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Studio · 411 sqftRitz Residence, International City Phase 2 & 3 · 2nd floor · completed 2009

224, Ritz Residence

Sold prices and rental history: sold twice, last in January 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 224 · DLD and Ejari recordsUpdated 23 August 2026
Last soldAED 250K2 January 2018
Current rentAED 33K /yr23 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 224, Ritz Residence

What is 224 worth today?

Last sold for AED 250,000 in 2018

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23 Aug 2026RentedRenewal
AED 33,000/yr12 months · AED 80 per sqft
23 Aug 2025RentedRenewal
AED 30,800/yr12 months · AED 75 per sqft
23 Aug 2024RentedRenewal
AED 30,800/yr12 months · AED 75 per sqft
23 Aug 2023RentedNew contract
AED 28,000/yr12 months · AED 68 per sqft
25 Nov 2020RentedNew contract
AED 21,000/yr12 months · AED 51 per sqft
2 Jan 2018SoldReady
AED 250,000AED 608 per sqft
19 Dec 2011Sold by developerReady
AED 370,000AED 900 per sqft

Source: Dubai Land Department. Updated 23 August 2026.

Key facts

Type
Studio apartment
Size
411 sqft
Floor
2nd of 7
Parking
B2-48
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 5,900 /yr
Last sold
AED 250K · January 2018
Building
Ritz Residence

About 224, Ritz Residence

224 is a studio of 411 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 2 January 2018 for AED 250,000, or AED 608 per sqft, 25% below the AED 809 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 23 August 2026, is AED 33,000 a year: a gross yield of 13.2% on the 2018 price, before the service charge of about AED 5,900 a year.

Sales and rents for 224 over time

Sales
Unit 224, 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 370,000 (AED 900 per sqft)Sold, January 2018: AED 250,000 (AED 608 per sqft)

224 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 224, 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, November 2020: AED 21,000 a yearNew contract, August 2023: AED 28,000 a yearRenewal, August 2024: AED 30,800 a yearRenewal, August 2025: AED 30,800 a yearRenewal, August 2026: AED 33,000 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 224 sits

All 75 studios →

224 last sold in January 2018 at AED 608 per sqft, 25% below what studios in Ritz Residence were fetching at the time (AED 809). 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. 224's AED 33,000 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

224, Ritz Residence in numbers

  • Sold twice: first on 19 December 2011 for AED 370,000, last on 2 January 2018 for AED 250,000 (AED 608 per sqft).
  • Rented since November 2020 on 5 Ejari contracts, from AED 21,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2018 price is 13.2%, before a service charge of about AED 5,900 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 23 August 2026.

Questions about 224, Ritz Residence

What did unit 224 last sell for?

AED 250,000 on 2 January 2018: AED 608 per sqft for 411 sqft. The unit has 2 registered sales; the first was AED 370,000 in December 2011.

What is the rent for unit 224?

AED 33,000 a year on the contract renewed on 23 August 2026. The previous contract, from August 2025, was AED 30,800; the unit has been rented since November 2020.

How big is unit 224?

411 sqft (38.2 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 224 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 224, Ritz Residence

Starts from the last sale price (AED 250K, 2 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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