Home
Dubai prices
About
Research
Studio · 411 sqftRitz Residence, International City Phase 2 & 3 · 1st floor · completed 2009

124, Ritz Residence

Sold prices and rental history: sold once, by the developer in February 2015, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 124 · DLD and Ejari recordsUpdated 10 May 2018
Last soldAED 370K10 February 2015
Current rentAED 30K /yr10 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 124

Property timeline for 124, Ritz Residence

What is 124 worth today?

Last sold for AED 370,000 in 2015

Unlock today's estimate, updated daily, with

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

10 May 2018RentedNew contract
AED 30,000/yr12 months · AED 73 per sqft
15 Jan 2017RentedNew contract
AED 37,000/yr12 months · AED 90 per sqft
10 Feb 2015Sold by developerReady
AED 370,000AED 900 per sqft

Source: Dubai Land Department. Updated 10 May 2018.

Key facts

Type
Studio apartment
Size
411 sqft
Floor
1st of 7
Parking
B2-24
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 5,900 /yr
Last sold
AED 370K · February 2015
Building
Ritz Residence

About 124, Ritz Residence

124 is a studio of 411 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 10 February 2015 for AED 370,000, or AED 900 per sqft, in line with the AED 925 studios in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 10 May 2018, is AED 30,000 a year: a gross yield of 8.1% on the 2015 price, before the service charge of about AED 5,900 a year.

Sales and rents for 124 over time

Sales
Unit 124, 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 2015: AED 370,000 (AED 900 per sqft)

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

Rents
Unit 124, 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, January 2017: AED 37,000 a yearNew contract, May 2018: AED 30,000 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 124 sits

All 75 studios →

124 last sold in February 2015 at AED 900 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 925). 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. 124's AED 30,000 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

124, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 10 February 2015 for AED 370,000, or AED 900 per sqft.
  • Rented since January 2017 on 2 Ejari contracts, from AED 37,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2015 price is 8.1%, before a service charge of about AED 5,900 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 10 May 2018.

Questions about 124, Ritz Residence

What did unit 124 last sell for?

AED 370,000 on 10 February 2015, sold by the developer: AED 900 per sqft for 411 sqft. It is the only registered sale of the unit.

What is the rent for unit 124?

AED 30,000 a year on the contract signed on 10 May 2018. The previous contract, from January 2017, was AED 37,000.

How big is unit 124?

411 sqft (38.2 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 124 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 124? 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 124, Ritz Residence

Starts from the last sale price (AED 370K, 10 February 2015). 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 →