Home
Dubai prices
About
Research
Studio · 433 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

122, Ritz Residence

Sold prices and rental history: sold twice, last in March 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 122 · DLD and Ejari recordsUpdated 25 January 2026
Last soldAED 370K16 March 2017
Current rentAED 42K /yr25 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 122

Property timeline for 122, Ritz Residence

What is 122 worth today?

Last sold for AED 370,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Jan 2026RentedNew contract
AED 42,000/yr12 months · AED 97 per sqft
1 Apr 2024RentedRenewal
AED 25,357/yr12 months · AED 59 per sqft
1 Apr 2023RentedRenewal
AED 24,150/yr12 months · AED 56 per sqft
1 Apr 2022RentedNew contract
AED 23,000/yr12 months · AED 53 per sqft
1 Mar 2021RentedNew contract
AED 18,462/yr13 months · AED 43 per sqft
5 Dec 2018RentedNew contract
AED 27,000/yr12 months · AED 63 per sqft
18 Apr 2017RentedNew contract
AED 36,000/yr12 months · AED 84 per sqft
16 Mar 2017SoldReady
AED 370,000AED 854 per sqft

Source: Dubai Land Department. Updated 25 January 2026.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
1st of 7
Parking
B2-22
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 370K · March 2017
Building
Ritz Residence

About 122, Ritz Residence

122 is a studio of 433 sqft on the 1st 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 16 March 2017 for AED 370,000, or AED 854 per sqft, in line with the AED 840 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 25 January 2026, is AED 42,000 a year: a gross yield of 11.3% on the 2017 price, before the service charge of about AED 6,200 a year.

Sales and rents for 122 over time

Sales
Unit 122, 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 348,720; 2015 AED 420,000; 2016 AED 370,000; 2017 AED 372,500; 2018 AED 330,000; 2022 AED 237,500; 2023 AED 275,000; 2024 AED 355,000; 2025 AED 417,500Sold by developer, May 2012: AED 388,000 (AED 896 per sqft)Sold, March 2017: AED 370,000 (AED 854 per sqft)

122 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 122, each contractTypical studio in Ritz Residence
20K40K2012201620202024Typical rent by year: 2012 AED 20,500; 2013 AED 26,000; 2014 AED 34,000; 2015 AED 39,500; 2016 AED 39,779; 2017 AED 36,000; 2018 AED 30,000; 2019 AED 25,750; 2020 AED 22,500; 2021 AED 20,000; 2022 AED 22,000; 2023 AED 25,000; 2024 AED 30,000; 2025 AED 32,000; 2026 AED 36,000New contract, April 2017: AED 36,000 a yearNew contract, December 2018: AED 27,000 a yearNew contract, March 2021: AED 18,462 a yearNew contract, April 2022: AED 23,000 a yearRenewal, April 2023: AED 24,150 a yearRenewal, April 2024: AED 25,357 a yearNew contract, January 2026: AED 42,000 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 122 sits

All 75 studios →

122 last sold in March 2017 at AED 854 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 840). Over the last 12 months studios sold for AED 410,000 to 465,000, around AED 828 per sqft, and rent for AED 25,000 to 60,000 a year. 122's AED 42,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Nov 2026420,000
21 Nov 2025465,000
10 Nov 2025410,000
9 Sep 2025425,000
3 studio sales 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. 10 sold in the last 12 months.

Typical price per sqft
AED 833 Up 26.2%
Typical sale
AED 565K
Typical rent
AED 40K /yr
Typical yield
8.3%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 1st floor

All 150 units in Ritz Residence
Value
1011-bedAED 355K · Mar 2019
102StudioAED 320K · Jul 2013
103StudioAED 211K · Sep 2012
104StudioAED 211K · Aug 2012
105StudioAED 211K · Aug 2012
106StudioAED 209K · Aug 2012
107StudioAED 330K · Nov 2013
1–7 of 23

122, Ritz Residence in numbers

  • Sold twice: first on 8 May 2012 for AED 388,000, last on 16 March 2017 for AED 370,000 (AED 854 per sqft).
  • Rented since April 2017 on 7 Ejari contracts. The rent fell from AED 36,000 to AED 18,462 in 2021 and recovered to AED 42,000 by January 2026.
  • At AED 42,000 a year the gross yield on the 2017 price is 11.3%, before a service charge of about AED 6,200 a year (AED 14.31 per sqft).
  • Studios in Ritz Residence sold for AED 410,000–465,000 in the 12 months to November 2026; the building's median across all types is AED 833 per sqft.

Source: Dubai Land Department. Updated 25 January 2026.

Questions about 122, Ritz Residence

What did unit 122 last sell for?

AED 370,000 on 16 March 2017: AED 854 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 388,000 in May 2012.

What is the rent for unit 122?

AED 42,000 a year on the contract signed on 25 January 2026. The previous contract, from April 2024, was AED 25,357; the unit has been rented since April 2017.

How big is unit 122?

433 sqft (40.2 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 122 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 410,000 to 465,000 in the last 12 months, around AED 828 per sqft.

Selling 122? 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.

How OpenOffers works

Mortgage on 122, Ritz Residence

Starts from the last sale price (AED 370K, 16 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →