716, Ritz Residence
Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 716, Ritz Residence
What is 716 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2025.
Key facts
- Type
- Studio apartment
- Size
- 477 sqft
- Floor
- 7th of 7
- Parking
- B1-54
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 6,800 /yr
- Last sold
- AED 435K · December 2012
- Building
- Ritz Residence
About 716, Ritz Residence
716 is a studio of 477 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 23 December 2012 for AED 435,000, or AED 912 per sqft, 7% above the AED 852 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 March 2025, is AED 27,951 a year: a gross yield of 6.4% on the 2012 price, before the service charge of about AED 6,800 a year.
Sales and rents for 716 over time
716 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 716 sits
All 72 studios →716 last sold in December 2012 at AED 912 per sqft, 7% above what studios in Ritz Residence were fetching at the time (AED 852). 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. 716's AED 27,951 is in the lower half 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 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 | |
| 707 | 1-bed | 794 sqft | AED 645KAED 645,000 · Jul 2012July 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 | |
| 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 |
716, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 23 December 2012 for AED 435,000, or AED 912 per sqft.
- Rented since February 2020 on 4 Ejari contracts. The rent fell from AED 25,000 to AED 21,000 in 2022 and recovered to AED 27,951 by March 2025.
- At AED 27,951 a year the gross yield on the 2012 price is 6.4%, 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 1 March 2025.
Questions about 716, Ritz Residence
What did unit 716 last sell for?
AED 435,000 on 23 December 2012, sold by the developer: AED 912 per sqft for 477 sqft. It is the only registered sale of the unit.
What is the rent for unit 716?
AED 27,951 a year on the contract renewed on 1 March 2025. The previous contract, from March 2024, was AED 25,410; the unit has been rented since February 2020.
How big is unit 716?
477 sqft (44.3 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.
What is unit 716 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 716, Ritz Residence
Starts from the last sale price (AED 435K, 23 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 435,000
- Deposit, UAE resident (20%)
- AED 87,000
- Deposit, non-resident (40%)
- AED 174,000
- Monthly over 25 years at 3.7%
- AED 1,780
Plus AED 21,180 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →