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1-bed · 883 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

219, Ritz Residence

Sold prices and rental history: sold 3 times, last in October 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 219 · DLD and Ejari recordsUpdated 6 October 2021
Last soldAED 395K6 October 2021
Current rentAED 33K /yr16 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 219, Ritz Residence

What is 219 worth today?

Last sold for AED 395,000 in 2021

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6 Oct 2021SoldReady
AED 395,000AED 447 per sqft
16 Aug 2021RentedNew contract
AED 33,000/yr12 months · AED 37 per sqft
4 Jul 2021SoldReady
AED 360,000AED 407 per sqft
1 Nov 2018RentedRenewal
AED 40,000/yr12 months · AED 45 per sqft
1 Nov 2017RentedNew contract
AED 43,000/yr12 months · AED 49 per sqft
1 Jun 2017RentedNew contract
AED 45,000/yr12 months · AED 51 per sqft
1 Jun 2016RentedRenewal
AED 42,000/yr12 months · AED 48 per sqft
1 Jun 2015RentedNew contract
AED 39,000/yr12 months · AED 44 per sqft

Source: Dubai Land Department. Updated 6 October 2021.

Key facts

Type
1-bed apartment
Size
883 sqft
Floor
2nd of 7
Parking
B2-43
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 12,600 /yr
Last sold
AED 395K · October 2021
Building
Ritz Residence

About 219, Ritz Residence

219 is a one-bedroom apartment of 883 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 6 October 2021 for AED 395,000, or AED 447 per sqft, in line with the AED 441 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 16 August 2021, is AED 33,000 a year: a gross yield of 8.3% on the 2021 price, before the service charge of about AED 12,600 a year.

Sales and rents for 219 over time

Sales
Unit 219, each saleTypical one-bed in Ritz Residence
400K600K800K20112015201920232027Typical 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, July 2012: AED 760,000 (AED 860 per sqft)Sold, July 2021: AED 360,000 (AED 407 per sqft)Sold, October 2021: AED 395,000 (AED 447 per sqft)

219 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 219, 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, June 2013: AED 35,000 a yearNew contract, June 2015: AED 39,000 a yearRenewal, June 2016: AED 42,000 a yearNew contract, June 2017: AED 45,000 a yearNew contract, November 2017: AED 43,000 a yearRenewal, November 2018: AED 40,000 a yearNew contract, August 2021: AED 33,000 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 219 sits

All 75 1-beds →

219 last sold in October 2021 at AED 447 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 441). 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. 219's AED 33,000 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

219, Ritz Residence in numbers

  • Sold 3 times: first on 5 July 2012 for AED 760,000, last on 6 October 2021 for AED 395,000 (AED 447 per sqft).
  • Rented since June 2013 on 7 Ejari contracts, from AED 35,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2021 price is 8.3%, before a service charge of about AED 12,600 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 6 October 2021.

Questions about 219, Ritz Residence

What did unit 219 last sell for?

AED 395,000 on 6 October 2021: AED 447 per sqft for 883 sqft. The unit has 3 registered sales; the first was AED 760,000 in July 2012.

What is the rent for unit 219?

AED 33,000 a year on the contract signed on 16 August 2021. The previous contract, from November 2018, was AED 40,000; the unit has been rented since June 2013.

How big is unit 219?

883 sqft (82.0 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 219 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 219, Ritz Residence

Starts from the last sale price (AED 395K, 6 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

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