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Studio · 442 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

203, Ritz Residence

Sold prices and rental history: sold 4 times, last in April 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 16 December 2025
Last soldAED 350K30 April 2024
Current rentAED 40K /yr16 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Ritz Residence

What is 203 worth today?

Last sold for AED 350,000 in 2024

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16 Dec 2025RentedNew contract
AED 40,000/yr12 months · AED 91 per sqft
1 Apr 2025RentedNew contract
AED 54,000/yr12 months · AED 122 per sqft
1 Apr 2025RentedNew contract
AED 54,000/yr12 months · AED 122 per sqft
30 Apr 2024SoldReady
AED 350,000AED 792 per sqft
8 Jan 2024RentedNew contract
AED 36,000/yr12 months · AED 82 per sqft
15 Dec 2023SoldReady
AED 270,000AED 611 per sqft
11 Jul 2023RentedNew contract
AED 30,000/yr6 months · AED 68 per sqft
1 Jul 2022RentedNew contract
AED 24,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 16 December 2025.

Key facts

Type
Studio apartment
Size
442 sqft
Floor
2nd of 7
Parking
B2-27
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,300 /yr
Last sold
AED 350K · April 2024
Building
Ritz Residence

About 203, Ritz Residence

203 is a studio of 442 sqft on the 2nd 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 30 April 2024 for AED 350,000, or AED 792 per sqft, 24% above the AED 637 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, signed on 16 December 2025, is AED 40,000 a year: a gross yield of 11.4% on the 2024 price, before the service charge of about AED 6,300 a year.

Sales and rents for 203 over time

Sales
Unit 203, 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, October 2012: AED 360,000 (AED 815 per sqft)Sold, February 2018: AED 330,000 (AED 747 per sqft)Sold, December 2023: AED 270,000 (AED 611 per sqft)Sold, April 2024: AED 350,000 (AED 792 per sqft)

203 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 203, each contractTypical studio in Ritz Residence
20K40K60K2012201620202024Typical 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, August 2017: AED 31,084 a yearNew contract, January 2020: AED 40,755 a yearNew contract, July 2022: AED 24,000 a yearNew contract, July 2023: AED 30,000 a yearNew contract, January 2024: AED 36,000 a yearNew contract, April 2025: AED 54,000 a yearNew contract, April 2025: AED 54,000 a yearNew contract, December 2025: AED 40,000 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 203 sits

All 75 studios →

203 last sold in April 2024 at AED 792 per sqft, 24% above what studios in Ritz Residence were fetching at the time (AED 637). 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. 203's AED 40,000 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 2nd floor

All 150 units in Ritz Residence
Value
2011-bedAED 400K · Oct 2024
202StudioAED 370K · Dec 2011
204StudioAED 295K · Jan 2024
205StudioAED 320K · Nov 2023
206StudioAED 233K · Oct 2012
207StudioAED 223K · Sep 2012
208StudioAED 400K · Dec 2012
1–7 of 23

203, Ritz Residence in numbers

  • Sold 4 times: first on 1 October 2012 for AED 360,000, last on 30 April 2024 for AED 350,000 (AED 792 per sqft).
  • Rented since August 2017 on 8 Ejari contracts. The rent fell from AED 31,084 to AED 24,000 in 2022 and recovered to AED 40,000 by December 2025.
  • At AED 40,000 a year the gross yield on the 2024 price is 11.4%, before a service charge of about AED 6,300 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 16 December 2025.

Questions about 203, Ritz Residence

What did unit 203 last sell for?

AED 350,000 on 30 April 2024: AED 792 per sqft for 442 sqft. The unit has 4 registered sales; the first was AED 360,000 in October 2012.

What is the rent for unit 203?

AED 40,000 a year on the contract signed on 16 December 2025. The previous contract, from April 2025, was AED 54,000; the unit has been rented since August 2017.

How big is unit 203?

442 sqft (41.1 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 203 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 203, Ritz Residence

Starts from the last sale price (AED 350K, 30 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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