Studio · 434 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

207, Ritz Residence

Sold prices and rental history: sold once, by the developer in September 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 207 · DLD and Ejari recordsUpdated 15 July 2023

Last soldAED 223K16 September 2012

Current rentAED 25K /yr15 July 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 207, Ritz Residence

Today

What is 207 worth today?

Last sold for AED 223,365 in 2012

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15 Jul 2023

15 Jul 2023RentedNew contract

AED 25,000/yr12 months · AED 58 per sqft

1 Nov 2020

1 Nov 2020RentedNew contract

AED 19,800/yr12 months · AED 46 per sqft

1 Nov 2018

1 Nov 2018RentedNew contract

AED 30,000/yr12 months · AED 69 per sqft

20 Sep 2017

20 Sep 2017RentedNew contract

AED 32,000/yr12 months · AED 74 per sqft

16 Sep 2012

16 Sep 2012Sold by developerReady

AED 223,365AED 514 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 July 2023.

Key facts

Type: Studio apartment
Size: 434 sqft
Floor: 2nd of 7
Parking: B2-31
Developer: Alwifaq Investment Properties
Completed: 2009
Service charge: AED 6,200 /yr
Last sold: AED 223K · September 2012
Building: Ritz Residence

About 207, Ritz Residence

207 is a studio of 434 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. The developer sold it on 16 September 2012 for AED 223,365, or AED 514 per sqft, 38% below the AED 830 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 15 July 2023, is AED 25,000 a year: a gross yield of 11.2% on the 2012 price, before the service charge of about AED 6,200 a year.

Sales and rents for 207 over time

Sales

Unit 207, each saleTypical studio in Ritz Residence

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

Rents

Unit 207, each contractTypical studio in Ritz Residence

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 207 sits

All 72 studios →

Studios in Ritz Residence · last 12 months749 /sqft Ritz Residence · all types794 /sqft

207 last sold in September 2012 at AED 514 per sqft, 38% below what studios in Ritz Residence were fetching at the time (AED 830). 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. 207's AED 25,000 is at the bottom of that range.

Recent studio sales	Size	Price (AED)	Per sqft
22 Apr 202522 April 2025	461 sqft	367,000	796
24 Dec 202424 December 2024	569 sqft	415,000	728
24 Dec 202424 December 2024	423 sqft	350,000	827
20 Dec 202420 December 2024	715 sqft	410,000	573

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


201	1-bed	791 sqft	AED 400KAED 400,000 · Oct 2024October 2024	52,000 /yr
202	Studio	434 sqft	AED 370KAED 370,000 · Dec 2011December 2011	25,000 /yr
203	Studio	442 sqft	AED 350KAED 350,000 · Apr 2024April 2024	40,000 /yr
204	Studio	442 sqft	AED 295KAED 295,000 · Jan 2024January 2024	30,000 /yr
205	Studio	442 sqft	AED 320KAED 320,000 · Nov 2023November 2023	25,000 /yr
206	Studio	434 sqft	AED 233KAED 233,365 · Oct 2012October 2012	40,000 /yr
208	Studio	479 sqft	AED 400KAED 400,000 · Dec 2012December 2012	35,000 /yr
209	1-bed	827 sqft	AED 360KAED 360,000 · Jun 2023June 2023	34,000 /yr
210		796 sqft	AED 630KAED 630,000 · Nov 2025November 2025	32,000 /yr
211	1-bed	796 sqft	AED 600KAED 600,000 · Nov 2012November 2012	32,000 /yr
212	1-bed	761 sqft	AED 375KAED 375,000 · Mar 2023March 2023	40,000 /yr
213	1-bed	820 sqft	AED 360KAED 360,000 · Jan 2023January 2023	30,000 /yr
214	1-bed	780 sqft	AED 627KAED 627,000 · Apr 2025April 2025	51,000 /yr
215	1-bed	907 sqft	AED 360KAED 360,000 · Jul 2023July 2023	39,600 /yr
216	1-bed	802 sqft	AED 370KAED 370,000 · Dec 2022December 2022	30,000 /yr
217	1-bed	793 sqft	AED 610KAED 610,000 · Apr 2014April 2014	40,500 /yr
218	1-bed	788 sqft	AED 500KAED 500,000 · Jan 2025January 2025	40,000 /yr
219	1-bed	883 sqft	AED 395KAED 395,000 · Oct 2021October 2021	33,000 /yr
220	Studio	417 sqft	AED 495KAED 495,000 · Sep 2014September 2014	27,830 /yr
221	Studio	433 sqft	AED 388KAED 388,000 · Feb 2012February 2012	27,562 /yr
222	Studio	433 sqft	AED 395KAED 395,000 · Dec 2011December 2011	27,951 /yr
223	Studio	433 sqft	AED 395KAED 395,000 · Dec 2011December 2011	32,000 /yr
224	Studio	411 sqft	AED 250KAED 250,000 · Jan 2018January 2018	30,800 /yr

1–7 of 23

207, Ritz Residence in numbers

Sold once: by Alwifaq Investment Properties on 16 September 2012 for AED 223,365, or AED 514 per sqft.
Rented since September 2017 on 4 Ejari contracts. The rent fell from AED 32,000 to AED 19,800 in 2020 and recovered to AED 25,000 by July 2023.
At AED 25,000 a year the gross yield on the 2012 price is 11.2%, 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 15 July 2023.

Questions about 207, Ritz Residence

What did unit 207 last sell for?

AED 223,365 on 16 September 2012, sold by the developer: AED 514 per sqft for 434 sqft. It is the only registered sale of the unit.

What is the rent for unit 207?

AED 25,000 a year on the contract signed on 15 July 2023. The previous contract, from November 2020, was AED 19,800; the unit has been rented since September 2017.

How big is unit 207?

434 sqft (40.3 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 207 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 207, Ritz Residence

Starts from the last sale price (AED 223K, 16 September 2012). Switch to today's estimate once you have unlocked it.

Price: AED 223,365
Deposit, UAE resident (20%): AED 44,673
Deposit, non-resident (40%): AED 89,346
Monthly over 25 years at 3.7%: AED 914

Plus AED 12,292 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →