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

104, Ritz Residence

Sold prices and rental history: sold once, by the developer in August 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 104 · DLD and Ejari recordsUpdated 31 January 2023
Last soldAED 211K1 August 2012
Current rentAED 20K /yr31 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 104, Ritz Residence

What is 104 worth today?

Last sold for AED 210,567 in 2012

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31 Jan 2023RentedNew contract
AED 20,308/yr13 months · AED 46 per sqft
19 Nov 2021RentedNew contract
AED 19,000/yr13 months · AED 43 per sqft
14 Apr 2021RentedNew contract
AED 20,000/yr13 months · AED 45 per sqft
11 Mar 2020RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
31 Oct 2019RentedNew contract
AED 25,200/yr12 months · AED 57 per sqft
15 Sep 2018RentedRenewal
AED 32,000/yr12 months · AED 72 per sqft
15 Sep 2017RentedNew contract
AED 32,000/yr12 months · AED 72 per sqft
12 May 2015RentedRenewal
AED 29,000/yr12 months · AED 66 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 January 2023.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
1st of 7
Parking
B2-04
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,300 /yr
Last sold
AED 211K · August 2012
Building
Ritz Residence

About 104, Ritz Residence

104 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 1 August 2012 for AED 210,567, or AED 476 per sqft, 44% below the AED 853 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 31 January 2023, is AED 20,308 a year: a gross yield of 9.6% on the 2012 price, before the service charge of about AED 6,300 a year.

Sales and rents for 104 over time

Sales
Unit 104, 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, August 2012: AED 210,567 (AED 476 per sqft)

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

Rents
Unit 104, 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, May 2013: AED 22,000 a yearRenewal, May 2014: AED 25,300 a yearRenewal, May 2015: AED 29,000 a yearNew contract, September 2017: AED 32,000 a yearRenewal, September 2018: AED 32,000 a yearNew contract, October 2019: AED 25,200 a yearNew contract, March 2020: AED 20,000 a yearNew contract, April 2021: AED 20,000 a yearNew contract, November 2021: AED 19,000 a yearNew contract, January 2023: AED 20,308 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 104 sits

All 72 studios →

104 last sold in August 2012 at AED 476 per sqft, 44% below what studios in Ritz Residence were fetching at the time (AED 853). 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. 104's AED 20,308 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
103StudioAED 211K · Sep 2012
105StudioAED 211K · Aug 2012
106StudioAED 209K · Aug 2012
107StudioAED 330K · Nov 2013
108StudioAED 398K · Feb 2012
1–7 of 23

104, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 1 August 2012 for AED 210,567, or AED 476 per sqft.
  • Rented since May 2013 on 10 Ejari contracts, from AED 22,000 to AED 20,308 a year.
  • At AED 20,308 a year the gross yield on the 2012 price is 9.6%, 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 31 January 2023.

Questions about 104, Ritz Residence

What did unit 104 last sell for?

AED 210,567 on 1 August 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 104?

AED 20,308 a year on the contract signed on 31 January 2023. The previous contract, from November 2021, was AED 19,000; the unit has been rented since May 2013.

How big is unit 104?

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

What is unit 104 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 104, Ritz Residence

Starts from the last sale price (AED 211K, 1 August 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 →