Home
Dubai prices
About
Research
1-bed · 802 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

216, Ritz Residence

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 27 December 2022
Last soldAED 370K27 December 2022
Current rentAED 30K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 216

Property timeline for 216, Ritz Residence

What is 216 worth today?

Last sold for AED 370,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

27 Dec 2022Sold by developerReady
AED 370,000AED 461 per sqft
1 Oct 2021RentedRenewal
AED 30,000/yr13 months · AED 37 per sqft
1 Oct 2020RentedNew contract
AED 30,000/yr12 months · AED 37 per sqft
20 Jun 2019RentedNew contract
AED 42,000/yr12 months · AED 52 per sqft
21 Jun 2018RentedRenewal
AED 47,000/yr12 months · AED 59 per sqft
19 Jun 2017RentedNew contract
AED 54,696/yr12 months · AED 68 per sqft
20 Jun 2016RentedRenewal
AED 55,000/yr12 months · AED 68 per sqft
10 May 2015RentedNew contract
AED 49,550/yr13 months · AED 61 per sqft

Source: Dubai Land Department. Updated 27 December 2022.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
2nd of 7
Parking
B2-40
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,500 /yr
Last sold
AED 370K · December 2022
Building
Ritz Residence

About 216, Ritz Residence

216 is a one-bedroom apartment of 802 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 27 December 2022 for AED 370,000, or AED 461 per sqft, 5% above the AED 437 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 October 2021, is AED 30,000 a year: a gross yield of 8.1% on the 2022 price, before the service charge of about AED 11,500 a year.

Sales and rents for 216 over time

Sales
Unit 216, 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, December 2022: AED 370,000 (AED 461 per sqft)

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

Rents
Unit 216, each contractTypical one-bed in Ritz Residence
40K2012201620202024Typical 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, May 2015: AED 49,550 a yearRenewal, June 2016: AED 55,000 a yearNew contract, June 2017: AED 54,696 a yearRenewal, June 2018: AED 47,000 a yearNew contract, June 2019: AED 42,000 a yearNew contract, October 2020: AED 30,000 a yearRenewal, October 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 216 sits

All 75 1-beds →

216 last sold in December 2022 at AED 461 per sqft, 5% above what one-beds in Ritz Residence were fetching at the time (AED 437). 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. 216'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

216, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 27 December 2022 for AED 370,000, or AED 461 per sqft.
  • Rented since May 2015 on 7 Ejari contracts, from AED 49,550 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2022 price is 8.1%, before a service charge of about AED 11,500 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 27 December 2022.

Questions about 216, Ritz Residence

What did unit 216 last sell for?

AED 370,000 on 27 December 2022, sold by the developer: AED 461 per sqft for 802 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 30,000 a year on the contract renewed on 1 October 2021. The previous contract, from October 2020, was AED 30,000; the unit has been rented since May 2015.

How big is unit 216?

802 sqft (74.5 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 216 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.

Selling 216? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 216, Ritz Residence

Starts from the last sale price (AED 370K, 27 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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