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Studio · 433 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

123, Ritz Residence

Sold prices and rental history: sold once, by the developer in February 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 123 · DLD and Ejari recordsUpdated 18 March 2026
Last soldAED 388K1 February 2012
Current rentAED 34K /yr18 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 123, Ritz Residence

What is 123 worth today?

Last sold for AED 388,000 in 2012

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18 Mar 2026RentedRenewal
AED 34,000/yr12 months · AED 79 per sqft
18 Mar 2025RentedNew contract
AED 34,000/yr12 months · AED 79 per sqft
18 Mar 2025RentedNew contract
AED 34,000/yr12 months · AED 79 per sqft
1 Feb 2020RentedNew contract
AED 25,000/yr12 months · AED 58 per sqft
4 Dec 2018RentedNew contract
AED 28,000/yr12 months · AED 65 per sqft
7 Mar 2013RentedNew contract
AED 25,000/yr12 months · AED 58 per sqft
1 Feb 2012Sold by developerReady
AED 388,000AED 896 per sqft

Source: Dubai Land Department. Updated 18 March 2026.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
1st of 7
Parking
B2-23
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 388K · February 2012
Building
Ritz Residence

About 123, Ritz Residence

123 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. The developer sold it on 1 February 2012 for AED 388,000, or AED 896 per sqft, in line with the AED 894 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 18 March 2026, is AED 34,000 a year: a gross yield of 8.8% on the 2012 price, before the service charge of about AED 6,200 a year.

Sales and rents for 123 over time

Sales
Unit 123, 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, February 2012: AED 388,000 (AED 896 per sqft)

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

Rents
Unit 123, each contractTypical studio in Ritz Residence
20K30K40K2012201620202024Typical 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, March 2013: AED 25,000 a yearNew contract, December 2018: AED 28,000 a yearNew contract, February 2020: AED 25,000 a yearNew contract, March 2025: AED 34,000 a yearNew contract, March 2025: AED 34,000 a yearRenewal, March 2026: AED 34,000 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 123 sits

All 75 studios →

123 last sold in February 2012 at AED 896 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 894). 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. 123's AED 34,000 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 41K /yr
Typical yield
8.2%
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

123, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 1 February 2012 for AED 388,000, or AED 896 per sqft.
  • Rented since March 2013 on 6 Ejari contracts, from AED 25,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2012 price is 8.8%, 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 18 March 2026.

Questions about 123, Ritz Residence

What did unit 123 last sell for?

AED 388,000 on 1 February 2012, sold by the developer: AED 896 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 123?

AED 34,000 a year on the contract renewed on 18 March 2026. The previous contract, from March 2025, was AED 34,000; the unit has been rented since March 2013.

How big is unit 123?

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

What is unit 123 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.

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Mortgage on 123, Ritz Residence

Starts from the last sale price (AED 388K, 1 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 388,000
Deposit, UAE resident (20%)
AED 77,600
Deposit, non-resident (40%)
AED 155,200
Monthly over 25 years at 3.7%
AED 1,587

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