515, Ritz Residence
Sold prices and rental history: sold once, by the developer in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Ritz Residence
What is 515 worth today?
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Source: Dubai Land Department. Updated 18 March 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,088 sqft
- Floor
- 5th of 7
- Parking
- B1-17
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 15,600 /yr
- Last sold
- AED 360K · June 2023
- Building
- Ritz Residence
About 515, Ritz Residence
515 is a one-bedroom apartment of 1,088 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 26 June 2023 for AED 360,000, or AED 330 per sqft, 29% below the AED 465 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 18 March 2026, is AED 61,000 a year: a gross yield of 16.9% on the 2023 price, before the service charge of about AED 15,600 a year.
Sales and rents for 515 over time
515 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ritz Residence, and where 515 sits
All 75 1-beds →515 last sold in June 2023 at AED 330 per sqft, 29% below what one-beds in Ritz Residence were fetching at the time (AED 465). Over the last 12 months one-beds sold for AED 330,000 to 700,000, around AED 838 per sqft, and rent for AED 25,000 to 63,000 a year. 515's AED 61,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 880 sqft | 680,000 | 772 | ||
| 18 Jun 202618 June 2026 | 820 sqft | 700,000 | 853 | ||
| 15 May 202615 May 2026 | 794 sqft | 670,000 | 843 | ||
| 13 May 202613 May 2026 | 370 sqft | 330,000 | 891 |
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 | |
| 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 | |
| 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 |
515, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 26 June 2023 for AED 360,000, or AED 330 per sqft.
- Rented since June 2014 on 8 Ejari contracts. The rent fell from AED 39,889 to AED 30,000 in 2021 and recovered to AED 61,000 by March 2026.
- At AED 61,000 a year the gross yield on the 2023 price is 16.9%, before a service charge of about AED 15,600 a year (AED 14.31 per sqft).
- One-beds in Ritz Residence sold for AED 330,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 833 per sqft.
Source: Dubai Land Department. Updated 18 March 2026.
Questions about 515, Ritz Residence
What did unit 515 last sell for?
AED 360,000 on 26 June 2023, sold by the developer: AED 330 per sqft for 1,088 sqft. It is the only registered sale of the unit.
What is the rent for unit 515?
AED 61,000 a year on the contract signed on 18 March 2026. The previous contract, from June 2022, was AED 32,000; the unit has been rented since June 2014.
How big is unit 515?
1,088 sqft (101.1 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 515 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ritz Residence sold for AED 330,000 to 700,000 in the last 12 months, around AED 838 per sqft.
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Mortgage on 515, Ritz Residence
Starts from the last sale price (AED 360K, 26 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 360,000
- Deposit, UAE resident (20%)
- AED 72,000
- Deposit, non-resident (40%)
- AED 144,000
- Monthly over 25 years at 3.7%
- AED 1,473
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →