505, Ritz Residence
Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Ritz Residence
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 636 sqft
- Floor
- 5th of 7
- Parking
- B1-07
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 9,100 /yr
- Last sold
- AED 410K · May 2017
- Building
- Ritz Residence
About 505, Ritz Residence
505 is a studio of 636 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 9 May 2017 for AED 410,000, or AED 644 per sqft, 23% below the AED 840 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 15 October 2025, is AED 45,000 a year: a gross yield of 11.0% on the 2017 price, before the service charge of about AED 9,100 a year.
Sales and rents for 505 over time
505 has sold once; 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 505 sits
All 75 studios →505 last sold in May 2017 at AED 644 per sqft, 23% below what studios in Ritz Residence were fetching at the time (AED 840). 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. 505's AED 45,000 is in the upper half of that range.
| 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 | |
| 502 | Studio | 568 sqft | AED 437KAED 437,000 · Jun 2023June 2023 | ||
| 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 | |
| 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 |
505, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 9 May 2017 for AED 410,000, or AED 644 per sqft.
- Rented since July 2013 on 7 Ejari contracts, from AED 24,434 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2017 price is 11.0%, before a service charge of about AED 9,100 a year (AED 14.31 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 15 October 2025.
Questions about 505, Ritz Residence
What did unit 505 last sell for?
AED 410,000 on 9 May 2017, sold by the developer: AED 644 per sqft for 636 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 45,000 a year on the contract signed on 15 October 2025. The previous contract, from October 2024, was AED 39,000; the unit has been rented since July 2013.
How big is unit 505?
636 sqft (59.1 sqm): a studio on the 5th floor of a 7-storey tower completed in 2009.
What is unit 505 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.
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Mortgage on 505, Ritz Residence
Starts from the last sale price (AED 410K, 9 May 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 410,000
- Deposit, UAE resident (20%)
- AED 82,000
- Deposit, non-resident (40%)
- AED 164,000
- Monthly over 25 years at 3.7%
- AED 1,677
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →