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Studio · 442 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

103, Ritz Residence

Sold prices and rental history: sold once, by the developer in September 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 16 October 2022
Last soldAED 211K16 September 2012
Current rentAED 20K /yr16 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103, Ritz Residence

What is 103 worth today?

Last sold for AED 210,567 in 2012

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16 Oct 2022RentedRenewal
AED 20,000/yr12 months · AED 45 per sqft
16 Oct 2021RentedNew contract
AED 19,000/yr12 months · AED 43 per sqft
1 Feb 2020RentedNew contract
AED 18,500/yr12 months · AED 42 per sqft
16 Dec 2018RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
16 Dec 2017RentedNew contract
AED 32,000/yr12 months · AED 72 per sqft
16 Sep 2012Sold by developerReady
AED 210,567AED 476 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 October 2022.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
1st of 7
Parking
B2-03
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,300 /yr
Last sold
AED 211K · September 2012
Building
Ritz Residence

About 103, Ritz Residence

103 is a studio of 442 sqft on the 1st 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 16 September 2012 for AED 210,567, or AED 476 per sqft, 43% below the AED 830 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 16 October 2022, is AED 20,000 a year: a gross yield of 9.5% on the 2012 price, before the service charge of about AED 6,300 a year.

Sales and rents for 103 over time

Sales
Unit 103, each saleTypical studio in Ritz Residence
200K300K400K2011201520192023Typical sale price by year: 2011 AED 380,000; 2012 AED 380,000; 2013 AED 320,000; 2014 AED 347,440; 2015 AED 420,000; 2016 AED 370,000; 2017 AED 372,500; 2018 AED 330,000; 2022 AED 245,000; 2023 AED 275,000; 2024 AED 352,500Sold by developer, September 2012: AED 210,567 (AED 476 per sqft)

103 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 103, each contractTypical studio in Ritz Residence
20K30K40K2012201620202024Typical rent by year: 2012 AED 20,500; 2013 AED 26,000; 2014 AED 33,500; 2015 AED 38,000; 2016 AED 39,783; 2017 AED 36,000; 2018 AED 30,000; 2019 AED 26,000; 2020 AED 23,000; 2021 AED 20,000; 2022 AED 22,000; 2023 AED 25,000; 2024 AED 30,000; 2025 AED 33,500; 2026 AED 39,000New contract, December 2017: AED 32,000 a yearNew contract, December 2018: AED 30,000 a yearNew contract, February 2020: AED 18,500 a yearNew contract, October 2021: AED 19,000 a yearRenewal, October 2022: AED 20,000 a year

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 103 sits

All 72 studios →

103 last sold in September 2012 at AED 476 per sqft, 43% below what studios in Ritz Residence were fetching at the time (AED 830). Over the last 12 months studios sold for AED 465,000, around AED 749 per sqft, and rent for AED 26,400 to 60,000 a year. 103's AED 20,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Apr 2025367,000
24 Dec 2024415,000
24 Dec 2024350,000
20 Dec 2024410,000
1 studio sale in the last 12 months

Ritz Residence

Building

150 apartments, studios to 1-bed over 7 floors in International City Phase 2 & 3, completed in 2009 by Alwifaq Investment Properties. 2 sold in the last 12 months.

Typical price per sqft
AED 794
Typical sale
AED 565K
Typical rent
AED 46K /yr
Typical yield
8.6%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 1st floor

All 150 units in Ritz Residence
Value
1011-bedAED 355K · Mar 2019
102StudioAED 320K · Jul 2013
104StudioAED 211K · Aug 2012
105StudioAED 211K · Aug 2012
106StudioAED 209K · Aug 2012
107StudioAED 330K · Nov 2013
108StudioAED 398K · Feb 2012
1–7 of 23

103, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 16 September 2012 for AED 210,567, or AED 476 per sqft.
  • Rented since December 2017 on 5 Ejari contracts, from AED 32,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2012 price is 9.5%, before a service charge of about AED 6,300 a year (AED 14.31 per sqft).
  • Studios in Ritz Residence sold for AED 465,000–465,000 in the 12 months to November 2026; the building's median across all types is AED 794 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 16 October 2022.

Questions about 103, Ritz Residence

What did unit 103 last sell for?

AED 210,567 on 16 September 2012, sold by the developer: AED 476 per sqft for 442 sqft. It is the only registered sale of the unit.

What is the rent for unit 103?

AED 20,000 a year on the contract renewed on 16 October 2022. The previous contract, from October 2021, was AED 19,000; the unit has been rented since December 2017.

How big is unit 103?

442 sqft (41.1 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 103 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 465,000 to 465,000 in the last 12 months, around AED 749 per sqft.

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Mortgage on 103, Ritz Residence

Starts from the last sale price (AED 211K, 16 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 210,567
Deposit, UAE resident (20%)
AED 42,113
Deposit, non-resident (40%)
AED 84,227
Monthly over 25 years at 3.7%
AED 861

Plus AED 11,754 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →