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1-bed · 793 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

117, Ritz Residence

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 117 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 350K17 November 2020
Current rentAED 45K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 117, Ritz Residence

What is 117 worth today?

Last sold for AED 350,000 in 2020

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15 Nov 2024RentedNew contract
AED 45,000/yr12 months · AED 57 per sqft
15 Feb 2023RentedNew contract
AED 31,000/yr12 months · AED 39 per sqft
8 Feb 2022RentedRenewal
AED 31,000/yr12 months · AED 39 per sqft
8 Jan 2021RentedNew contract
AED 30,000/yr13 months · AED 38 per sqft
17 Nov 2020SoldReady
AED 350,000AED 441 per sqft
1 Mar 2017RentedNew contract
AED 51,861/yr12 months · AED 65 per sqft
2 Mar 2016RentedRenewal
AED 55,000/yr12 months · AED 69 per sqft
1 Mar 2015RentedNew contract
AED 39,000/yr12 months · AED 49 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2024.

Key facts

Type
1-bed apartment
Size
793 sqft
Floor
1st of 7
Parking
B2-17
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,300 /yr
Last sold
AED 350K · November 2020
Building
Ritz Residence

About 117, Ritz Residence

117 is a one-bedroom apartment of 793 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 November 2020 for AED 350,000, or AED 441 per sqft.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 15 November 2024, is AED 45,000 a year: a gross yield of 12.9% on the 2020 price, before the service charge of about AED 11,300 a year.

Sales and rents for 117 over time

Sales
Unit 117, 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, July 2012: AED 598,500 (AED 754 per sqft)Sold, November 2020: AED 350,000 (AED 441 per sqft)

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

Rents
Unit 117, each contractTypical one-bed in Ritz Residence
40K2012201620202024Typical 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, March 2013: AED 34,000 a yearNew contract, March 2014: AED 38,895 a yearNew contract, March 2015: AED 39,000 a yearRenewal, March 2016: AED 55,000 a yearNew contract, March 2017: AED 51,861 a yearNew contract, January 2021: AED 30,000 a yearRenewal, February 2022: AED 31,000 a yearNew contract, February 2023: AED 31,000 a yearNew contract, November 2024: 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 117 sits

All 71 1-beds →

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. 117'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

117, Ritz Residence in numbers

  • Sold twice: first on 5 July 2012 for AED 598,500, last on 17 November 2020 for AED 350,000 (AED 441 per sqft).
  • Rented since March 2013 on 9 Ejari contracts. The rent fell from AED 34,000 to AED 30,000 in 2021 and recovered to AED 45,000 by November 2024.
  • At AED 45,000 a year the gross yield on the 2020 price is 12.9%, before a service charge of about AED 11,300 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 15 November 2024.

Questions about 117, Ritz Residence

What did unit 117 last sell for?

AED 350,000 on 17 November 2020: AED 441 per sqft for 793 sqft. The unit has 2 registered sales; the first was AED 598,500 in July 2012.

What is the rent for unit 117?

AED 45,000 a year on the contract signed on 15 November 2024. The previous contract, from February 2023, was AED 31,000; the unit has been rented since March 2013.

How big is unit 117?

793 sqft (73.7 sqm): a one-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 117 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 117, Ritz Residence

Starts from the last sale price (AED 350K, 17 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

Plus AED 17,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →