707, Ritz Residence
Sold prices and rental history: sold once, by the developer in July 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 707, Ritz Residence
What is 707 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 794 sqft
- Floor
- 7th of 7
- Parking
- B1-45
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 11,400 /yr
- Last sold
- AED 645K · July 2012
- Building
- Ritz Residence
About 707, Ritz Residence
707 is a one-bedroom apartment of 794 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 5 July 2012 for AED 645,000, or AED 811 per sqft, in line with the AED 804 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 August 2023, is AED 40,000 a year: a gross yield of 6.2% on the 2012 price, before the service charge of about AED 11,400 a year.
Sales and rents for 707 over time
707 has sold once; the dashed line is the one-bed median of each year in the building.
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 707 sits
All 71 1-beds →707 last sold in July 2012 at AED 811 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 804). 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. 707's AED 40,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jan 20268 January 2026 | 793 sqft | 665,000 | 838 | ||
| 19 Jun 202519 June 2025 | 793 sqft | 450,000 | 567 | ||
| 28 May 202528 May 2025 | 780 sqft | 615,000 | 788 | ||
| 3 Apr 20253 April 2025 | 780 sqft | 627,000 | 804 |
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 7th floor
All 150 units in Ritz Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | Studio | 359 sqft | AED 218KAED 218,000 · Dec 2012December 2012 | 36,000 /yr | |
| 702 | Studio | 446 sqft | AED 300KAED 300,000 · Jan 2014January 2014 | 27,830 /yr | |
| 703 | Studio | 440 sqft | AED 388KAED 388,000 · Feb 2012February 2012 | 28,350 /yr | |
| 704 | Studio | 447 sqft | AED 375KAED 375,000 · Jan 2017January 2017 | 31,000 /yr | |
| 705 | Studio | 445 sqft | AED 370KAED 370,000 · Aug 2024August 2024 | 18,000 /yr | |
| 706 | Studio | 419 sqft | AED 365KAED 365,000 · Oct 2012October 2012 | 40,000 /yr | |
| 708 | 1-bed | 793 sqft | AED 370KAED 370,000 · Apr 2023April 2023 | 32,000 /yr | |
| 709 | 1-bed | 795 sqft | AED 370KAED 370,000 · Apr 2023April 2023 | 52,000 /yr | |
| 710 | 1-bed | 795 sqft | AED 380KAED 380,000 · May 2023May 2023 | 30,000 /yr | |
| 711 | 1-bed | 740 sqft | AED 637KAED 637,000 · Jan 2013January 2013 | ||
| 712 | 1-bed | 746 sqft | AED 630KAED 630,000 · Aug 2011August 2011 | 41,800 /yr | |
| 713 | 1-bed | 809 sqft | AED 375KAED 375,000 · Jan 2023January 2023 | 35,000 /yr | |
| 714 | 1-bed | 758 sqft | AED 375KAED 375,000 · Jun 2023June 2023 | 32,000 /yr | |
| 715 | 1-bed | 701 sqft | AED 509KAED 508,580 · Apr 2014April 2014 | 25,000 /yr | |
| 716 | Studio | 477 sqft | AED 435KAED 435,000 · Dec 2012December 2012 | 27,951 /yr | |
| 717 | Studio | 495 sqft | AED 250KAED 250,000 · Nov 2021November 2021 | 22,000 /yr | |
| 718 | Studio | 543 sqft | AED 265KAED 265,000 · May 2023May 2023 | 21,000 /yr |
707, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 5 July 2012 for AED 645,000, or AED 811 per sqft.
- Rented since May 2013 on 7 Ejari contracts, from AED 33,600 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2012 price is 6.2%, before a service charge of about AED 11,400 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 1 August 2023.
Questions about 707, Ritz Residence
What did unit 707 last sell for?
AED 645,000 on 5 July 2012, sold by the developer: AED 811 per sqft for 794 sqft. It is the only registered sale of the unit.
What is the rent for unit 707?
AED 40,000 a year on the contract signed on 1 August 2023. The previous contract, from July 2021, was AED 32,000; the unit has been rented since May 2013.
How big is unit 707?
794 sqft (73.8 sqm): a one-bedroom apartment on the 7th floor of a 7-storey tower completed in 2009.
What is unit 707 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 707, Ritz Residence
Starts from the last sale price (AED 645K, 5 July 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 645,000
- Deposit, UAE resident (20%)
- AED 129,000
- Deposit, non-resident (40%)
- AED 258,000
- Monthly over 25 years at 3.7%
- AED 2,639
Plus AED 32,100 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →