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Studio · 434 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

206, Ritz Residence

Sold prices and rental history: sold once, by the developer in October 2012, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 20 November 2015
Last soldAED 233K18 October 2012
Current rentAED 40K /yr20 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 206, Ritz Residence

What is 206 worth today?

Last sold for AED 233,365 in 2012

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20 Nov 2015RentedRenewal
AED 40,000/yr12 months · AED 93 per sqft
20 Nov 2014RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
18 Oct 2012Sold by developerReady
AED 233,365AED 537 per sqft

Source: Dubai Land Department. Updated 20 November 2015.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
2nd of 7
Parking
B2-30
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 233K · October 2012
Building
Ritz Residence

About 206, Ritz Residence

206 is a studio of 434 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. The developer sold it on 18 October 2012 for AED 233,365, or AED 537 per sqft, 36% below the AED 834 studios in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 20 November 2015, is AED 40,000 a year: a gross yield of 17.1% on the 2012 price, before the service charge of about AED 6,200 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical studio in Ritz Residence
200K300K400K2011201520192023Typical 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 233,365 (AED 537 per sqft)

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

Rents
Unit 206, 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, November 2014: AED 40,000 a yearRenewal, November 2015: 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 206 sits

All 75 studios →

206 last sold in October 2012 at AED 537 per sqft, 36% below what studios in Ritz Residence were fetching at the time (AED 834). 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. 206'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
203StudioAED 350K · Apr 2024
204StudioAED 295K · Jan 2024
205StudioAED 320K · Nov 2023
207StudioAED 223K · Sep 2012
208StudioAED 400K · Dec 2012
1–7 of 23

206, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 18 October 2012 for AED 233,365, or AED 537 per sqft.
  • Rented since November 2014 on 2 Ejari contracts, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2012 price is 17.1%, 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 20 November 2015.

Questions about 206, Ritz Residence

What did unit 206 last sell for?

AED 233,365 on 18 October 2012, sold by the developer: AED 537 per sqft for 434 sqft. It is the only registered sale of the unit.

What is the rent for unit 206?

AED 40,000 a year on the contract renewed on 20 November 2015. The previous contract, from November 2014, was AED 40,000.

How big is unit 206?

434 sqft (40.3 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 206 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 206, Ritz Residence

Starts from the last sale price (AED 233K, 18 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 233,365
Deposit, UAE resident (20%)
AED 46,673
Deposit, non-resident (40%)
AED 93,346
Monthly over 25 years at 3.7%
AED 955

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