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1-bed · 820 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

313, Ritz Residence

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

Unit 313 · DLD and Ejari recordsUpdated 10 December 2024
Last soldAED 445K6 December 2024
Current rentAED 45K /yr10 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 313, Ritz Residence

What is 313 worth today?

Last sold for AED 445,000 in 2024

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10 Dec 2024RentedNew contract
AED 45,000/yr12 months · AED 55 per sqft
6 Dec 2024SoldReady
AED 445,000AED 542 per sqft
1 May 2024RentedRenewal
AED 30,000/yr12 months · AED 37 per sqft
15 Mar 2017RentedNew contract
AED 54,853/yr12 months · AED 67 per sqft
1 Nov 2015RentedNew contract
AED 55,000/yr12 months · AED 67 per sqft
15 Jul 2015Sold by developerReady
AED 640,000AED 780 per sqft
11 May 2012RentedNew contract
AED 32,000/yr12 months · AED 39 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 December 2024.

Key facts

Type
1-bed apartment
Size
820 sqft
Floor
3rd of 7
Parking
B2-63
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,700 /yr
Last sold
AED 445K · December 2024
Building
Ritz Residence

About 313, Ritz Residence

313 is a one-bedroom apartment of 820 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 6 December 2024 for AED 445,000, or AED 542 per sqft, 3% below the AED 561 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 10 December 2024, is AED 45,000 a year: a gross yield of 10.1% on the 2024 price, before the service charge of about AED 11,700 a year.

Sales and rents for 313 over time

Sales
Unit 313, 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 640,000 (AED 780 per sqft)Sold, December 2024: AED 445,000 (AED 542 per sqft)

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

Rents
Unit 313, 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, May 2012: AED 32,000 a yearNew contract, November 2015: AED 55,000 a yearNew contract, March 2017: AED 54,853 a yearRenewal, May 2024: AED 30,000 a yearNew contract, December 2024: AED 45,000 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 313 sits

All 71 1-beds →

313 last sold in December 2024 at AED 542 per sqft, 3% below what one-beds in Ritz Residence were fetching at the time (AED 561). 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. 313's AED 45,000 is in the lower half 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

313, Ritz Residence in numbers

  • Sold twice: first on 15 July 2015 for AED 640,000, last on 6 December 2024 for AED 445,000 (AED 542 per sqft).
  • Rented since May 2012 on 5 Ejari contracts, from AED 32,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 10.1%, before a service charge of about AED 11,700 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 10 December 2024.

Questions about 313, Ritz Residence

What did unit 313 last sell for?

AED 445,000 on 6 December 2024: AED 542 per sqft for 820 sqft. The unit has 2 registered sales; the first was AED 640,000 in July 2015.

What is the rent for unit 313?

AED 45,000 a year on the contract signed on 10 December 2024. The previous contract, from May 2024, was AED 30,000; the unit has been rented since May 2012.

How big is unit 313?

820 sqft (76.2 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 313 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 313, Ritz Residence

Starts from the last sale price (AED 445K, 6 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 445,000
Deposit, UAE resident (20%)
AED 89,000
Deposit, non-resident (40%)
AED 178,000
Monthly over 25 years at 3.7%
AED 1,821

Plus AED 21,600 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →