Unit 1503, South Residences: what it sold for and what it is worth now

Unit 1503 at South Residences is a 1 bed of 909 sq ft. It last sold for AED 975,000 on 27 Mar 2025. At AED 1,098 per sq ft, from 4 sales of units ending 03 (same position in the tower), it is worth about AED 998,000 today.

Value todayAED 998,000AED 992,000 to AED 1,005,000
Last saleAED 975,00027 Mar 2025 · Resale
Change since last sale+2.4%Building trend alone: AED 959,425
Rent (median asking, 1 bed)AED 65,000Gross yield 6.5%
Bedrooms1 bed
Size909 sq ft
Floor15 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingSouth Residences by Mostafa Bin Abdullatif (MBAL), handed over 2019
Registered sales of this unit2

Every registered sale of unit 1503

DatePriceSizeAED/sq ftType
27 Mar 2025AED 975,000909 sq ft1,073Resale
8 Jun 2023AED 780,000909 sq ft858Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
170318 Feb 2026AED 1,020,000908 sq ft1,123Resale
9038 Oct 2025AED 1,047,500953 sq ft1,099Resale
100328 Feb 2025AED 1,000,000911 sq ft1,098Resale
21039 Dec 2020AED 900,552746 sq ft1,207Resale
220321 Jan 2020AED 911,809746 sq ft1,222Resale

Latest 1 bed sales in South Residences

UnitDatePriceSizeAED/sq ftType
170318 Feb 2026AED 1,020,000908 sq ft1,123Resale
170223 Oct 2025AED 940,000911 sq ft1,032Resale
9038 Oct 2025AED 1,047,500953 sq ft1,099Resale
150424 Jul 2025AED 450,000847 sq ft531Resale
100328 Feb 2025AED 1,000,000911 sq ft1,098Resale
150411 Aug 2021AED 819,000847 sq ft967Resale
21049 Dec 2020AED 922,248752 sq ft1,226Resale
21039 Dec 2020AED 900,552746 sq ft1,207Resale

How we worked out the value

We took the 4 resale sales of units ending 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,098). We multiplied it by the size of this unit (909 sq ft). The range uses the middle half of those sales (AED 1,091 to AED 1,105 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 959,425. 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 1503 at South Residences worth?

About AED 998,000 (range AED 992,000 to AED 1,005,000), based on AED 1,098 per sq ft from registered sales up to 18 Feb 2026.

When did unit 1503 last sell?

27 Mar 2025, for AED 975,000 (resale). It has 2 registered sales.

What rent can unit 1503 make?

A 1 bed in South Residences rents for about AED 65,000 a year (median asking rent). That is a gross yield of 6.5% on the estimate.

Sales alert for South ResidencesAll sales in South Residences

Unit 1007 · Unit 1504