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Studio · 433 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

321, Ritz Residence

Sold prices and rental history: sold twice, last in February 2024, and rented once, from September 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 321 · DLD and Ejari recordsUpdated 1 September 2025
Last soldAED 330K19 February 2024
Current rentAED 48K /yr1 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 321, Ritz Residence

What is 321 worth today?

Last sold for AED 330,000 in 2024

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1 Sep 2025RentedNew contract
AED 48,000/yr12 months · AED 111 per sqft
19 Feb 2024SoldReady
AED 330,000AED 762 per sqft
28 Sep 2011Sold by developerReady
AED 200,000AED 461 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
3rd of 7
Parking
B2-71
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 330K · February 2024
Building
Ritz Residence

About 321, Ritz Residence

321 is a studio of 433 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 19 February 2024 for AED 330,000, or AED 762 per sqft, 29% above the AED 589 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2025. The current contract, signed on 1 September 2025, is AED 48,000 a year: a gross yield of 14.5% on the 2024 price, before the service charge of about AED 6,200 a year.

Sales and rents for 321 over time

Sales
Unit 321, each saleTypical studio in Ritz Residence
200K300K400K2011201520192023Typical 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, September 2011: AED 200,000 (AED 461 per sqft)Sold, February 2024: AED 330,000 (AED 762 per sqft)

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

Rents
Unit 321, each contractTypical studio in Ritz Residence
20K40K2012201620202024Typical 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, September 2025: AED 48,000 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 321 sits

All 72 studios →

321 last sold in February 2024 at AED 762 per sqft, 29% above what studios in Ritz Residence were fetching at the time (AED 589). 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. 321's AED 48,000 is in the upper 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
304StudioAED 395K · Dec 2011
305StudioAED 395K · Feb 2012
306StudioAED 395K · Oct 2012
307StudioAED 388K · Aug 2012
1–7 of 23

321, Ritz Residence in numbers

  • Sold twice: first on 28 September 2011 for AED 200,000, last on 19 February 2024 for AED 330,000 (AED 762 per sqft).
  • Rented since September 2025 on one Ejari contract, at AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2024 price is 14.5%, 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 1 September 2025.

Questions about 321, Ritz Residence

What did unit 321 last sell for?

AED 330,000 on 19 February 2024: AED 762 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 200,000 in September 2011.

What is the rent for unit 321?

AED 48,000 a year on the contract signed on 1 September 2025.

How big is unit 321?

433 sqft (40.2 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 321 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.

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Mortgage on 321, Ritz Residence

Starts from the last sale price (AED 330K, 19 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 330,000
Deposit, UAE resident (20%)
AED 66,000
Deposit, non-resident (40%)
AED 132,000
Monthly over 25 years at 3.7%
AED 1,350

Plus AED 16,770 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →