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3-bed · 2,612 sqftRitaj G, Dubai Investment Park Second · 5th floor

511, Ritaj G

Sold prices and rental history: sold once, by the developer in April 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.3M22 April 2013
Current rentAED 130K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Ritaj G

What is 511 worth today?

Last sold for AED 1,300,000 in 2013

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1 Aug 2024RentedNew contract
AED 130,000/yr12 months · AED 50 per sqft
7 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 34 per sqft
1 Oct 2019RentedRenewal
AED 115,000/yr12 months · AED 44 per sqft
1 Oct 2017RentedRenewal
AED 140,000/yr12 months · AED 54 per sqft
22 Apr 2013Sold by developerReady
AED 1,300,000AED 497 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.

Key facts

Type
3-bed apartment
Size
2,612 sqft
Floor
5th of 5
Parking
7-G-65&7-G-66
Service charge
AED 42,300 /yr
Last sold
AED 1.3M · April 2013
Building
Ritaj G

About 511, Ritaj G

511 is a three-bedroom apartment of 2,612 sqft on the 5th floor of Ritaj G, a 5-storey tower in Dubai Investment Park Second. The developer sold it on 22 April 2013 for AED 1,300,000, or AED 497 per sqft, 10% above the AED 453 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 August 2024, is AED 130,000 a year: a gross yield of 10.0% on the 2013 price, before the service charge of about AED 42,300 a year.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical three-bed in Ritaj G
500K1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,300,000; 2013 AED 650,000; 2014 AED 1,550,000; 2017 AED 1,300,000; 2023 AED 1,175,000; 2024 AED 1,234,654Sold by developer, April 2013: AED 1,300,000 (AED 497 per sqft)

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

Rents
Unit 511, each contractTypical three-bed in Ritaj G
100K150K2013201720212025Typical rent by year: 2013 AED 122,500; 2014 AED 140,000; 2015 AED 140,000; 2016 AED 139,612; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 97,500; 2020 AED 84,000; 2021 AED 80,000; 2022 AED 88,700; 2023 AED 98,000; 2024 AED 115,000; 2025 AED 126,500Renewal, October 2017: AED 140,000 a yearRenewal, October 2019: AED 115,000 a yearNew contract, October 2022: AED 90,000 a yearNew contract, August 2024: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Ritaj G, and where 511 sits

All 18 3-beds →

511 last sold in April 2013 at AED 497 per sqft, 10% above what three-beds in Ritaj G were fetching at the time (AED 453). Over the last 12 months three-beds sold for AED 1,780,000, around AED 523 per sqft, and rent for AED 136,000 to 145,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Jan 20261,780,000
15 Jul 20251,550,000
20 Mar 20251,800,000
23 Jul 20241,236,239
1 3-bed sale in the last 12 months

Ritaj G

Building

66 apartments, 1-bed to 3-bed over 5 floors in Dubai Investment Park Second. 1 sold in the last 12 months.

Typical price per sqft
AED 523
Typical sale
AED 1.78M
Typical rent
AED 75K /yr
Typical yield
9.3%
Ritaj G, Dubai Investment Park Second: prices, sales and rents →

Other units on the 5th floor

All 66 units in Ritaj G
Value
5012-bedAED 893K · Apr 2013
5032-bedAED 893K · Apr 2013
5042-bedAED 780K · Jun 2019
5051-bedAED 530K · Jun 2019
5062-bedAED 700K · Feb 2024
5071-bedAED 380K · Apr 2023
5082-bedAED 918K · Jun 2025
1–7 of 10

511, Ritaj G in numbers

  • Sold once: by the developer on 22 April 2013 for AED 1,300,000, or AED 497 per sqft.
  • Rented since October 2017 on 4 Ejari contracts. The rent fell from AED 140,000 to AED 90,000 in 2022 and recovered to AED 130,000 by August 2024.
  • At AED 130,000 a year the gross yield on the 2013 price is 10.0%, before a service charge of about AED 42,300 a year (AED 16.21 per sqft).
  • Three-beds in Ritaj G sold for AED 1,780,000–1,780,000 in the 12 months to November 2026; the building's median across all types is AED 523 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.

Questions about 511, Ritaj G

What did unit 511 last sell for?

AED 1,300,000 on 22 April 2013, sold by the developer: AED 497 per sqft for 2,612 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 130,000 a year on the contract signed on 1 August 2024. The previous contract, from October 2022, was AED 90,000; the unit has been rented since October 2017.

How big is unit 511?

2,612 sqft (242.7 sqm): a three-bedroom apartment on the 5th floor of a 5-storey tower.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Ritaj G sold for AED 1,780,000 to 1,780,000 in the last 12 months, around AED 523 per sqft.

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Mortgage on 511, Ritaj G

Starts from the last sale price (AED 1.3M, 22 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus AED 59,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →