515, Ritz Residence
Sold prices and rental history: sold once, by the developer in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Ritz Residence
What is 515 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 26 June 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,088 sqft
- Floor
- 5th of 7
- Parking
- B1-17
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 15,600 /yr
- Last sold
- AED 360K · June 2023
- Building
- Ritz Residence
About 515, Ritz Residence
515 is a one-bedroom apartment of 1,088 sqft on the 5th floor of Ritz Residence, a 7-storey tower in International City Phase 2 & 3 completed in 2009 by Alwifaq Investment Properties. The developer sold it on 26 June 2023 for AED 360,000, or AED 330 per sqft, 29% below the AED 465 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 1 June 2022, is AED 32,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 15,600 a year.
Sales and rents for 515 over time
No registered sale of 515; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ritz Residence, and where 515 sits
All 71 1-beds →515 last sold in June 2023 at AED 330 per sqft, 29% below what one-beds in Ritz Residence were fetching at the time (AED 465). Over the last 12 months one-beds sold for AED 665,000, around AED 838 per sqft, and rent for AED 36,000 to 63,000 a year. 515's AED 32,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jan 20268 January 2026 | 793 sqft | 665,000 | 838 | ||
| 19 Jun 202519 June 2025 | 793 sqft | 450,000 | 567 | ||
| 28 May 202528 May 2025 | 780 sqft | 615,000 | 788 | ||
| 3 Apr 20253 April 2025 | 780 sqft | 627,000 | 804 |
Ritz Residence
Building150 apartments, studios to 1-bed over 7 floors in International City Phase 2 & 3, completed in 2009 by Alwifaq Investment Properties. 2 sold in the last 12 months.
- Typical price per sqft
- AED 794
- Typical sale
- AED 565K
- Typical rent
- AED 46K /yr
- Typical yield
- 8.6%
Other units on the 5th floor
All 150 units in Ritz Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 461 sqft | AED 367KAED 367,000 · Apr 2025April 2025 | 33,500 /yr | |
| 502 | Studio | 568 sqft | AED 437KAED 437,000 · Jun 2023June 2023 | ||
| 503 | Studio | 563 sqft | AED 275KAED 275,000 · Jun 2023June 2023 | 35,000 /yr | |
| 504 | Studio | 569 sqft | AED 415KAED 415,000 · Dec 2024December 2024 | 36,000 /yr | |
| 505 | Studio | 636 sqft | AED 410KAED 410,000 · May 2017May 2017 | 45,000 /yr | |
| 506 | Studio | 715 sqft | AED 410KAED 410,000 · Dec 2024December 2024 | 30,000 /yr | |
| 507 | 1-bed | 882 sqft | AED 380KAED 380,000 · Feb 2023February 2023 | 38,000 /yr | |
| 508 | 1-bed | 880 sqft | AED 506KAED 506,000 · May 2023May 2023 | 33,000 /yr | |
| 509 | 882 sqft | AED 600KAED 600,000 · Aug 2025August 2025 | 32,000 /yr | ||
| 510 | 1-bed | 882 sqft | AED 447KAED 447,000 · May 2024May 2024 | 43,500 /yr | |
| 511 | 1-bed | 883 sqft | AED 506KAED 506,000 · Jun 2023June 2023 | 40,000 /yr | |
| 512 | 1-bed | 791 sqft | AED 500KAED 500,000 · May 2024May 2024 | 40,000 /yr | |
| 513 | 1-bed | 888 sqft | AED 540KAED 540,000 · Jan 2025January 2025 | 41,477 /yr | |
| 514 | 1-bed | 889 sqft | AED 375KAED 375,000 · Nov 2022November 2022 | 35,000 /yr | |
| 516 | Studio | 619 sqft | AED 315KAED 315,000 · Dec 2023December 2023 | 36,000 /yr | |
| 517 | Studio | 549 sqft | AED 385KAED 385,000 · Sep 2024September 2024 | 39,893 /yr | |
| 518 | 620 sqft | AED 465KAED 465,000 · Nov 2025November 2025 | 36,000 /yr |
515, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 26 June 2023 for AED 360,000, or AED 330 per sqft.
- Rented since June 2014 on 7 Ejari contracts, from AED 39,889 to AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2023 price is 8.9%, before a service charge of about AED 15,600 a year (AED 14.31 per sqft).
- One-beds in Ritz Residence sold for AED 665,000–665,000 in the 12 months to November 2026; the building's median across all types is AED 794 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 26 June 2023.
Questions about 515, Ritz Residence
What did unit 515 last sell for?
AED 360,000 on 26 June 2023, sold by the developer: AED 330 per sqft for 1,088 sqft. It is the only registered sale of the unit.
What is the rent for unit 515?
AED 32,000 a year on the contract signed on 1 June 2022. The previous contract, from April 2021, was AED 30,000; the unit has been rented since June 2014.
How big is unit 515?
1,088 sqft (101.1 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 515 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ritz Residence sold for AED 665,000 to 665,000 in the last 12 months, around AED 838 per sqft.
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Mortgage on 515, Ritz Residence
Starts from the last sale price (AED 360K, 26 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 360,000
- Deposit, UAE resident (20%)
- AED 72,000
- Deposit, non-resident (40%)
- AED 144,000
- Monthly over 25 years at 3.7%
- AED 1,473
Plus AED 18,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →