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Studio · 442 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

204, Ritz Residence

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

Unit 204 · DLD and Ejari recordsUpdated 4 February 2024
Last soldAED 295K26 January 2024
Current rentAED 30K /yr4 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 204, Ritz Residence

What is 204 worth today?

Last sold for AED 295,000 in 2024

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4 Feb 2024RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
26 Jan 2024SoldReady
AED 295,000AED 667 per sqft
4 Jan 2023RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
15 Mar 2021RentedNew contract
AED 19,476/yr12 months · AED 44 per sqft
7 Jul 2020RentedNew contract
AED 27,379/yr12 months · AED 62 per sqft
1 Feb 2019RentedNew contract
AED 24,000/yr12 months · AED 54 per sqft
10 Oct 2017RentedRenewal
AED 30,917/yr12 months · AED 70 per sqft
10 Oct 2016RentedNew contract
AED 44,000/yr12 months · AED 100 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 February 2024.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
2nd of 7
Parking
B2-28
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,300 /yr
Last sold
AED 295K · January 2024
Building
Ritz Residence

About 204, Ritz Residence

204 is a studio of 442 sqft on the 2nd 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 26 January 2024 for AED 295,000, or AED 667 per sqft, 18% above the AED 566 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 4 February 2024, is AED 30,000 a year: a gross yield of 10.2% on the 2024 price, before the service charge of about AED 6,300 a year.

Sales and rents for 204 over time

Sales
Unit 204, 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, January 2013: AED 360,000 (AED 815 per sqft)Sold, January 2024: AED 295,000 (AED 667 per sqft)

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

Rents
Unit 204, each contractTypical studio in Ritz Residence
20K40K60K2012201620202024Typical 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, September 2013: AED 31,911 a yearNew contract, December 2015: AED 57,000 a yearNew contract, October 2016: AED 44,000 a yearRenewal, October 2017: AED 30,917 a yearNew contract, February 2019: AED 24,000 a yearNew contract, July 2020: AED 27,379 a yearNew contract, March 2021: AED 19,476 a yearNew contract, January 2023: AED 30,000 a yearNew contract, February 2024: AED 30,000 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 204 sits

All 72 studios →

204 last sold in January 2024 at AED 667 per sqft, 18% above what studios in Ritz Residence were fetching at the time (AED 566). 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. 204's AED 30,000 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 2nd floor

All 150 units in Ritz Residence
Value
2011-bedAED 400K · Oct 2024
202StudioAED 370K · Dec 2011
203StudioAED 350K · Apr 2024
205StudioAED 320K · Nov 2023
206StudioAED 233K · Oct 2012
207StudioAED 223K · Sep 2012
208StudioAED 400K · Dec 2012
1–7 of 23

204, Ritz Residence in numbers

  • Sold twice: first on 3 January 2013 for AED 360,000, last on 26 January 2024 for AED 295,000 (AED 667 per sqft).
  • Rented since September 2013 on 9 Ejari contracts. The rent fell from AED 31,911 to AED 19,476 in 2021 and recovered to AED 30,000 by February 2024.
  • At AED 30,000 a year the gross yield on the 2024 price is 10.2%, before a service charge of about AED 6,300 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 4 February 2024.

Questions about 204, Ritz Residence

What did unit 204 last sell for?

AED 295,000 on 26 January 2024: AED 667 per sqft for 442 sqft. The unit has 2 registered sales; the first was AED 360,000 in January 2013.

What is the rent for unit 204?

AED 30,000 a year on the contract signed on 4 February 2024. The previous contract, from January 2023, was AED 30,000; the unit has been rented since September 2013.

How big is unit 204?

442 sqft (41.1 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 204 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 204, Ritz Residence

Starts from the last sale price (AED 295K, 26 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 295,000
Deposit, UAE resident (20%)
AED 59,000
Deposit, non-resident (40%)
AED 118,000
Monthly over 25 years at 3.7%
AED 1,207

Plus AED 15,300 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →