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1-bed · 761 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

212, Ritz Residence

Sold prices and rental history: sold once, by the developer in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 212 · DLD and Ejari recordsUpdated 1 February 2025
Last soldAED 375K30 March 2023
Current rentAED 40K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 212, Ritz Residence

What is 212 worth today?

Last sold for AED 375,000 in 2023

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1 Feb 2025RentedRenewal
AED 40,000/yr12 months · AED 53 per sqft
1 Feb 2025RentedRenewal
AED 40,000/yr12 months · AED 53 per sqft
1 Feb 2024RentedNew contract
AED 38,000/yr12 months · AED 50 per sqft
30 Mar 2023Sold by developerReady
AED 375,000AED 492 per sqft
1 Feb 2023RentedNew contract
AED 35,000/yr12 months · AED 46 per sqft
9 Oct 2021RentedNew contract
AED 40,000/yr12 months · AED 53 per sqft
10 Oct 2018RentedRenewal
AED 46,000/yr12 months · AED 60 per sqft
8 Oct 2017RentedNew contract
AED 51,722/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 1 February 2025.

Key facts

Type
1-bed apartment
Size
761 sqft
Floor
2nd of 7
Parking
B2-36
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 10,900 /yr
Last sold
AED 375K · March 2023
Building
Ritz Residence

About 212, Ritz Residence

212 is a one-bedroom apartment of 761 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 30 March 2023 for AED 375,000, or AED 492 per sqft, 12% above the AED 439 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 40,000 a year: a gross yield of 10.7% on the 2023 price, before the service charge of about AED 10,900 a year.

Sales and rents for 212 over time

Sales
Unit 212, 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, March 2023: AED 375,000 (AED 492 per sqft)

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

Rents
Unit 212, 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, July 2013: AED 42,885 a yearNew contract, December 2016: AED 52,000 a yearNew contract, October 2017: AED 51,722 a yearRenewal, October 2018: AED 46,000 a yearNew contract, October 2021: AED 40,000 a yearNew contract, February 2023: AED 35,000 a yearNew contract, February 2024: AED 38,000 a yearRenewal, February 2025: AED 40,000 a yearRenewal, February 2025: AED 40,000 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 212 sits

All 75 1-beds →

212 last sold in March 2023 at AED 492 per sqft, 12% above what one-beds in Ritz Residence were fetching at the time (AED 439). 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. 212's AED 40,000 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

212, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 30 March 2023 for AED 375,000, or AED 492 per sqft.
  • Rented since July 2013 on 9 Ejari contracts. The rent fell from AED 42,885 to AED 35,000 in 2023 and recovered to AED 40,000 by February 2025.
  • At AED 40,000 a year the gross yield on the 2023 price is 10.7%, before a service charge of about AED 10,900 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 February 2025.

Questions about 212, Ritz Residence

What did unit 212 last sell for?

AED 375,000 on 30 March 2023, sold by the developer: AED 492 per sqft for 761 sqft. It is the only registered sale of the unit.

What is the rent for unit 212?

AED 40,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2025, was AED 40,000; the unit has been rented since July 2013.

How big is unit 212?

761 sqft (70.7 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 212 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 212, Ritz Residence

Starts from the last sale price (AED 375K, 30 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

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