1-bed · 820 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

213, Ritz Residence

Sold prices and rental history: sold twice, last in January 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 213 · DLD and Ejari recordsUpdated 16 January 2023
Last soldAED 360K16 January 2023
Current rentAED 30K /yr25 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 213, Ritz Residence

What is 213 worth today?

Last sold for AED 360,000 in 2023

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16 Jan 2023SoldReady
AED 360,000AED 439 per sqft
25 Dec 2021RentedNew contract
AED 30,000/yr12 months · AED 37 per sqft
22 Oct 2020RentedNew contract
AED 32,000/yr12 months · AED 39 per sqft
1 Feb 2020RentedNew contract
AED 42,000/yr12 months · AED 51 per sqft
1 Feb 2018RentedNew contract
AED 46,000/yr12 months · AED 56 per sqft
12 Jan 2012Sold by developerReady
AED 670,000AED 817 per sqft

Source: Dubai Land Department. Updated 16 January 2023.

Key facts

Type
1-bed apartment
Size
820 sqft
Floor
2nd of 7
Parking
B2-37
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,700 /yr
Last sold
AED 360K · January 2023

About 213, Ritz Residence

213 is a one-bedroom apartment of 820 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 16 January 2023 for AED 360,000, or AED 439 per sqft, 3% below the AED 453 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 25 December 2021, is AED 30,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 11,700 a year.

Sales and rents for 213 over time

Sales
Unit 213, 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, January 2012: AED 670,000 (AED 817 per sqft)Sold, January 2023: AED 360,000 (AED 439 per sqft)

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

Rents
Unit 213, 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 2018: AED 46,000 a yearNew contract, February 2020: AED 42,000 a yearNew contract, October 2020: AED 32,000 a yearNew contract, December 2021: AED 30,000 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 213 sits

All 75 1-beds →

213 last sold in January 2023 at AED 439 per sqft, 3% below what one-beds in Ritz Residence were fetching at the time (AED 453). 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. 213's AED 30,000 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

213, Ritz Residence in numbers

  • Sold twice: first on 12 January 2012 for AED 670,000, last on 16 January 2023 for AED 360,000 (AED 439 per sqft).
  • Rented since February 2018 on 4 Ejari contracts, from AED 46,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 11,700 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 16 January 2023.

Questions about 213, Ritz Residence

What did unit 213 last sell for?

AED 360,000 on 16 January 2023: AED 439 per sqft for 820 sqft. The unit has 2 registered sales; the first was AED 670,000 in January 2012.

What is the rent for unit 213?

AED 30,000 a year on the contract signed on 25 December 2021. The previous contract, from October 2020, was AED 32,000; the unit has been rented since February 2018.

How big is unit 213?

820 sqft (76.2 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 213 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 213, Ritz Residence

Starts from the last sale price (AED 360K, 16 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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