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Studio · 433 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

223, Ritz Residence

Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 223 · DLD and Ejari recordsUpdated 1 April 2026
Last soldAED 395K29 December 2011
Current rentAED 32K /yr1 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 223, Ritz Residence

What is 223 worth today?

Last sold for AED 395,000 in 2011

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1 Apr 2026RentedRenewal
AED 32,000/yr12 months · AED 74 per sqft
1 Apr 2025RentedRenewal
AED 32,000/yr12 months · AED 74 per sqft
1 Apr 2025RentedRenewal
AED 32,000/yr12 months · AED 74 per sqft
1 Apr 2024RentedNew contract
AED 32,000/yr12 months · AED 74 per sqft
11 Mar 2023RentedRenewal
AED 23,100/yr12 months · AED 53 per sqft
11 Mar 2022RentedNew contract
AED 21,000/yr12 months · AED 49 per sqft
11 Mar 2021RentedNew contract
AED 21,000/yr12 months · AED 49 per sqft
20 Oct 2019RentedNew contract
AED 25,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 1 April 2026.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
2nd of 7
Parking
B2-47
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 395K · December 2011
Building
Ritz Residence

About 223, Ritz Residence

223 is a studio of 433 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 29 December 2011 for AED 395,000, or AED 912 per sqft, 4% above the AED 877 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 1 April 2026, is AED 32,000 a year: a gross yield of 8.1% on the 2011 price, before the service charge of about AED 6,200 a year.

Sales and rents for 223 over time

Sales
Unit 223, each saleTypical studio in Ritz Residence
300K400K2011201520192023Typical sale price by year: 2011 AED 380,000; 2012 AED 380,000; 2013 AED 320,000; 2014 AED 348,720; 2015 AED 420,000; 2016 AED 370,000; 2017 AED 372,500; 2018 AED 330,000; 2022 AED 237,500; 2023 AED 275,000; 2024 AED 355,000; 2025 AED 417,500Sold by developer, December 2011: AED 395,000 (AED 912 per sqft)

223 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 223, each contractTypical studio in Ritz Residence
20K30K40K2012201620202024Typical rent by year: 2012 AED 20,500; 2013 AED 26,000; 2014 AED 34,000; 2015 AED 39,500; 2016 AED 39,779; 2017 AED 36,000; 2018 AED 30,000; 2019 AED 25,750; 2020 AED 22,500; 2021 AED 20,000; 2022 AED 22,000; 2023 AED 25,000; 2024 AED 30,000; 2025 AED 32,000; 2026 AED 36,000New contract, February 2015: AED 39,000 a yearNew contract, August 2018: AED 30,000 a yearNew contract, October 2019: AED 25,000 a yearNew contract, March 2021: AED 21,000 a yearNew contract, March 2022: AED 21,000 a yearRenewal, March 2023: AED 23,100 a yearNew contract, April 2024: AED 32,000 a yearRenewal, April 2025: AED 32,000 a yearRenewal, April 2025: AED 32,000 a yearRenewal, April 2026: AED 32,000 a year

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

Studios in Ritz Residence, and where 223 sits

All 75 studios →

223 last sold in December 2011 at AED 912 per sqft, 4% above what studios in Ritz Residence were fetching at the time (AED 877). Over the last 12 months studios sold for AED 410,000 to 465,000, around AED 828 per sqft, and rent for AED 25,000 to 60,000 a year. 223's AED 32,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Nov 2026420,000
21 Nov 2025465,000
10 Nov 2025410,000
9 Sep 2025425,000
3 studio 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

223, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 29 December 2011 for AED 395,000, or AED 912 per sqft.
  • Rented since February 2015 on 10 Ejari contracts. The rent fell from AED 39,000 to AED 21,000 in 2022 and recovered to AED 32,000 by April 2026.
  • At AED 32,000 a year the gross yield on the 2011 price is 8.1%, before a service charge of about AED 6,200 a year (AED 14.31 per sqft).
  • Studios in Ritz Residence sold for AED 410,000–465,000 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 April 2026.

Questions about 223, Ritz Residence

What did unit 223 last sell for?

AED 395,000 on 29 December 2011, sold by the developer: AED 912 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 223?

AED 32,000 a year on the contract renewed on 1 April 2026. The previous contract, from April 2025, was AED 32,000; the unit has been rented since February 2015.

How big is unit 223?

433 sqft (40.2 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 223 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ritz Residence sold for AED 410,000 to 465,000 in the last 12 months, around AED 828 per sqft.

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Mortgage on 223, Ritz Residence

Starts from the last sale price (AED 395K, 29 December 2011). 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 →