Home
Dubai prices
About
Research
1-bed · 802 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

116, Ritz Residence

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 5 January 2026
Last soldAED 530K14 November 2024
Current rentAED 45K /yr5 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Ritz Residence

What is 116 worth today?

Last sold for AED 530,128 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Jan 2026RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
5 Jan 2025RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
14 Nov 2024SoldReady
AED 530,128AED 660 per sqft
1 Feb 2015RentedNew contract
AED 30,000/yr12 months · AED 37 per sqft
15 Jul 2013RentedNew contract
AED 30,000/yr12 months · AED 37 per sqft
31 Jan 2012Sold by developerReady
AED 600,000AED 747 per sqft

Source: Dubai Land Department. Updated 5 January 2026.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
1st of 7
Parking
B2-16
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,500 /yr
Last sold
AED 530K · November 2024
Building
Ritz Residence

About 116, Ritz Residence

116 is a one-bedroom apartment of 802 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 2024 for AED 530,128, or AED 660 per sqft, 18% above the AED 561 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 5 January 2026, is AED 45,000 a year: a gross yield of 8.5% on the 2024 price, before the service charge of about AED 11,500 a year.

Sales and rents for 116 over time

Sales
Unit 116, 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 600,000 (AED 747 per sqft)Sold, November 2024: AED 530,128 (AED 660 per sqft)

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

Rents
Unit 116, 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, July 2013: AED 30,000 a yearNew contract, February 2015: AED 30,000 a yearNew contract, January 2025: AED 45,000 a yearNew contract, January 2026: AED 45,000 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 116 sits

All 71 1-beds →

116 last sold in November 2024 at AED 660 per sqft, 18% above what one-beds in Ritz Residence were fetching at the time (AED 561). 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. 116's AED 45,000 is in the lower 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

116, Ritz Residence in numbers

  • Sold twice: first on 31 January 2012 for AED 600,000, last on 14 November 2024 for AED 530,128 (AED 660 per sqft).
  • Rented since July 2013 on 4 Ejari contracts, from AED 30,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 8.5%, before a service charge of about AED 11,500 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: Dubai Land Department. Updated 5 January 2026.

Questions about 116, Ritz Residence

What did unit 116 last sell for?

AED 530,128 on 14 November 2024: AED 660 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 600,000 in January 2012.

What is the rent for unit 116?

AED 45,000 a year on the contract signed on 5 January 2026. The previous contract, from January 2025, was AED 45,000; the unit has been rented since July 2013.

How big is unit 116?

802 sqft (74.5 sqm): a one-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 116 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.

Selling 116? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 116, Ritz Residence

Starts from the last sale price (AED 530K, 14 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 530,128
Deposit, UAE resident (20%)
AED 106,026
Deposit, non-resident (40%)
AED 212,051
Monthly over 25 years at 3.7%
AED 2,169

Plus AED 27,275 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →