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1-bed · 776 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

115, Ritz Residence

Sold prices and rental history: sold twice, last in October 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 115 · DLD and Ejari recordsUpdated 16 November 2025
Last soldAED 506K17 October 2024
Current rentAED 50K /yr16 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 115, Ritz Residence

What is 115 worth today?

Last sold for AED 505,595 in 2024

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16 Nov 2025RentedRenewal
AED 50,000/yr12 months · AED 65 per sqft
15 Nov 2024RentedNew contract
AED 49,862/yr12 months · AED 64 per sqft
17 Oct 2024SoldReady
AED 505,595AED 651 per sqft
1 Oct 2014RentedNew contract
AED 31,500/yr12 months · AED 41 per sqft
31 Jan 2012Sold by developerReady
AED 585,600AED 755 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 November 2025.

Key facts

Type
1-bed apartment
Size
776 sqft
Floor
1st of 7
Parking
B2-15
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,100 /yr
Last sold
AED 506K · October 2024
Building
Ritz Residence

About 115, Ritz Residence

115 is a one-bedroom apartment of 776 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 17 October 2024 for AED 505,595, or AED 651 per sqft, 21% above the AED 539 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 16 November 2025, is AED 50,000 a year: a gross yield of 9.9% on the 2024 price, before the service charge of about AED 11,100 a year.

Sales and rents for 115 over time

Sales
Unit 115, each saleTypical one-bed in Ritz Residence
400K600K2012201620202024Typical sale price by year: 2012 AED 647,500; 2013 AED 400,000; 2014 AED 615,000; 2015 AED 620,000; 2016 AED 620,000; 2021 AED 371,500; 2022 AED 365,000; 2023 AED 372,500; 2024 AED 447,000; 2025 AED 520,000Sold by developer, January 2012: AED 585,600 (AED 755 per sqft)Sold, October 2024: AED 505,595 (AED 651 per sqft)

115 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 115, each contractTypical one-bed in Ritz Residence
30K40K50K2012201620202024Typical rent by year: 2012 AED 32,000; 2013 AED 35,000; 2014 AED 39,000; 2015 AED 42,000; 2016 AED 48,000; 2017 AED 48,000; 2018 AED 45,500; 2019 AED 40,000; 2020 AED 32,500; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 35,000; 2024 AED 40,000; 2025 AED 44,500; 2026 AED 52,000New contract, October 2014: AED 31,500 a yearNew contract, November 2024: AED 49,862 a yearRenewal, November 2025: AED 50,000 a year

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 115 sits

All 71 1-beds →

115 last sold in October 2024 at AED 651 per sqft, 21% above what one-beds in Ritz Residence were fetching at the time (AED 539). Over the last 12 months one-beds sold for AED 665,000, around AED 838 per sqft, and rent for AED 36,000 to 63,000 a year. 115's AED 50,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Jan 2026665,000
19 Jun 2025450,000
28 May 2025615,000
3 Apr 2025627,000
1 1-bed 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

115, Ritz Residence in numbers

  • Sold twice: first on 31 January 2012 for AED 585,600, last on 17 October 2024 for AED 505,595 (AED 651 per sqft).
  • Rented since October 2014 on 3 Ejari contracts, from AED 31,500 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 9.9%, before a service charge of about AED 11,100 a year (AED 14.31 per sqft).
  • One-beds in Ritz Residence sold for AED 665,000–665,000 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 November 2025.

Questions about 115, Ritz Residence

What did unit 115 last sell for?

AED 505,595 on 17 October 2024: AED 651 per sqft for 776 sqft. The unit has 2 registered sales; the first was AED 585,600 in January 2012.

What is the rent for unit 115?

AED 50,000 a year on the contract renewed on 16 November 2025. The previous contract, from November 2024, was AED 49,862; the unit has been rented since October 2014.

How big is unit 115?

776 sqft (72.1 sqm): a one-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 115 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 665,000 to 665,000 in the last 12 months, around AED 838 per sqft.

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Mortgage on 115, Ritz Residence

Starts from the last sale price (AED 506K, 17 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 505,595
Deposit, UAE resident (20%)
AED 101,119
Deposit, non-resident (40%)
AED 202,238
Monthly over 25 years at 3.7%
AED 2,069

Plus AED 26,245 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →