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1-bed · 788 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

218, Ritz Residence

Sold prices and rental history: sold twice, last in January 2025, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 29 January 2025
Last soldAED 500K29 January 2025
Current rentAED 40K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 218, Ritz Residence

What is 218 worth today?

Last sold for AED 500,000 in 2025

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29 Jan 2025SoldReady
AED 500,000AED 634 per sqft
1 Oct 2024RentedRenewal
AED 40,000/yr12 months · AED 51 per sqft
1 Oct 2023RentedRenewal
AED 33,000/yr12 months · AED 42 per sqft
1 Sep 2021RentedNew contract
AED 30,000/yr13 months · AED 38 per sqft
1 May 2020RentedNew contract
AED 37,000/yr12 months · AED 47 per sqft
1 May 2018RentedNew contract
AED 55,000/yr12 months · AED 70 per sqft
1 May 2017RentedNew contract
AED 55,000/yr12 months · AED 70 per sqft
19 Nov 2012Sold by developerReady
AED 642,000AED 814 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 January 2025.

Key facts

Type
1-bed apartment
Size
788 sqft
Floor
2nd of 7
Parking
B2-42
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,300 /yr
Last sold
AED 500K · January 2025
Building
Ritz Residence

About 218, Ritz Residence

218 is a one-bedroom apartment of 788 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 29 January 2025 for AED 500,000, or AED 634 per sqft, 11% above the AED 569 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 40,000 a year: a gross yield of 8.0% on the 2025 price, before the service charge of about AED 11,300 a year.

Sales and rents for 218 over time

Sales
Unit 218, 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, November 2012: AED 642,000 (AED 814 per sqft)Sold, January 2025: AED 500,000 (AED 634 per sqft)

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

Rents
Unit 218, each contractTypical one-bed in Ritz Residence
40K2012201620202024Typical 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, May 2017: AED 55,000 a yearNew contract, May 2018: AED 55,000 a yearNew contract, May 2020: AED 37,000 a yearNew contract, September 2021: AED 30,000 a yearRenewal, October 2023: AED 33,000 a yearRenewal, October 2024: AED 40,000 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 218 sits

All 71 1-beds →

218 last sold in January 2025 at AED 634 per sqft, 11% above what one-beds in Ritz Residence were fetching at the time (AED 569). 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. 218's AED 40,000 is in the lower half 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 2nd floor

All 150 units in Ritz Residence
Value
2011-bedAED 400K · Oct 2024
202StudioAED 370K · Dec 2011
203StudioAED 350K · Apr 2024
204StudioAED 295K · Jan 2024
205StudioAED 320K · Nov 2023
206StudioAED 233K · Oct 2012
207StudioAED 223K · Sep 2012
1–7 of 23

218, Ritz Residence in numbers

  • Sold twice: first on 19 November 2012 for AED 642,000, last on 29 January 2025 for AED 500,000 (AED 634 per sqft).
  • Rented since May 2017 on 6 Ejari contracts. The rent fell from AED 55,000 to AED 30,000 in 2021 and recovered to AED 40,000 by October 2024.
  • At AED 40,000 a year the gross yield on the 2025 price is 8.0%, before a service charge of about AED 11,300 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 29 January 2025.

Questions about 218, Ritz Residence

What did unit 218 last sell for?

AED 500,000 on 29 January 2025: AED 634 per sqft for 788 sqft. The unit has 2 registered sales; the first was AED 642,000 in November 2012.

What is the rent for unit 218?

AED 40,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 33,000; the unit has been rented since May 2017.

How big is unit 218?

788 sqft (73.2 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 218 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 218, Ritz Residence

Starts from the last sale price (AED 500K, 29 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →