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

222, Ritz Residence

Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 222 · DLD and Ejari recordsUpdated 10 March 2025
Last soldAED 395K19 December 2011
Current rentAED 28K /yr10 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 222, Ritz Residence

What is 222 worth today?

Last sold for AED 395,000 in 2011

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10 Mar 2025RentedRenewal
AED 27,951/yr12 months · AED 65 per sqft
10 Mar 2024RentedRenewal
AED 25,410/yr12 months · AED 59 per sqft
10 Mar 2023RentedNew contract
AED 23,100/yr12 months · AED 53 per sqft
10 Oct 2021RentedNew contract
AED 20,000/yr12 months · AED 46 per sqft
19 Dec 2011Sold by developerReady
AED 395,000AED 912 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 March 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
2nd of 7
Parking
B2-46
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 395K · December 2011
Building
Ritz Residence

About 222, Ritz Residence

222 is a studio of 433 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 19 December 2011 for AED 395,000, or AED 912 per sqft, 8% above the AED 841 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 10 March 2025, is AED 27,951 a year: a gross yield of 7.1% on the 2011 price, before the service charge of about AED 6,200 a year.

Sales and rents for 222 over time

Sales
Unit 222, 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 2011: AED 395,000 (AED 912 per sqft)

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

Rents
Unit 222, 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, October 2021: AED 20,000 a yearNew contract, March 2023: AED 23,100 a yearRenewal, March 2024: AED 25,410 a yearRenewal, March 2025: AED 27,951 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 222 sits

All 72 studios →

222 last sold in December 2011 at AED 912 per sqft, 8% above what studios in Ritz Residence were fetching at the time (AED 841). 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. 222's AED 27,951 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
204StudioAED 295K · Jan 2024
205StudioAED 320K · Nov 2023
206StudioAED 233K · Oct 2012
207StudioAED 223K · Sep 2012
1–7 of 23

222, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 19 December 2011 for AED 395,000, or AED 912 per sqft.
  • Rented since October 2021 on 4 Ejari contracts, from AED 20,000 to AED 27,951 a year.
  • At AED 27,951 a year the gross yield on the 2011 price is 7.1%, 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 10 March 2025.

Questions about 222, Ritz Residence

What did unit 222 last sell for?

AED 395,000 on 19 December 2011, sold by the developer: AED 912 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 222?

AED 27,951 a year on the contract renewed on 10 March 2025. The previous contract, from March 2024, was AED 25,410; the unit has been rented since October 2021.

How big is unit 222?

433 sqft (40.2 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 222 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 222, Ritz Residence

Starts from the last sale price (AED 395K, 19 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

Plus AED 19,500 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →