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Studio · 479 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

108, Ritz Residence

Sold prices and rental history: sold once, by the developer in February 2012, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 398K22 February 2012
Current rentAED 26K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 108, Ritz Residence

What is 108 worth today?

Last sold for AED 398,000 in 2012

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1 Jan 2026RentedRenewal
AED 26,400/yr12 months · AED 55 per sqft
1 Jan 2025RentedRenewal
AED 24,000/yr12 months · AED 50 per sqft
1 Jan 2021RentedRenewal
AED 20,000/yr12 months · AED 41 per sqft
1 Jan 2020RentedNew contract
AED 24,000/yr12 months · AED 50 per sqft
1 Feb 2018RentedNew contract
AED 36,000/yr12 months · AED 75 per sqft
22 Feb 2012Sold by developerReady
AED 398,000AED 830 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2026.

Key facts

Type
Studio apartment
Size
479 sqft
Floor
1st of 7
Parking
B2-08
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 398K · February 2012
Building
Ritz Residence

About 108, Ritz Residence

108 is a studio of 479 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 22 February 2012 for AED 398,000, or AED 830 per sqft, 6% below the AED 886 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 January 2026, is AED 26,400 a year: a gross yield of 6.6% on the 2012 price, before the service charge of about AED 6,900 a year.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical studio in Ritz Residence
300K400K2011201520192023Typical 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, February 2012: AED 398,000 (AED 830 per sqft)

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

Rents
Unit 108, 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, February 2018: AED 36,000 a yearNew contract, January 2020: AED 24,000 a yearRenewal, January 2021: AED 20,000 a yearRenewal, January 2025: AED 24,000 a yearRenewal, January 2026: AED 26,400 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 108 sits

All 72 studios →

108 last sold in February 2012 at AED 830 per sqft, 6% below what studios in Ritz Residence were fetching at the time (AED 886). 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. 108's AED 26,400 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
104StudioAED 211K · Aug 2012
105StudioAED 211K · Aug 2012
106StudioAED 209K · Aug 2012
107StudioAED 330K · Nov 2013
1–7 of 23

108, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 22 February 2012 for AED 398,000, or AED 830 per sqft.
  • Rented since February 2018 on 5 Ejari contracts. The rent fell from AED 36,000 to AED 20,000 in 2021 and recovered to AED 26,400 by January 2026.
  • At AED 26,400 a year the gross yield on the 2012 price is 6.6%, before a service charge of about AED 6,900 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 1 January 2026.

Questions about 108, Ritz Residence

What did unit 108 last sell for?

AED 398,000 on 22 February 2012, sold by the developer: AED 830 per sqft for 479 sqft. It is the only registered sale of the unit.

What is the rent for unit 108?

AED 26,400 a year on the contract renewed on 1 January 2026. The previous contract, from January 2025, was AED 24,000; the unit has been rented since February 2018.

How big is unit 108?

479 sqft (44.5 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 108 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 108, Ritz Residence

Starts from the last sale price (AED 398K, 22 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 398,000
Deposit, UAE resident (20%)
AED 79,600
Deposit, non-resident (40%)
AED 159,200
Monthly over 25 years at 3.7%
AED 1,628

Plus AED 19,626 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →