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Studio · 434 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

402, Ritz Residence

Sold prices and rental history: sold twice, last in October 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 30 April 2024
Last soldAED 230K14 October 2022
Current rentAED 29K /yr30 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Ritz Residence

What is 402 worth today?

Last sold for AED 230,000 in 2022

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30 Apr 2024RentedNew contract
AED 29,000/yr12 months · AED 67 per sqft
1 May 2023RentedNew contract
AED 25,000/yr12 months · AED 58 per sqft
14 Oct 2022SoldReady
AED 230,000AED 530 per sqft
29 Feb 2020RentedNew contract
AED 25,000/yr12 months · AED 58 per sqft
4 Nov 2018RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft
1 Jul 2015Sold by developerReady
AED 423,185AED 975 per sqft
31 Jul 2014RentedNew contract
AED 26,400/yr12 months · AED 61 per sqft
31 Jul 2013RentedNew contract
AED 22,938/yr12 months · AED 53 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 April 2024.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
4th of 7
Parking
B2-76
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 230K · October 2022
Building
Ritz Residence

About 402, Ritz Residence

402 is a studio of 434 sqft on the 4th 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 14 October 2022 for AED 230,000, or AED 530 per sqft, in line with the AED 518 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 30 April 2024, is AED 29,000 a year: a gross yield of 12.6% on the 2022 price, before the service charge of about AED 6,200 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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, July 2015: AED 423,185 (AED 975 per sqft)Sold, October 2022: AED 230,000 (AED 530 per sqft)

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

Rents
Unit 402, 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, July 2013: AED 22,938 a yearNew contract, July 2014: AED 26,400 a yearNew contract, November 2018: AED 30,000 a yearNew contract, February 2020: AED 25,000 a yearNew contract, May 2023: AED 25,000 a yearNew contract, April 2024: AED 29,000 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 402 sits

All 72 studios →

402 last sold in October 2022 at AED 530 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 518). 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. 402's AED 29,000 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 4th floor

All 150 units in Ritz Residence
Value
4011-bedAED 360K · Aug 2023
403StudioAED 210K · Aug 2014
404StudioAED 329K · Apr 2024
405AED 425K · Sep 2025
406StudioAED 370K · Oct 2012
407StudioAED 365K · Aug 2016
408StudioAED 366K · Sep 2012
1–7 of 23

402, Ritz Residence in numbers

  • Sold twice: first on 1 July 2015 for AED 423,185, last on 14 October 2022 for AED 230,000 (AED 530 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, from AED 22,938 to AED 29,000 a year.
  • At AED 29,000 a year the gross yield on the 2022 price is 12.6%, 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 30 April 2024.

Questions about 402, Ritz Residence

What did unit 402 last sell for?

AED 230,000 on 14 October 2022: AED 530 per sqft for 434 sqft. The unit has 2 registered sales; the first was AED 423,185 in July 2015.

What is the rent for unit 402?

AED 29,000 a year on the contract signed on 30 April 2024. The previous contract, from May 2023, was AED 25,000; the unit has been rented since July 2013.

How big is unit 402?

434 sqft (40.3 sqm): a studio on the 4th floor of a 7-storey tower completed in 2009.

What is unit 402 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 402, Ritz Residence

Starts from the last sale price (AED 230K, 14 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 230,000
Deposit, UAE resident (20%)
AED 46,000
Deposit, non-resident (40%)
AED 92,000
Monthly over 25 years at 3.7%
AED 941

Plus AED 12,570 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →