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2-bed · 1,540 sqftRitaj E, Dubai Investment Park Second · 5th floor

506, Ritaj E

Sold prices and rental history: sold twice, last in May 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 19 May 2023
Last soldAED 620K19 May 2023
Current rentAED 57K /yr2 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Ritaj E

What is 506 worth today?

Last sold for AED 620,000 in 2023

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19 May 2023SoldReady
AED 620,000AED 402 per sqft
2 Sep 2020RentedNew contract
AED 57,000/yr12 months · AED 37 per sqft
15 May 2019RentedRenewal
AED 66,000/yr12 months · AED 43 per sqft
15 May 2018RentedNew contract
AED 82,000/yr12 months · AED 53 per sqft
30 Dec 2013Sold by developerReady
AED 890,000AED 577 per sqft

Source: Dubai Land Department. Updated 19 May 2023.

Key facts

Type
2-bed apartment
Size
1,540 sqft
Floor
5th of 5
Parking
Building 15-2A-20
Service charge
AED 19,600 /yr
Last sold
AED 620K · May 2023
Building
Ritaj E

About 506, Ritaj E

506 is a two-bedroom apartment of 1,540 sqft on the 5th floor of Ritaj E, a 5-storey tower in Dubai Investment Park Second. It last sold on 19 May 2023 for AED 620,000, or AED 402 per sqft, in line with the AED 402 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 2 September 2020, is AED 57,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 19,600 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Ritaj E
500K1M2013201720212025Typical sale price by year: 2013 AED 875,000; 2014 AED 940,000; 2015 AED 1,200,000; 2017 AED 950,000; 2020 AED 575,000; 2022 AED 640,000; 2023 AED 620,000; 2024 AED 850,000; 2025 AED 927,500; 2026 AED 950,000Sold by developer, December 2013: AED 890,000 (AED 577 per sqft)Sold, May 2023: AED 620,000 (AED 402 per sqft)

506 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 506, each contractTypical two-bed in Ritaj E
50K75K100K2013201720212025Typical rent by year: 2013 AED 88,909; 2014 AED 90,000; 2015 AED 99,225; 2016 AED 95,000; 2017 AED 88,000; 2018 AED 77,750; 2019 AED 68,500; 2020 AED 55,000; 2021 AED 51,500; 2022 AED 55,000; 2023 AED 60,000; 2024 AED 69,500; 2025 AED 77,175; 2026 AED 85,000New contract, May 2018: AED 82,000 a yearRenewal, May 2019: AED 66,000 a yearNew contract, September 2020: AED 57,000 a year

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

2-beds in Ritaj E, and where 506 sits

All 68 2-beds →

506 last sold in May 2023 at AED 402 per sqft, in line with what two-beds in Ritaj E were fetching at the time (AED 402). Over the last 12 months two-beds sold for AED 860,000 to 990,000, around AED 600 per sqft, and rent for AED 60,000 to 111,000 a year. 506's AED 57,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jul 2026950,000
10 Feb 2026990,000
13 Jan 2026900,000
22 Dec 2025860,000
4 2-bed sales in the last 12 months

Ritaj E

Building

160 apartments, 1-bed to 2-bed over 5 floors in Dubai Investment Park Second. 34 sold in the last 12 months.

Typical price per sqft
AED 708 Up 1.6%
Typical sale
AED 601K
Typical rent
AED 64K /yr
Typical yield
9.0%
Ritaj E, Dubai Investment Park Second: prices, sales and rents →

Other units on the 5th floor

All 160 units in Ritaj E
Value
5022-bedAED 940K · Oct 2025
5042-bedAED 700K · May 2024
5052-bedAED 950K · Jul 2026
5071-bedAED 650K · Aug 2015
5081-bedAED 800K · Mar 2015
5091-bedAED 582K · Feb 2026
5101-bedAED 640K · Apr 2026
1–7 of 24

506, Ritaj E in numbers

  • Sold twice: first on 30 December 2013 for AED 890,000, last on 19 May 2023 for AED 620,000 (AED 402 per sqft).
  • Rented since May 2018 on 3 Ejari contracts, from AED 82,000 to AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 19,600 a year (AED 12.75 per sqft).
  • Two-beds in Ritaj E sold for AED 860,000–990,000 in the 12 months to November 2026; the building's median across all types is AED 708 per sqft.

Source: Dubai Land Department. Updated 19 May 2023.

Questions about 506, Ritaj E

What did unit 506 last sell for?

AED 620,000 on 19 May 2023: AED 402 per sqft for 1,540 sqft. The unit has 2 registered sales; the first was AED 890,000 in December 2013.

What is the rent for unit 506?

AED 57,000 a year on the contract signed on 2 September 2020. The previous contract, from May 2019, was AED 66,000; the unit has been rented since May 2018.

How big is unit 506?

1,540 sqft (143.1 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ritaj E sold for AED 860,000 to 990,000 in the last 12 months, around AED 600 per sqft.

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Mortgage on 506, Ritaj E

Starts from the last sale price (AED 620K, 19 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 620,000
Deposit, UAE resident (20%)
AED 124,000
Deposit, non-resident (40%)
AED 248,000
Monthly over 25 years at 3.7%
AED 2,537

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →