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1-bed · 907 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

415, Ritz Residence

Sold prices and rental history: sold 3 times, last in December 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 415 · DLD and Ejari recordsUpdated 24 December 2024
Last soldAED 535K24 December 2024
Current rentAED 41K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 415, Ritz Residence

What is 415 worth today?

Last sold for AED 535,000 in 2024

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24 Dec 2024SoldReady
AED 535,000AED 589 per sqft
1 Oct 2023RentedNew contract
AED 41,000/yr12 months · AED 45 per sqft
11 Sep 2023SoldReady
AED 465,000AED 512 per sqft
15 Jul 2022RentedNew contract
AED 32,000/yr12 months · AED 35 per sqft
1 May 2021RentedRenewal
AED 30,000/yr13 months · AED 33 per sqft
1 Apr 2020RentedNew contract
AED 33,000/yr13 months · AED 36 per sqft
1 Nov 2018RentedNew contract
AED 42,000/yr12 months · AED 46 per sqft
2 Nov 2017RentedRenewal
AED 50,000/yr12 months · AED 55 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 December 2024.

Key facts

Type
1-bed apartment
Size
907 sqft
Floor
4th of 7
Parking
B2-89
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 13,000 /yr
Last sold
AED 535K · December 2024
Building
Ritz Residence

About 415, Ritz Residence

415 is a one-bedroom apartment of 907 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 24 December 2024 for AED 535,000, or AED 589 per sqft, 5% above the AED 561 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 1 October 2023, is AED 41,000 a year: a gross yield of 7.7% on the 2024 price, before the service charge of about AED 13,000 a year.

Sales and rents for 415 over time

Sales
Unit 415, 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 640,000 (AED 705 per sqft)Sold, September 2023: AED 465,000 (AED 512 per sqft)Sold, December 2024: AED 535,000 (AED 589 per sqft)

415 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 415, 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 2013: AED 35,000 a yearNew contract, November 2015: AED 55,000 a yearRenewal, November 2017: AED 50,000 a yearNew contract, November 2018: AED 42,000 a yearNew contract, April 2020: AED 33,000 a yearRenewal, May 2021: AED 30,000 a yearNew contract, July 2022: AED 32,000 a yearNew contract, October 2023: AED 41,000 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 415 sits

All 71 1-beds →

415 last sold in December 2024 at AED 589 per sqft, 5% above 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. 415's AED 41,000 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

415, Ritz Residence in numbers

  • Sold 3 times: first on 1 May 2014 for AED 640,000, last on 24 December 2024 for AED 535,000 (AED 589 per sqft).
  • Rented since May 2013 on 8 Ejari contracts. The rent fell from AED 35,000 to AED 30,000 in 2021 and recovered to AED 41,000 by October 2023.
  • At AED 41,000 a year the gross yield on the 2024 price is 7.7%, before a service charge of about AED 13,000 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 24 December 2024.

Questions about 415, Ritz Residence

What did unit 415 last sell for?

AED 535,000 on 24 December 2024: AED 589 per sqft for 907 sqft. The unit has 3 registered sales; the first was AED 640,000 in May 2014.

What is the rent for unit 415?

AED 41,000 a year on the contract signed on 1 October 2023. The previous contract, from July 2022, was AED 32,000; the unit has been rented since May 2013.

How big is unit 415?

907 sqft (84.3 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 415 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 415, Ritz Residence

Starts from the last sale price (AED 535K, 24 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 535,000
Deposit, UAE resident (20%)
AED 107,000
Deposit, non-resident (40%)
AED 214,000
Monthly over 25 years at 3.7%
AED 2,189

Plus AED 27,480 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →