618, Ritz Residence
Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 618, Ritz Residence
What is 618 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 7 September 2022.
Key facts
- Type
- Studio apartment
- Size
- 543 sqft
- Floor
- 6th of 7
- Parking
- B1-38
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 7,800 /yr
- Last sold
- AED 245K · September 2022
- Building
- Ritz Residence
About 618, Ritz Residence
618 is a studio of 543 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. It last sold on 7 September 2022 for AED 245,000, or AED 450 per sqft, 5% below the AED 474 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 January 2022, is AED 20,000 a year: a gross yield of 8.2% on the 2022 price, before the service charge of about AED 7,800 a year.
Sales and rents for 618 over time
618 has sold twice; 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 618 sits
All 72 studios →618 last sold in September 2022 at AED 450 per sqft, 5% below what studios in Ritz Residence were fetching at the time (AED 474). 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. 618's AED 20,000 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 | |
| 616 | Studio | 477 sqft | AED 405KAED 405,000 · Oct 2012October 2012 | 23,000 /yr | |
| 617 | 495 sqft | AED 410KAED 410,000 · Nov 2025November 2025 | 33,600 /yr |
618, Ritz Residence in numbers
- Sold twice: first on 1 October 2012 for AED 440,000, last on 7 September 2022 for AED 245,000 (AED 450 per sqft).
- Rented since November 2016 on 6 Ejari contracts, from AED 37,000 to AED 20,000 a year.
- At AED 20,000 a year the gross yield on the 2022 price is 8.2%, before a service charge of about AED 7,800 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 7 September 2022.
Questions about 618, Ritz Residence
What did unit 618 last sell for?
AED 245,000 on 7 September 2022: AED 450 per sqft for 543 sqft. The unit has 2 registered sales; the first was AED 440,000 in October 2012.
What is the rent for unit 618?
AED 20,000 a year on the contract renewed on 1 January 2022. The previous contract, from January 2021, was AED 20,000; the unit has been rented since November 2016.
How big is unit 618?
543 sqft (50.4 sqm): a studio on the 6th floor of a 7-storey tower completed in 2009.
What is unit 618 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 618, Ritz Residence
Starts from the last sale price (AED 245K, 7 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 245,000
- Deposit, UAE resident (20%)
- AED 49,000
- Deposit, non-resident (40%)
- AED 98,000
- Monthly over 25 years at 3.7%
- AED 1,002
Plus AED 13,200 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →