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1-bed · 883 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

119, Ritz Residence

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 7 June 2023
Last soldAED 425K7 June 2023
Current rentAED 30K /yr25 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 119, Ritz Residence

What is 119 worth today?

Last sold for AED 425,000 in 2023

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7 Jun 2023SoldReady
AED 425,000AED 481 per sqft
17 Jan 2023Sold by developerReady
AED 370,000AED 418 per sqft
25 Apr 2022RentedRenewal
AED 30,000/yr12 months · AED 34 per sqft
25 Mar 2020RentedNew contract
AED 33,000/yr12 months · AED 37 per sqft
1 Jan 2019RentedNew contract
AED 40,000/yr12 months · AED 45 per sqft
4 Oct 2017RentedNew contract
AED 49,733/yr12 months · AED 56 per sqft
30 Mar 2017RentedNew contract
AED 38,791/yr12 months · AED 44 per sqft
31 Mar 2016RentedRenewal
AED 38,892/yr12 months · AED 44 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 June 2023.

Key facts

Type
1-bed apartment
Size
883 sqft
Floor
1st of 7
Parking
B2-19
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 12,600 /yr
Last sold
AED 425K · June 2023
Building
Ritz Residence

About 119, Ritz Residence

119 is a one-bedroom apartment of 883 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 7 June 2023 for AED 425,000, or AED 481 per sqft, 3% above the AED 465 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 25 April 2022, is AED 30,000 a year: a gross yield of 7.1% on the 2023 price, before the service charge of about AED 12,600 a year.

Sales and rents for 119 over time

Sales
Unit 119, 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 2023: AED 370,000 (AED 418 per sqft)Sold, June 2023: AED 425,000 (AED 481 per sqft)

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

Rents
Unit 119, 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, March 2013: AED 34,000 a yearNew contract, March 2014: AED 34,000 a yearNew contract, March 2015: AED 37,400 a yearRenewal, March 2016: AED 38,892 a yearNew contract, March 2017: AED 38,791 a yearNew contract, October 2017: AED 49,733 a yearNew contract, January 2019: AED 40,000 a yearNew contract, March 2020: AED 33,000 a yearRenewal, April 2022: AED 30,000 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 119 sits

All 71 1-beds →

119 last sold in June 2023 at AED 481 per sqft, 3% above what one-beds in Ritz Residence were fetching at the time (AED 465). 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. 119's AED 30,000 is at the bottom 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

119, Ritz Residence in numbers

  • Sold twice: first on 17 January 2023 for AED 370,000, last on 7 June 2023 for AED 425,000 (AED 481 per sqft).
  • Rented since March 2013 on 9 Ejari contracts, from AED 34,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2023 price is 7.1%, before a service charge of about AED 12,600 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 7 June 2023.

Questions about 119, Ritz Residence

What did unit 119 last sell for?

AED 425,000 on 7 June 2023: AED 481 per sqft for 883 sqft. The unit has 2 registered sales; the first was AED 370,000 in January 2023.

What is the rent for unit 119?

AED 30,000 a year on the contract renewed on 25 April 2022. The previous contract, from March 2020, was AED 33,000; the unit has been rented since March 2013.

How big is unit 119?

883 sqft (82.0 sqm): a one-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 119 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 119, Ritz Residence

Starts from the last sale price (AED 425K, 7 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

Plus AED 20,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →