506, Ritz Residence
Sold prices and rental history: sold 4 times, last in December 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Ritz Residence
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 715 sqft
- Floor
- 5th of 7
- Parking
- B1-08
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 10,200 /yr
- Last sold
- AED 410K · December 2024
- Building
- Ritz Residence
About 506, Ritz Residence
506 is a studio of 715 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 20 December 2024 for AED 410,000, or AED 573 per sqft, 22% below the AED 731 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 16 December 2024, is AED 30,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 10,200 a year.
Sales and rents for 506 over time
506 has sold 4 times; 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 506 sits
All 75 studios →506 last sold in December 2024 at AED 573 per sqft, 22% below what studios in Ritz Residence were fetching at the time (AED 731). 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. 506's AED 30,000 is in the lower 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 41K /yr
- Typical yield
- 8.2%
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 | |
| 505 | Studio | 636 sqft | AED 410KAED 410,000 · May 2017May 2017 | 45,000 /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 |
506, Ritz Residence in numbers
- Sold 4 times: first on 12 February 2018 for AED 410,000, last on 20 December 2024 for AED 410,000 (AED 573 per sqft).
- Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 39,779 to AED 20,000 in 2021 and recovered to AED 30,000 by December 2024.
- At AED 30,000 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 10,200 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 20 December 2024.
Questions about 506, Ritz Residence
What did unit 506 last sell for?
AED 410,000 on 20 December 2024: AED 573 per sqft for 715 sqft. The unit has 4 registered sales; the first was AED 410,000 in February 2018.
What is the rent for unit 506?
AED 30,000 a year on the contract signed on 16 December 2024. The previous contract, from December 2024, was AED 30,000; the unit has been rented since September 2016.
How big is unit 506?
715 sqft (66.4 sqm): a studio on the 5th floor of a 7-storey tower completed in 2009.
What is unit 506 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 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Ritz Residence
Starts from the last sale price (AED 410K, 20 December 2024). 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 →