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Studio · 446 sqftRitz Residence, International City Phase 2 & 3 · 7th floor · completed 2009

702, Ritz Residence

Sold prices and rental history: sold once, by the developer in January 2014, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 15 September 2025
Last soldAED 300K2 January 2014
Current rentAED 28K /yr15 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Ritz Residence

What is 702 worth today?

Last sold for AED 300,000 in 2014

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15 Sep 2025RentedRenewal
AED 27,830/yr12 months · AED 62 per sqft
15 Sep 2024RentedRenewal
AED 27,830/yr12 months · AED 62 per sqft
2 Jan 2014Sold by developerReady
AED 300,000AED 672 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2025.

Key facts

Type
Studio apartment
Size
446 sqft
Floor
7th of 7
Parking
B1-40
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,400 /yr
Last sold
AED 300K · January 2014
Building
Ritz Residence

About 702, Ritz Residence

702 is a studio of 446 sqft on the 7th 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 2 January 2014 for AED 300,000, or AED 672 per sqft, 8% below the AED 732 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 15 September 2025, is AED 27,830 a year: a gross yield of 9.3% on the 2014 price, before the service charge of about AED 6,400 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical studio in Ritz Residence
300K400K2011201520192023Typical sale price by year: 2011 AED 380,000; 2012 AED 380,000; 2013 AED 320,000; 2014 AED 347,440; 2015 AED 420,000; 2016 AED 370,000; 2017 AED 372,500; 2018 AED 330,000; 2022 AED 245,000; 2023 AED 275,000; 2024 AED 352,500Sold by developer, January 2014: AED 300,000 (AED 672 per sqft)

702 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 702, each contractTypical studio in Ritz Residence
20K30K40K2012201620202024Typical rent by year: 2012 AED 20,500; 2013 AED 26,000; 2014 AED 33,500; 2015 AED 38,000; 2016 AED 39,783; 2017 AED 36,000; 2018 AED 30,000; 2019 AED 26,000; 2020 AED 23,000; 2021 AED 20,000; 2022 AED 22,000; 2023 AED 25,000; 2024 AED 30,000; 2025 AED 33,500; 2026 AED 39,000Renewal, September 2024: AED 27,830 a yearRenewal, September 2025: AED 27,830 a year

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 702 sits

All 72 studios →

702 last sold in January 2014 at AED 672 per sqft, 8% below what studios in Ritz Residence were fetching at the time (AED 732). 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. 702's AED 27,830 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Apr 2025367,000
24 Dec 2024415,000
24 Dec 2024350,000
20 Dec 2024410,000
1 studio 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 7th floor

All 150 units in Ritz Residence
Value
701StudioAED 218K · Dec 2012
703StudioAED 388K · Feb 2012
704StudioAED 375K · Jan 2017
705StudioAED 370K · Aug 2024
706StudioAED 365K · Oct 2012
7071-bedAED 645K · Jul 2012
7081-bedAED 370K · Apr 2023
1–7 of 17

702, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 2 January 2014 for AED 300,000, or AED 672 per sqft.
  • Rented since September 2024 on 2 Ejari contracts, at AED 27,830 a year.
  • At AED 27,830 a year the gross yield on the 2014 price is 9.3%, before a service charge of about AED 6,400 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 15 September 2025.

Questions about 702, Ritz Residence

What did unit 702 last sell for?

AED 300,000 on 2 January 2014, sold by the developer: AED 672 per sqft for 446 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 27,830 a year on the contract renewed on 15 September 2025. The previous contract, from September 2024, was AED 27,830.

How big is unit 702?

446 sqft (41.4 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.

What is unit 702 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 702, Ritz Residence

Starts from the last sale price (AED 300K, 2 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

Plus AED 15,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →