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Studio · 433 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

121, Ritz Residence

Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 121 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 388K23 December 2012
Current rentAED 25K /yr20 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 121, Ritz Residence

What is 121 worth today?

Last sold for AED 388,000 in 2012

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20 Mar 2024RentedNew contract
AED 25,410/yr12 months · AED 59 per sqft
20 Mar 2023RentedRenewal
AED 23,100/yr12 months · AED 54 per sqft
20 Mar 2022RentedRenewal
AED 21,000/yr12 months · AED 49 per sqft
20 Mar 2021RentedNew contract
AED 21,000/yr12 months · AED 49 per sqft
23 Dec 2012Sold by developerReady
AED 388,000AED 896 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 March 2024.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
1st of 7
Parking
B2-21
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 388K · December 2012
Building
Ritz Residence

About 121, Ritz Residence

121 is a studio of 433 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. The developer sold it on 23 December 2012 for AED 388,000, or AED 896 per sqft, 5% above the AED 852 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 20 March 2024, is AED 25,410 a year: a gross yield of 6.6% on the 2012 price, before the service charge of about AED 6,200 a year.

Sales and rents for 121 over time

Sales
Unit 121, each saleTypical studio in Ritz Residence
300K400K2011201520192023Typical 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 2012: AED 388,000 (AED 896 per sqft)

121 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 121, 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, March 2021: AED 21,000 a yearRenewal, March 2022: AED 21,000 a yearRenewal, March 2023: AED 23,100 a yearNew contract, March 2024: AED 25,410 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 121 sits

All 72 studios →

121 last sold in December 2012 at AED 896 per sqft, 5% above what studios in Ritz Residence were fetching at the time (AED 852). 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. 121's AED 25,410 is at the bottom 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

121, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 23 December 2012 for AED 388,000, or AED 896 per sqft.
  • Rented since March 2021 on 4 Ejari contracts, from AED 21,000 to AED 25,410 a year.
  • At AED 25,410 a year the gross yield on the 2012 price is 6.6%, before a service charge of about AED 6,200 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 20 March 2024.

Questions about 121, Ritz Residence

What did unit 121 last sell for?

AED 388,000 on 23 December 2012, sold by the developer: AED 896 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 121?

AED 25,410 a year on the contract signed on 20 March 2024. The previous contract, from March 2023, was AED 23,100; the unit has been rented since March 2021.

How big is unit 121?

433 sqft (40.2 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 121 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 121, Ritz Residence

Starts from the last sale price (AED 388K, 23 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 388,000
Deposit, UAE resident (20%)
AED 77,600
Deposit, non-resident (40%)
AED 155,200
Monthly over 25 years at 3.7%
AED 1,587

Plus AED 19,206 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →