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1-bed · 889 sqftRitz Residence, International City Phase 2 & 3 · 5th floor · completed 2009

514, Ritz Residence

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 18 November 2022
Last soldAED 375K18 November 2022
Current rentAED 35K /yr1 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 514, Ritz Residence

What is 514 worth today?

Last sold for AED 375,000 in 2022

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18 Nov 2022Sold by developerReady
AED 375,000AED 421 per sqft
1 May 2020RentedRenewal
AED 35,000/yr12 months · AED 39 per sqft
5 Nov 2017RentedNew contract
AED 46,870/yr12 months · AED 53 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 November 2022.

Key facts

Type
1-bed apartment
Size
889 sqft
Floor
5th of 7
Parking
B1-16
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 12,700 /yr
Last sold
AED 375K · November 2022
Building
Ritz Residence

About 514, Ritz Residence

514 is a one-bedroom apartment of 889 sqft on the 5th floor of Ritz Residence, a 7-storey tower in International City Phase 2 & 3 completed in 2009 by Alwifaq Investment Properties. The developer sold it on 18 November 2022 for AED 375,000, or AED 421 per sqft, in line with the AED 421 one-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 1 May 2020, is AED 35,000 a year: a gross yield of 9.3% on the 2022 price, before the service charge of about AED 12,700 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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, November 2022: AED 375,000 (AED 421 per sqft)

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

Rents
Unit 514, 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, November 2017: AED 46,870 a yearRenewal, May 2020: AED 35,000 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 514 sits

All 71 1-beds →

514 last sold in November 2022 at AED 421 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 421). 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. 514's AED 35,000 is at the bottom 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 5th floor

All 150 units in Ritz Residence
Value
501StudioAED 367K · Apr 2025
502StudioAED 437K · Jun 2023
503StudioAED 275K · Jun 2023
504StudioAED 415K · Dec 2024
505StudioAED 410K · May 2017
506StudioAED 410K · Dec 2024
5071-bedAED 380K · Feb 2023
1–7 of 17

514, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 18 November 2022 for AED 375,000, or AED 421 per sqft.
  • Rented since November 2017 on 2 Ejari contracts, from AED 46,870 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2022 price is 9.3%, before a service charge of about AED 12,700 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 18 November 2022.

Questions about 514, Ritz Residence

What did unit 514 last sell for?

AED 375,000 on 18 November 2022, sold by the developer: AED 421 per sqft for 889 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 35,000 a year on the contract renewed on 1 May 2020. The previous contract, from November 2017, was AED 46,870.

How big is unit 514?

889 sqft (82.6 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 514 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 514, Ritz Residence

Starts from the last sale price (AED 375K, 18 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

Plus AED 18,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →