718, Ritz Residence
Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 718, Ritz Residence
What is 718 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 29 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 543 sqft
- Floor
- 7th of 7
- Parking
- B1-56
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 7,800 /yr
- Last sold
- AED 265K · May 2023
- Building
- Ritz Residence
About 718, Ritz Residence
718 is a studio of 543 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. It last sold on 29 May 2023 for AED 265,000, or AED 487 per sqft, 8% below the AED 531 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 September 2021, is AED 21,000 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 7,800 a year.
Sales and rents for 718 over time
718 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 718 sits
All 72 studios →718 last sold in May 2023 at AED 487 per sqft, 8% below what studios in Ritz Residence were fetching at the time (AED 531). 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. 718's AED 21,000 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 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 | |
| 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, Ritz Residence in numbers
- Sold twice: first on 29 December 2011 for AED 417,000, last on 29 May 2023 for AED 265,000 (AED 487 per sqft).
- Rented since June 2014 on 5 Ejari contracts, from AED 27,600 to AED 21,000 a year.
- At AED 21,000 a year the gross yield on the 2023 price is 7.9%, 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 29 May 2023.
Questions about 718, Ritz Residence
What did unit 718 last sell for?
AED 265,000 on 29 May 2023: AED 487 per sqft for 543 sqft. The unit has 2 registered sales; the first was AED 417,000 in December 2011.
What is the rent for unit 718?
AED 21,000 a year on the contract renewed on 1 September 2021. The previous contract, from September 2020, was AED 24,000; the unit has been rented since June 2014.
How big is unit 718?
543 sqft (50.4 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.
What is unit 718 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.
Selling 718? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 718, Ritz Residence
Starts from the last sale price (AED 265K, 29 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 265,000
- Deposit, UAE resident (20%)
- AED 53,000
- Deposit, non-resident (40%)
- AED 106,000
- Monthly over 25 years at 3.7%
- AED 1,084
Plus AED 14,040 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →