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1-bed · 761 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

312, Ritz Residence

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 5 November 2024
Last soldAED 440K5 November 2024
Current rentAED 32K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312, Ritz Residence

What is 312 worth today?

Last sold for AED 440,000 in 2024

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5 Nov 2024SoldReady
AED 440,000AED 578 per sqft
1 Jul 2024RentedNew contract
AED 32,000/yr12 months · AED 42 per sqft
1 Jul 2023RentedRenewal
AED 28,750/yr12 months · AED 38 per sqft
1 Jul 2022RentedRenewal
AED 25,000/yr12 months · AED 33 per sqft
1 Jul 2021RentedRenewal
AED 25,000/yr12 months · AED 33 per sqft
1 Jul 2020RentedNew contract
AED 25,000/yr12 months · AED 33 per sqft
2 Aug 2019RentedRenewal
AED 44,000/yr12 months · AED 58 per sqft
1 Aug 2018RentedNew contract
AED 46,874/yr12 months · AED 61 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 November 2024.

Key facts

Type
1-bed apartment
Size
761 sqft
Floor
3rd of 7
Parking
B2-62
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 10,900 /yr
Last sold
AED 440K · November 2024
Building
Ritz Residence

About 312, Ritz Residence

312 is a one-bedroom apartment of 761 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 5 November 2024 for AED 440,000, or AED 578 per sqft, 4% above the AED 557 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 1 July 2024, is AED 32,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 10,900 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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, July 2015: AED 600,000 (AED 788 per sqft)Sold, November 2024: AED 440,000 (AED 578 per sqft)

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

Rents
Unit 312, 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, August 2017: AED 52,000 a yearNew contract, August 2018: AED 46,874 a yearRenewal, August 2019: AED 44,000 a yearNew contract, July 2020: AED 25,000 a yearRenewal, July 2021: AED 25,000 a yearRenewal, July 2022: AED 25,000 a yearRenewal, July 2023: AED 28,750 a yearNew contract, July 2024: AED 32,000 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 312 sits

All 71 1-beds →

312 last sold in November 2024 at AED 578 per sqft, 4% above what one-beds in Ritz Residence were fetching at the time (AED 557). 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. 312's AED 32,000 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

312, Ritz Residence in numbers

  • Sold twice: first on 15 July 2015 for AED 600,000, last on 5 November 2024 for AED 440,000 (AED 578 per sqft).
  • Rented since August 2017 on 8 Ejari contracts. The rent fell from AED 52,000 to AED 25,000 in 2022 and recovered to AED 32,000 by July 2024.
  • At AED 32,000 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 10,900 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 5 November 2024.

Questions about 312, Ritz Residence

What did unit 312 last sell for?

AED 440,000 on 5 November 2024: AED 578 per sqft for 761 sqft. The unit has 2 registered sales; the first was AED 600,000 in July 2015.

What is the rent for unit 312?

AED 32,000 a year on the contract signed on 1 July 2024. The previous contract, from July 2023, was AED 28,750; the unit has been rented since August 2017.

How big is unit 312?

761 sqft (70.7 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 312 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 312, Ritz Residence

Starts from the last sale price (AED 440K, 5 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →