3-bed · 2,608 sqftRitaj G, Dubai Investment Park Second · 5th floor

509, Ritaj G

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 21 December 2023
Last soldAED 1.15M21 December 2023
Current rentAED 87K /yr15 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Ritaj G

What is 509 worth today?

Last sold for AED 1,147,500 in 2023

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21 Dec 2023SoldReady
AED 1,147,500AED 439 per sqft
15 Jun 2022RentedRenewal
AED 87,400/yr12 months · AED 34 per sqft
15 Jun 2021RentedRenewal
AED 76,000/yr12 months · AED 29 per sqft
15 Jun 2020RentedRenewal
AED 80,000/yr12 months · AED 31 per sqft
15 Jun 2019RentedRenewal
AED 95,000/yr12 months · AED 36 per sqft
15 Jun 2018RentedRenewal
AED 110,000/yr12 months · AED 42 per sqft
15 Jun 2017RentedNew contract
AED 115,000/yr12 months · AED 44 per sqft
15 Apr 2016RentedNew contract
AED 122,000/yr12 months · AED 47 per sqft

Source: Dubai Land Department. Updated 21 December 2023.

Key facts

Type
3-bed apartment
Size
2,608 sqft
Floor
5th of 5
Parking
7-G-62& 7-G-63
Service charge
AED 42,300 /yr
Last sold
AED 1.15M · December 2023
Building
Ritaj G

About 509, Ritaj G

509 is a three-bedroom apartment of 2,608 sqft on the 5th floor of Ritaj G, a 5-storey tower in Dubai Investment Park Second. It last sold on 21 December 2023 for AED 1,147,500, or AED 439 per sqft, 7% above the AED 409 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 15 June 2022, is AED 87,400 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 42,300 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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 1,180,000; 2024 AED 1,234,654; 2025 AED 1,625,000Sold by developer, July 2013: AED 650,000 (AED 249 per sqft)Sold, December 2023: AED 1,147,500 (AED 439 per sqft)

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

Rents
Unit 509, each contractTypical three-bed in Ritaj G
100K150K2013201720212025Typical rent by year: 2013 AED 125,000; 2014 AED 130,000; 2015 AED 140,000; 2016 AED 140,000; 2017 AED 127,500; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 84,500; 2021 AED 80,000; 2022 AED 87,400; 2023 AED 100,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 138,000New contract, April 2015: AED 120,000 a yearNew contract, April 2016: AED 122,000 a yearNew contract, June 2017: AED 115,000 a yearRenewal, June 2018: AED 110,000 a yearRenewal, June 2019: AED 95,000 a yearRenewal, June 2020: AED 80,000 a yearRenewal, June 2021: AED 76,000 a yearRenewal, June 2022: AED 87,400 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 509 sits

All 20 3-beds →

509 last sold in December 2023 at AED 439 per sqft, 7% above what three-beds in Ritaj G were fetching at the time (AED 409). Over the last 12 months three-beds sold for AED 1,650,000 to 1,780,000, around AED 894 per sqft, and rent for AED 135,000 to 145,000 a year. 509's AED 87,400 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Jul 20261,650,000
28 Jan 20261,780,000
7 Oct 20251,700,000
11 Aug 20251,496,217
2 3-bed sales in the last 12 months

Ritaj G

Building

69 apartments, 1-bed to 3-bed over 5 floors in Dubai Investment Park Second. 8 sold in the last 12 months.

Typical price per sqft
AED 699
Typical sale
AED 804K
Typical rent
AED 75K /yr
Typical yield
7.5%
Ritaj G, Dubai Investment Park Second: prices, sales and rents →

Other units on the 5th floor

All 69 units in Ritaj G
Value
5012-bedAED 893K · Apr 2013
5021-bedAED 639K · Jan 2026
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
1–7 of 11

509, Ritaj G in numbers

  • Sold twice: first on 17 July 2013 for AED 650,000, last on 21 December 2023 for AED 1,147,500 (AED 439 per sqft).
  • Rented since April 2015 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 76,000 in 2021 and recovered to AED 87,400 by June 2022.
  • At AED 87,400 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 42,300 a year (AED 16.21 per sqft).
  • Three-beds in Ritaj G sold for AED 1,650,000–1,780,000 in the 12 months to November 2026; the building's median across all types is AED 699 per sqft.

Source: Dubai Land Department. Updated 21 December 2023.

Questions about 509, Ritaj G

What did unit 509 last sell for?

AED 1,147,500 on 21 December 2023: AED 439 per sqft for 2,608 sqft. The unit has 2 registered sales; the first was AED 650,000 in July 2013.

What is the rent for unit 509?

AED 87,400 a year on the contract renewed on 15 June 2022. The previous contract, from June 2021, was AED 76,000; the unit has been rented since April 2015.

How big is unit 509?

2,608 sqft (242.3 sqm): a three-bedroom apartment on the 5th floor of a 5-storey tower.

What is unit 509 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 1,650,000 to 1,780,000 in the last 12 months, around AED 894 per sqft.

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Mortgage on 509, Ritaj G

Starts from the last sale price (AED 1.15M, 21 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,147,500
Deposit, UAE resident (20%)
AED 229,500
Deposit, non-resident (40%)
AED 459,000
Monthly over 25 years at 3.7%
AED 4,695

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