Home
Dubai prices
About
Research
Studio · 442 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

304, Ritz Residence

Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 7 October 2023
Last soldAED 395K20 December 2011
Current rentAED 30K /yr7 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Ritz Residence

What is 304 worth today?

Last sold for AED 395,000 in 2011

Unlock today's estimate, updated daily, with

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

7 Oct 2023RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
25 Dec 2022RentedNew contract
AED 25,000/yr12 months · AED 57 per sqft
5 Nov 2021RentedNew contract
AED 21,000/yr13 months · AED 48 per sqft
1 Feb 2021RentedNew contract
AED 21,000/yr12 months · AED 48 per sqft
24 Dec 2019RentedRenewal
AED 25,000/yr12 months · AED 57 per sqft
24 Dec 2017RentedNew contract
AED 33,000/yr12 months · AED 75 per sqft
1 Dec 2013RentedNew contract
AED 29,000/yr12 months · AED 66 per sqft
20 Dec 2011Sold by developerReady
AED 395,000AED 894 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 October 2023.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
3rd of 7
Parking
B2-52
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,300 /yr
Last sold
AED 395K · December 2011
Building
Ritz Residence

About 304, Ritz Residence

304 is a studio of 442 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. The developer sold it on 20 December 2011 for AED 395,000, or AED 894 per sqft, in line with the AED 894 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 7 October 2023, is AED 30,000 a year: a gross yield of 7.6% on the 2011 price, before the service charge of about AED 6,300 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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 894 per sqft)

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

Rents
Unit 304, 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, December 2013: AED 29,000 a yearNew contract, December 2017: AED 33,000 a yearRenewal, December 2019: AED 25,000 a yearNew contract, February 2021: AED 21,000 a yearNew contract, November 2021: AED 21,000 a yearNew contract, December 2022: AED 25,000 a yearNew contract, October 2023: 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 304 sits

All 72 studios →

304 last sold in December 2011 at AED 894 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 894). 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. 304'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 3rd floor

All 150 units in Ritz Residence
Value
3011-bedAED 360K · Jul 2023
302StudioAED 270K · Dec 2019
303StudioAED 395K · Dec 2011
305StudioAED 395K · Feb 2012
306StudioAED 395K · Oct 2012
307StudioAED 388K · Aug 2012
308StudioAED 347K · Jan 2014
1–7 of 23

304, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 20 December 2011 for AED 395,000, or AED 894 per sqft.
  • Rented since December 2013 on 7 Ejari contracts. The rent fell from AED 29,000 to AED 21,000 in 2021 and recovered to AED 30,000 by October 2023.
  • At AED 30,000 a year the gross yield on the 2011 price is 7.6%, 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 7 October 2023.

Questions about 304, Ritz Residence

What did unit 304 last sell for?

AED 395,000 on 20 December 2011, sold by the developer: AED 894 per sqft for 442 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 30,000 a year on the contract signed on 7 October 2023. The previous contract, from December 2022, was AED 25,000; the unit has been rented since December 2013.

How big is unit 304?

442 sqft (41.1 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 304 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 304? 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 304, Ritz Residence

Starts from the last sale price (AED 395K, 20 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 →