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Studio · 417 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

120, Ritz Residence

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

Unit 120 · DLD and Ejari recordsUpdated 14 September 2025
Last soldAED 320K14 July 2013
Current rentAED 40K /yr14 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 120, Ritz Residence

What is 120 worth today?

Last sold for AED 320,000 in 2013

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14 Sep 2025RentedNew contract
AED 40,000/yr12 months · AED 96 per sqft
25 Aug 2024RentedRenewal
AED 28,500/yr12 months · AED 68 per sqft
25 Aug 2023RentedNew contract
AED 26,000/yr12 months · AED 62 per sqft
1 Sep 2022RentedNew contract
AED 22,000/yr12 months · AED 53 per sqft
12 Aug 2020RentedNew contract
AED 18,848/yr12 months · AED 45 per sqft
1 May 2019RentedNew contract
AED 26,000/yr12 months · AED 62 per sqft
2 Aug 2013RentedNew contract
AED 30,000/yr12 months · AED 71 per sqft
14 Jul 2013SoldReady
AED 320,000AED 766 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2025.

Key facts

Type
Studio apartment
Size
417 sqft
Floor
1st of 7
Parking
B2-20
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,000 /yr
Last sold
AED 320K · July 2013
Building
Ritz Residence

About 120, Ritz Residence

120 is a studio of 417 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 July 2013 for AED 320,000, or AED 766 per sqft, 6% below the AED 815 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 14 September 2025, is AED 40,000 a year: a gross yield of 12.5% on the 2013 price, before the service charge of about AED 6,000 a year.

Sales and rents for 120 over time

Sales
Unit 120, each saleTypical studio in Ritz Residence
200K400K2011201520192023Typical 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, December 2011: AED 190,000 (AED 455 per sqft)Sold, July 2013: AED 320,000 (AED 766 per sqft)

120 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 120, 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, August 2013: AED 30,000 a yearNew contract, May 2019: AED 26,000 a yearNew contract, August 2020: AED 18,848 a yearNew contract, September 2022: AED 22,000 a yearNew contract, August 2023: AED 26,000 a yearRenewal, August 2024: AED 28,500 a yearNew contract, September 2025: AED 40,000 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 120 sits

All 72 studios →

120 last sold in July 2013 at AED 766 per sqft, 6% below what studios in Ritz Residence were fetching at the time (AED 815). 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. 120's AED 40,000 is in the lower half 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

120, Ritz Residence in numbers

  • Sold twice: first on 28 December 2011 for AED 190,000, last on 14 July 2013 for AED 320,000 (AED 766 per sqft).
  • Rented since August 2013 on 7 Ejari contracts. The rent fell from AED 30,000 to AED 18,848 in 2020 and recovered to AED 40,000 by September 2025.
  • At AED 40,000 a year the gross yield on the 2013 price is 12.5%, before a service charge of about AED 6,000 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 14 September 2025.

Questions about 120, Ritz Residence

What did unit 120 last sell for?

AED 320,000 on 14 July 2013: AED 766 per sqft for 417 sqft. The unit has 2 registered sales; the first was AED 190,000 in December 2011.

What is the rent for unit 120?

AED 40,000 a year on the contract signed on 14 September 2025. The previous contract, from August 2024, was AED 28,500; the unit has been rented since August 2013.

How big is unit 120?

417 sqft (38.7 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 120 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 120, Ritz Residence

Starts from the last sale price (AED 320K, 14 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

Plus AED 16,350 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →