Home
Dubai prices
About
Research
Studio · 434 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

302, Ritz Residence

Sold prices and rental history: sold twice, last in December 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 9 June 2022
Last soldAED 270K26 December 2019
Current rentAED 23K /yr9 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Ritz Residence

What is 302 worth today?

Last sold for AED 270,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

9 Jun 2022RentedNew contract
AED 23,000/yr13 months · AED 53 per sqft
22 May 2020RentedNew contract
AED 24,000/yr12 months · AED 56 per sqft
11 Jan 2020RentedNew contract
AED 27,000/yr12 months · AED 63 per sqft
26 Dec 2019SoldReady
AED 270,000AED 622 per sqft
20 Aug 2017RentedRenewal
AED 36,000/yr12 months · AED 84 per sqft
21 Jul 2016RentedRenewal
AED 33,313/yr13 months · AED 77 per sqft
21 Jul 2015RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
5 Jul 2012Sold by developerReady
AED 380,000AED 875 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 June 2022.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
3rd of 7
Parking
B2-50
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 270K · December 2019
Building
Ritz Residence

About 302, Ritz Residence

302 is a studio of 434 sqft on the 3rd 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 December 2019 for AED 270,000, or AED 622 per sqft.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 9 June 2022, is AED 23,000 a year: a gross yield of 8.5% on the 2019 price, before the service charge of about AED 6,200 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, July 2012: AED 380,000 (AED 875 per sqft)Sold, December 2019: AED 270,000 (AED 622 per sqft)

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

Rents
Unit 302, 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, July 2015: AED 40,000 a yearRenewal, July 2016: AED 33,313 a yearRenewal, August 2017: AED 36,000 a yearNew contract, January 2020: AED 27,000 a yearNew contract, May 2020: AED 24,000 a yearNew contract, June 2022: AED 23,000 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 302 sits

All 72 studios →

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. 302's AED 23,000 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 3rd floor

All 150 units in Ritz Residence
Value
3011-bedAED 360K · Jul 2023
303StudioAED 395K · Dec 2011
304StudioAED 395K · Dec 2011
305StudioAED 395K · Feb 2012
306StudioAED 395K · Oct 2012
307StudioAED 388K · Aug 2012
308StudioAED 347K · Jan 2014
1–7 of 23

302, Ritz Residence in numbers

  • Sold twice: first on 5 July 2012 for AED 380,000, last on 26 December 2019 for AED 270,000 (AED 622 per sqft).
  • Rented since July 2015 on 6 Ejari contracts, from AED 40,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2019 price is 8.5%, 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 9 June 2022.

Questions about 302, Ritz Residence

What did unit 302 last sell for?

AED 270,000 on 26 December 2019: AED 622 per sqft for 434 sqft. The unit has 2 registered sales; the first was AED 380,000 in July 2012.

What is the rent for unit 302?

AED 23,000 a year on the contract signed on 9 June 2022. The previous contract, from May 2020, was AED 24,000; the unit has been rented since July 2015.

How big is unit 302?

434 sqft (40.3 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 302 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.

Selling 302? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 302, Ritz Residence

Starts from the last sale price (AED 270K, 26 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 270,000
Deposit, UAE resident (20%)
AED 54,000
Deposit, non-resident (40%)
AED 108,000
Monthly over 25 years at 3.7%
AED 1,105

Plus AED 14,250 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →