1-bed · 796 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

211, Ritz Residence

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

Unit 211 · DLD and Ejari recordsUpdated 1 November 2020
Last soldAED 600K20 November 2012
Current rentAED 32K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 211, Ritz Residence

What is 211 worth today?

Last sold for AED 600,000 in 2012

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1 Nov 2020RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft
10 Oct 2018RentedNew contract
AED 43,000/yr12 months · AED 54 per sqft
10 Feb 2013RentedNew contract
AED 35,000/yr12 months · AED 44 per sqft
20 Nov 2012Sold by developerReady
AED 600,000AED 753 per sqft

Source: Dubai Land Department. Updated 1 November 2020.

Key facts

Type
1-bed apartment
Size
796 sqft
Floor
2nd of 7
Parking
B2-35
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,400 /yr
Last sold
AED 600K · November 2012

About 211, Ritz Residence

211 is a one-bedroom apartment of 796 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 20 November 2012 for AED 600,000, or AED 753 per sqft, 5% below the AED 794 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 November 2020, is AED 32,000 a year: a gross yield of 5.3% on the 2012 price, before the service charge of about AED 11,400 a year.

Sales and rents for 211 over time

Sales
Unit 211, each saleTypical one-bed in Ritz Residence
400K600K20112015201920232027Typical sale price by year: 2011 AED 630,000; 2012 AED 647,500; 2013 AED 400,000; 2014 AED 615,000; 2015 AED 620,000; 2016 AED 620,000; 2018 AED 332,500; 2021 AED 383,000; 2022 AED 365,000; 2023 AED 370,000; 2024 AED 447,000; 2025 AED 552,500; 2026 AED 675,000Sold by developer, November 2012: AED 600,000 (AED 753 per sqft)

211 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 211, each contractTypical one-bed in Ritz Residence
30K40K50K2012201620202024Typical rent by year: 2012 AED 32,000; 2013 AED 35,000; 2014 AED 39,779; 2015 AED 43,500; 2016 AED 49,862; 2017 AED 48,000; 2018 AED 45,000; 2019 AED 40,000; 2020 AED 32,500; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 34,825; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 50,000New contract, February 2013: AED 35,000 a yearNew contract, October 2018: AED 43,000 a yearNew contract, November 2020: AED 32,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Ritz Residence, and where 211 sits

All 75 1-beds →

211 last sold in November 2012 at AED 753 per sqft, 5% below what one-beds in Ritz Residence were fetching at the time (AED 794). Over the last 12 months one-beds sold for AED 330,000 to 700,000, around AED 838 per sqft, and rent for AED 25,000 to 63,000 a year. 211's AED 32,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Aug 2026680,000
18 Jun 2026700,000
15 May 2026670,000
13 May 2026330,000
7 1-bed 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
206StudioAED 233K · Oct 2012
207StudioAED 223K · Sep 2012
1–7 of 23

211, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 20 November 2012 for AED 600,000, or AED 753 per sqft.
  • Rented since February 2013 on 3 Ejari contracts, from AED 35,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2012 price is 5.3%, before a service charge of about AED 11,400 a year (AED 14.31 per sqft).
  • One-beds in Ritz Residence sold for AED 330,000–700,000 in the 12 months to November 2026; the building's median across all types is AED 833 per sqft.

Source: Dubai Land Department. Updated 1 November 2020.

Questions about 211, Ritz Residence

What did unit 211 last sell for?

AED 600,000 on 20 November 2012, sold by the developer: AED 753 per sqft for 796 sqft. It is the only registered sale of the unit.

What is the rent for unit 211?

AED 32,000 a year on the contract signed on 1 November 2020. The previous contract, from October 2018, was AED 43,000; the unit has been rented since February 2013.

How big is unit 211?

796 sqft (74.0 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 211 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ritz Residence sold for AED 330,000 to 700,000 in the last 12 months, around AED 838 per sqft.

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Mortgage on 211, Ritz Residence

Starts from the last sale price (AED 600K, 20 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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