3003, South Ridge Towers 1
Sold prices and rental history: sold 4 times, last in July 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3003, South Ridge Towers 1
What is 3003 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,635 sqft
- Floor
- 30th of 39
- Parking
- G-046
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 31,300 /yr
- Last sold
- AED 3.15M · July 2023
- Building
- South Ridge Towers 1
About 3003, South Ridge Towers 1
3003 is a two-bedroom apartment of 1,635 sqft on the 30th floor of South Ridge Towers 1, a 39-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 20 July 2023 for AED 3,150,000, or AED 1,926 per sqft, 17% above the AED 1,645 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 5 February 2023, is AED 175,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 31,300 a year.
Sales and rents for 3003 over time
3003 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 1, and where 3003 sits
All 71 2-beds →3003 last sold in July 2023 at AED 1,926 per sqft, 17% above what two-beds in South Ridge Towers 1 were fetching at the time (AED 1,645). Over the last 12 months two-beds sold for AED 2,500,000 to 3,800,000, around AED 2,109 per sqft, and rent for AED 152,460 to 288,750 a year. 3003's AED 175,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jun 202510 June 2025 | 1,635 sqft | 3,650,000 | 2,232 | ||
| 3 Jun 20253 June 2025 | 1,635 sqft | 3,750,000 | 2,293 | ||
| 15 May 202515 May 2025 | 1,491 sqft | 2,850,000 | 1,911 | ||
| 13 May 202513 May 2025 | 1,491 sqft | 2,900,000 | 1,944 |
South Ridge Towers 1
Building188 apartments, 1-bed to 3-bed over 39 floors in Downtown Dubai, completed in 2008 by Emaar. 2 sold in the last 12 months.
- Typical price per sqft
- AED 2,109
- Typical sale
- AED 3.15M
- Typical rent
- AED 160K /yr
- Typical yield
- 5.8%
Other units on the 30th floor
All 188 units in South Ridge Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3001 | 2-bed | 1,491 sqft | AED 2.85MAED 2,850,000 · May 2025May 2025 | 121,500 /yr | |
| 3002 | 3-bed | 2,102 sqft | AED 1.45MAED 1,450,000 · Apr 2019April 2019 | 280,000 /yr | |
| 3004 | 1-bed | 915 sqft | AED 1.05MAED 1,050,000 · Dec 2019December 2019 | 125,000 /yr | |
| 3005 | 1-bed | 1,060 sqft | AED 1.79MAED 1,785,000 · May 2015May 2015 | 73,000 /yr |
3003, South Ridge Towers 1 in numbers
- Sold 4 times: first on 27 May 2009 for AED 2,668,888, last on 20 July 2023 for AED 3,150,000 (AED 1,926 per sqft).
- Rented since July 2019 on 5 Ejari contracts. The rent fell from AED 155,000 to AED 135,000 in 2021 and recovered to AED 175,000 by February 2023.
- At AED 175,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 31,300 a year (AED 19.17 per sqft).
- Two-beds in South Ridge Towers 1 sold for AED 2,500,000–3,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,109 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2023.
Questions about 3003, South Ridge Towers 1
What did unit 3003 last sell for?
AED 3,150,000 on 20 July 2023: AED 1,926 per sqft for 1,635 sqft. The unit has 4 registered sales; the first was AED 2,668,888 in May 2009.
What is the rent for unit 3003?
AED 175,000 a year on the contract signed on 5 February 2023. The previous contract, from February 2022, was AED 145,000; the unit has been rented since July 2019.
How big is unit 3003?
1,635 sqft (151.9 sqm): a two-bedroom apartment on the 30th floor of a 39-storey tower completed in 2008.
What is unit 3003 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 1 sold for AED 2,500,000 to 3,800,000 in the last 12 months, around AED 2,109 per sqft.
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Mortgage on 3003, South Ridge Towers 1
Starts from the last sale price (AED 3.15M, 20 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,150,000
- Deposit, UAE resident (20%)
- AED 630,000
- Deposit, non-resident (40%)
- AED 1,260,000
- Monthly over 25 years at 3.7%
- AED 12,888
Plus AED 137,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →