M · May 2017

501, South Ridge Towers 6 in numbers

  • Sold twice: first on 30 September 2009 for AED 1,226,773, last on 15 August 2011 for AED 1,375,000 (AED 922 per sqft).
  • Rented since May 2016 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2011 price is 13.1%, 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 May 2016.

Questions about 501, South Ridge Towers 6

What did unit 501 last sell for?

AED 1,375,000 on 15 August 2011: AED 922 per sqft for 1,491 sqft. The unit has 2 registered sales; the first was AED 1,226,773 in September 2009.

What is the rent for unit 501?

AED 180,000 a year on the contract signed on 1 May 2016.

How big is unit 501?

1,491 sqft (138.5 sqm): a two-bedroom apartment on the 5th floor of a 39-storey tower completed in 2008.

What is unit 501 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 501, South Ridge Towers 6

Starts from the last sale price (AED 1.38M, 15 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

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