Unit 1006, South Residences: what it sold for and what it is worth now

Unit 1006 at South Residences is a studio of 498 sq ft. It last sold for AED 560,000 on 24 Oct 2024. At AED 1,112 per sq ft, from 12 sales in the building in the last 12 months, it is worth about AED 554,000 today.

Value todayAED 554,000AED 544,000 to AED 568,000
Last saleAED 560,00024 Oct 2024 · Resale
Change since last sale-1.1% 
Rent (median asking, studio)AED 50,000Gross yield 9.0%
Bedroomsstudio
Size498 sq ft
Floor10 (from the unit number)
Position in the towerStack 06: units ending 06 share the same layout and view
BuildingSouth Residences by Mostafa Bin Abdullatif (MBAL), handed over 2019
Registered sales of this unit1

Every registered sale of unit 1006

DatePriceSizeAED/sq ftType
24 Oct 2024AED 560,000498 sq ft1,124Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
220629 Aug 2025AED 525,000454 sq ft1,156Resale
21069 Dec 2020AED 540,312454 sq ft1,190Resale

Latest studio sales in South Residences

UnitDatePriceSizeAED/sq ftType
220629 Aug 2025AED 525,000454 sq ft1,156Resale
21069 Dec 2020AED 540,312454 sq ft1,190Resale

How we worked out the value

We took the 12 sales in South Residences in the last 12 months, worked out the price per sq ft of each, and used the middle value (AED 1,112). We multiplied it by the size of this unit (498 sq ft). The range uses the middle half of those sales (AED 1,091 to AED 1,141 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 18 Feb 2026, from the Dubai Land Department register.

Questions

What is unit 1006 at South Residences worth?

About AED 554,000 (range AED 544,000 to AED 568,000), based on AED 1,112 per sq ft from registered sales up to 18 Feb 2026.

When did unit 1006 last sell?

24 Oct 2024, for AED 560,000 (resale). It has 1 registered sale.

What rent can unit 1006 make?

A studio in South Residences rents for about AED 50,000 a year (median asking rent). That is a gross yield of 9.0% on the estimate.

Sales alert for South ResidencesAll sales in South Residences

Unit 1005 · Unit 1007