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1-bed · 796 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

311, Ritz Residence

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 16 October 2024
Last soldAED 700K16 October 2024
Current rentAED 35K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Ritz Residence

What is 311 worth today?

Last sold for AED 700,000 in 2024

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16 Oct 2024SoldReady
AED 700,000AED 879 per sqft
1 Sep 2024RentedRenewal
AED 35,000/yr12 months · AED 44 per sqft
1 Sep 2023RentedRenewal
AED 33,000/yr12 months · AED 41 per sqft
1 Sep 2022RentedRenewal
AED 32,000/yr12 months · AED 40 per sqft
31 Aug 2020RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft
13 Jul 2020RentedNew contract
AED 40,000/yr12 months · AED 50 per sqft
3 Feb 2019RentedRenewal
AED 47,000/yr12 months · AED 59 per sqft
3 Feb 2017RentedNew contract
AED 50,000/yr12 months · AED 63 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 October 2024.

Key facts

Type
1-bed apartment
Size
796 sqft
Floor
3rd of 7
Parking
B2-61
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,400 /yr
Last sold
AED 700K · October 2024
Building
Ritz Residence

About 311, Ritz Residence

311 is a one-bedroom apartment of 796 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 16 October 2024 for AED 700,000, or AED 879 per sqft, 68% above the AED 523 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 35,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 11,400 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, September 2012: AED 660,000 (AED 828 per sqft)Sold, October 2024: AED 700,000 (AED 879 per sqft)

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

Rents
Unit 311, each contractTypical one-bed in Ritz Residence
30K40K50K2012201620202024Typical 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, June 2012: AED 32,000 a yearNew contract, June 2014: AED 38,500 a yearNew contract, June 2015: AED 40,000 a yearRenewal, June 2016: AED 45,000 a yearNew contract, February 2017: AED 50,000 a yearRenewal, February 2019: AED 47,000 a yearNew contract, July 2020: AED 40,000 a yearNew contract, August 2020: AED 32,000 a yearRenewal, September 2022: AED 32,000 a yearRenewal, September 2023: AED 33,000 a yearRenewal, September 2024: AED 35,000 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 311 sits

All 71 1-beds →

311 last sold in October 2024 at AED 879 per sqft, 68% above what one-beds in Ritz Residence were fetching at the time (AED 523). 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. 311's AED 35,000 is at the bottom 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 3rd floor

All 150 units in Ritz Residence
Value
3011-bedAED 360K · Jul 2023
302StudioAED 270K · Dec 2019
303StudioAED 395K · Dec 2011
304StudioAED 395K · Dec 2011
305StudioAED 395K · Feb 2012
306StudioAED 395K · Oct 2012
307StudioAED 388K · Aug 2012
1–7 of 23

311, Ritz Residence in numbers

  • Sold twice: first on 16 September 2012 for AED 660,000, last on 16 October 2024 for AED 700,000 (AED 879 per sqft).
  • Rented since June 2012 on 11 Ejari contracts, from AED 32,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 11,400 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 16 October 2024.

Questions about 311, Ritz Residence

What did unit 311 last sell for?

AED 700,000 on 16 October 2024: AED 879 per sqft for 796 sqft. The unit has 2 registered sales; the first was AED 660,000 in September 2012.

What is the rent for unit 311?

AED 35,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 33,000; the unit has been rented since June 2012.

How big is unit 311?

796 sqft (74.0 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 311 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 311, Ritz Residence

Starts from the last sale price (AED 700K, 16 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

Plus AED 34,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →