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1-bed · 820 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

413, Ritz Residence

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 413 · DLD and Ejari recordsUpdated 9 November 2024
Last soldAED 410K14 June 2023
Current rentAED 40K /yr9 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 413, Ritz Residence

What is 413 worth today?

Last sold for AED 410,000 in 2023

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9 Nov 2024RentedNew contract
AED 40,000/yr12 months · AED 49 per sqft
10 Nov 2023RentedNew contract
AED 36,000/yr12 months · AED 44 per sqft
14 Jun 2023SoldReady
AED 410,000AED 500 per sqft
2 Oct 2022RentedRenewal
AED 32,000/yr13 months · AED 39 per sqft
2 Sep 2021RentedNew contract
AED 30,000/yr13 months · AED 37 per sqft
20 Sep 2018RentedNew contract
AED 43,000/yr12 months · AED 52 per sqft
1 May 2014Sold by developerReady
AED 625,000AED 762 per sqft
4 Oct 2012RentedNew contract
AED 32,000/yr12 months · AED 39 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 November 2024.

Key facts

Type
1-bed apartment
Size
820 sqft
Floor
4th of 7
Parking
B2-87
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,700 /yr
Last sold
AED 410K · June 2023
Building
Ritz Residence

About 413, Ritz Residence

413 is a one-bedroom apartment of 820 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 June 2023 for AED 410,000, or AED 500 per sqft, 8% above the AED 465 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 9 November 2024, is AED 40,000 a year: a gross yield of 9.8% on the 2023 price, before the service charge of about AED 11,700 a year.

Sales and rents for 413 over time

Sales
Unit 413, 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, May 2014: AED 625,000 (AED 762 per sqft)Sold, June 2023: AED 410,000 (AED 500 per sqft)

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

Rents
Unit 413, 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, October 2012: AED 32,000 a yearNew contract, September 2018: AED 43,000 a yearNew contract, September 2021: AED 30,000 a yearRenewal, October 2022: AED 32,000 a yearNew contract, November 2023: AED 36,000 a yearNew contract, November 2024: AED 40,000 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 413 sits

All 71 1-beds →

413 last sold in June 2023 at AED 500 per sqft, 8% above what one-beds in Ritz Residence were fetching at the time (AED 465). 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. 413's AED 40,000 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 4th floor

All 150 units in Ritz Residence
Value
4011-bedAED 360K · Aug 2023
402StudioAED 230K · Oct 2022
403StudioAED 210K · Aug 2014
404StudioAED 329K · Apr 2024
405AED 425K · Sep 2025
406StudioAED 370K · Oct 2012
407StudioAED 365K · Aug 2016
1–7 of 23

413, Ritz Residence in numbers

  • Sold twice: first on 1 May 2014 for AED 625,000, last on 14 June 2023 for AED 410,000 (AED 500 per sqft).
  • Rented since October 2012 on 6 Ejari contracts, from AED 32,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 9.8%, 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 9 November 2024.

Questions about 413, Ritz Residence

What did unit 413 last sell for?

AED 410,000 on 14 June 2023: AED 500 per sqft for 820 sqft. The unit has 2 registered sales; the first was AED 625,000 in May 2014.

What is the rent for unit 413?

AED 40,000 a year on the contract signed on 9 November 2024. The previous contract, from November 2023, was AED 36,000; the unit has been rented since October 2012.

How big is unit 413?

820 sqft (76.2 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 413 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 413, Ritz Residence

Starts from the last sale price (AED 410K, 14 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

Plus AED 20,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →