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Studio · 434 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

107, Ritz Residence

Sold prices and rental history: sold 3 times, last in November 2013, and rented once, from April 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 107 · DLD and Ejari recordsUpdated 25 April 2015
Last soldAED 330K14 November 2013
Current rentAED 40K /yr25 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 107, Ritz Residence

What is 107 worth today?

Last sold for AED 330,000 in 2013

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25 Apr 2015RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
14 Nov 2013SoldReady
AED 330,000AED 760 per sqft
8 Oct 2013SoldReady
AED 300,000AED 691 per sqft
1 Aug 2012Sold by developerReady
AED 218,909AED 504 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 April 2015.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
1st of 7
Parking
B2-07
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 330K · November 2013
Building
Ritz Residence

About 107, Ritz Residence

107 is a studio of 434 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. It last sold on 14 November 2013 for AED 330,000, or AED 760 per sqft, 7% below the AED 815 studios in the building were fetching at the time.

One Ejari contract is registered, from 25 April 2015. The current contract, signed on 25 April 2015, is AED 40,000 a year: a gross yield of 12.1% on the 2013 price, before the service charge of about AED 6,200 a year.

Sales and rents for 107 over time

Sales
Unit 107, 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 218,909 (AED 504 per sqft)Sold, October 2013: AED 300,000 (AED 691 per sqft)Sold, November 2013: AED 330,000 (AED 760 per sqft)

107 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 107, 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, April 2015: AED 40,000 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 107 sits

All 72 studios →

107 last sold in November 2013 at AED 760 per sqft, 7% below what studios in Ritz Residence were fetching at the time (AED 815). 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. 107's AED 40,000 is in the lower half 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
104StudioAED 211K · Aug 2012
105StudioAED 211K · Aug 2012
106StudioAED 209K · Aug 2012
108StudioAED 398K · Feb 2012
1–7 of 23

107, Ritz Residence in numbers

  • Sold 3 times: first on 1 August 2012 for AED 218,909, last on 14 November 2013 for AED 330,000 (AED 760 per sqft).
  • Rented since April 2015 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2013 price is 12.1%, before a service charge of about AED 6,200 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 25 April 2015.

Questions about 107, Ritz Residence

What did unit 107 last sell for?

AED 330,000 on 14 November 2013: AED 760 per sqft for 434 sqft. The unit has 3 registered sales; the first was AED 218,909 in August 2012.

What is the rent for unit 107?

AED 40,000 a year on the contract signed on 25 April 2015.

How big is unit 107?

434 sqft (40.3 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 107 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 107, Ritz Residence

Starts from the last sale price (AED 330K, 14 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 330,000
Deposit, UAE resident (20%)
AED 66,000
Deposit, non-resident (40%)
AED 132,000
Monthly over 25 years at 3.7%
AED 1,350

Plus AED 16,770 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →