502, Ritz Residence
Sold prices and rental history: sold twice, last in June 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Ritz Residence
What is 502 worth today?
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Source: Dubai Land Department. Updated 6 June 2023.
Key facts
- Type
- Studio apartment
- Size
- 568 sqft
- Floor
- 5th of 7
- Parking
- B1-04
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 8,100 /yr
- Last sold
- AED 437K · June 2023
- Building
- Ritz Residence
About 502, Ritz Residence
502 is a studio of 568 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. It last sold on 6 June 2023 for AED 437,000, or AED 769 per sqft, 45% above the AED 531 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 502 over time
502 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Ritz Residence, and where 502 sits
All 75 studios →502 last sold in June 2023 at AED 769 per sqft, 45% above what studios in Ritz Residence were fetching at the time (AED 531). Over the last 12 months studios sold for AED 410,000 to 465,000, around AED 828 per sqft, and rent for AED 25,000 to 60,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 411 sqft | 420,000 | 1,022 | ||
| 21 Nov 202521 November 2025 | 620 sqft | 465,000 | 749 | ||
| 10 Nov 202510 November 2025 | 495 sqft | 410,000 | 828 | ||
| 9 Sep 20259 September 2025 | 442 sqft | 425,000 | 962 |
Ritz Residence
Building150 apartments, studios to 1-bed over 7 floors in International City Phase 2 & 3, completed in 2009 by Alwifaq Investment Properties. 10 sold in the last 12 months.
- Typical price per sqft
- AED 833 Up 26.2%
- Typical sale
- AED 565K
- Typical rent
- AED 40K /yr
- Typical yield
- 8.3%
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 | 33,000 /yr | |
| 503 | Studio | 563 sqft | AED 275KAED 275,000 · Jun 2023June 2023 | 40,000 /yr | |
| 504 | Studio | 569 sqft | AED 415KAED 415,000 · Dec 2024December 2024 | 35,000 /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 | 40,000 /yr | |
| 508 | 1-bed | 880 sqft | AED 680KAED 680,000 · Aug 2026August 2026 | 50,000 /yr | |
| 509 | 1-bed | 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 | 30,000 /yr | |
| 515 | 1-bed | 1,088 sqft | AED 360KAED 360,000 · Jun 2023June 2023 | 61,000 /yr | |
| 516 | Studio | 619 sqft | AED 315KAED 315,000 · Dec 2023December 2023 | 33,000 /yr | |
| 517 | Studio | 549 sqft | AED 385KAED 385,000 · Sep 2024September 2024 | 38,000 /yr | |
| 518 | Studio | 620 sqft | AED 465KAED 465,000 · Nov 2025November 2025 | 36,000 /yr |
502, Ritz Residence in numbers
- Sold twice: first on 5 July 2012 for AED 440,000, last on 6 June 2023 for AED 437,000 (AED 769 per sqft).
- Studios in Ritz Residence sold for AED 410,000–465,000 in the 12 months to November 2026; the building's median across all types is AED 833 per sqft.
Source: Dubai Land Department. Updated 6 June 2023.
Questions about 502, Ritz Residence
What did unit 502 last sell for?
AED 437,000 on 6 June 2023: AED 769 per sqft for 568 sqft. The unit has 2 registered sales; the first was AED 440,000 in July 2012.
How big is unit 502?
568 sqft (52.8 sqm): a studio on the 5th floor of a 7-storey tower completed in 2009.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ritz Residence sold for AED 410,000 to 465,000 in the last 12 months, around AED 828 per sqft.
Selling 502? Put it on the OpenOffers board
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Mortgage on 502, Ritz Residence
Starts from the last sale price (AED 437K, 6 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 437,000
- Deposit, UAE resident (20%)
- AED 87,400
- Deposit, non-resident (40%)
- AED 174,800
- Monthly over 25 years at 3.7%
- AED 1,788
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →