616, Ritz Residence
Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Ritz Residence
What is 616 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 6 March 2022.
Key facts
- Type
- Studio apartment
- Size
- 477 sqft
- Floor
- 6th of 7
- Parking
- B1-36
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 6,800 /yr
- Last sold
- AED 405K · October 2012
- Building
- Ritz Residence
About 616, Ritz Residence
616 is a studio of 477 sqft on the 6th 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 22 October 2012 for AED 405,000, or AED 849 per sqft, in line with the AED 849 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 6 March 2022, is AED 23,000 a year: a gross yield of 5.7% on the 2012 price, before the service charge of about AED 6,800 a year.
Sales and rents for 616 over time
616 has sold once; the dashed line is the studio median of each year in the building.
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 616 sits
All 72 studios →616 last sold in October 2012 at AED 849 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 849). 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. 616's AED 23,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Apr 202522 April 2025 | 461 sqft | 367,000 | 796 | ||
| 24 Dec 202424 December 2024 | 569 sqft | 415,000 | 728 | ||
| 24 Dec 202424 December 2024 | 423 sqft | 350,000 | 827 | ||
| 20 Dec 202420 December 2024 | 715 sqft | 410,000 | 573 |
Ritz Residence
Building150 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%
Other units on the 6th floor
All 150 units in Ritz Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | Studio | 359 sqft | AED 220KAED 220,000 · Jan 2021January 2021 | 60,000 /yr | |
| 602 | Studio | 446 sqft | AED 383KAED 383,000 · Mar 2014March 2014 | 26,000 /yr | |
| 603 | Studio | 440 sqft | AED 400KAED 400,000 · Dec 2012December 2012 | 35,000 /yr | |
| 604 | Studio | 447 sqft | AED 360KAED 360,200 · Jul 2015July 2015 | 23,500 /yr | |
| 605 | Studio | 445 sqft | AED 388KAED 388,000 · Feb 2012February 2012 | 22,000 /yr | |
| 606 | Studio | 423 sqft | AED 350KAED 350,000 · Dec 2024December 2024 | 30,000 /yr | |
| 607 | 1-bed | 794 sqft | AED 630KAED 630,000 · Sep 2012September 2012 | 29,911 /yr | |
| 608 | 1-bed | 793 sqft | AED 445KAED 445,000 · Aug 2024August 2024 | 54,000 /yr | |
| 609 | 1-bed | 795 sqft | AED 635KAED 635,000 · Dec 2012December 2012 | 40,000 /yr | |
| 610 | 1-bed | 795 sqft | AED 360KAED 360,000 · Jun 2022June 2022 | 32,308 /yr | |
| 611 | 1-bed | 740 sqft | AED 150KAED 150,000 · Feb 2021February 2021 | 52,000 /yr | |
| 612 | 746 sqft | AED 565KAED 565,000 · Nov 2025November 2025 | 38,500 /yr | ||
| 613 | 1-bed | 809 sqft | AED 311KAED 310,972 · Mar 2022March 2022 | 50,000 /yr | |
| 614 | 1-bed | 758 sqft | AED 665KAED 665,000 · Nov 2012November 2012 | 40,950 /yr | |
| 615 | 1-bed | 753 sqft | AED 360KAED 360,000 · Jul 2023July 2023 | 60,000 /yr | |
| 617 | 495 sqft | AED 410KAED 410,000 · Nov 2025November 2025 | 33,600 /yr | ||
| 618 | Studio | 543 sqft | AED 245KAED 245,000 · Sep 2022September 2022 | 20,000 /yr |
616, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 22 October 2012 for AED 405,000, or AED 849 per sqft.
- Rented since May 2013 on 8 Ejari contracts. The rent fell from AED 27,000 to AED 20,000 in 2021 and recovered to AED 23,000 by March 2022.
- At AED 23,000 a year the gross yield on the 2012 price is 5.7%, before a service charge of about AED 6,800 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 6 March 2022.
Questions about 616, Ritz Residence
What did unit 616 last sell for?
AED 405,000 on 22 October 2012, sold by the developer: AED 849 per sqft for 477 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 23,000 a year on the contract signed on 6 March 2022. The previous contract, from January 2021, was AED 20,000; the unit has been rented since May 2013.
How big is unit 616?
477 sqft (44.3 sqm): a studio on the 6th floor of a 7-storey tower completed in 2009.
What is unit 616 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 616, Ritz Residence
Starts from the last sale price (AED 405K, 22 October 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 405,000
- Deposit, UAE resident (20%)
- AED 81,000
- Deposit, non-resident (40%)
- AED 162,000
- Monthly over 25 years at 3.7%
- AED 1,657
Plus AED 19,920 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →