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1-bed · 791 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

301, Ritz Residence

Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 4 June 2024
Last soldAED 360K3 July 2023
Current rentAED 41K /yr4 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, Ritz Residence

What is 301 worth today?

Last sold for AED 360,000 in 2023

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4 Jun 2024RentedNew contract
AED 40,500/yr12 months · AED 51 per sqft
3 Jul 2023Sold by developerReady
AED 360,000AED 454 per sqft
30 Aug 2019RentedNew contract
AED 35,000/yr12 months · AED 44 per sqft
30 Sep 2017RentedNew contract
AED 32,818/yr12 months · AED 41 per sqft
1 Feb 2013RentedNew contract
AED 32,902/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 4 June 2024.

Key facts

Type
1-bed apartment
Size
791 sqft
Floor
3rd of 7
Parking
B2-49
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,300 /yr
Last sold
AED 360K · July 2023
Building
Ritz Residence

About 301, Ritz Residence

301 is a one-bedroom apartment of 791 sqft on the 3rd 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 3 July 2023 for AED 360,000, or AED 454 per sqft, in line with the AED 464 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 4 June 2024, is AED 40,500 a year: a gross yield of 11.3% on the 2023 price, before the service charge of about AED 11,300 a year.

Sales and rents for 301 over time

Sales
Unit 301, 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, July 2023: AED 360,000 (AED 454 per sqft)

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

Rents
Unit 301, 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 2013: AED 32,902 a yearNew contract, September 2017: AED 32,818 a yearNew contract, August 2019: AED 35,000 a yearNew contract, June 2024: AED 40,500 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 301 sits

All 75 1-beds →

301 last sold in July 2023 at AED 454 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 464). 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. 301's AED 40,500 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 41K /yr
Typical yield
8.2%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 3rd floor

All 150 units in Ritz Residence
Value
302StudioAED 270K · Dec 2019
303StudioAED 395K · Dec 2011
304StudioAED 395K · Dec 2011
305StudioAED 395K · Feb 2012
306StudioAED 395K · Oct 2012
307StudioAED 388K · Aug 2012
308StudioAED 347K · Jan 2014
1–7 of 23

301, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 3 July 2023 for AED 360,000, or AED 454 per sqft.
  • Rented since February 2013 on 4 Ejari contracts, from AED 32,902 to AED 40,500 a year.
  • At AED 40,500 a year the gross yield on the 2023 price is 11.3%, before a service charge of about AED 11,300 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 4 June 2024.

Questions about 301, Ritz Residence

What did unit 301 last sell for?

AED 360,000 on 3 July 2023, sold by the developer: AED 454 per sqft for 791 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 40,500 a year on the contract signed on 4 June 2024. The previous contract, from August 2019, was AED 35,000; the unit has been rented since February 2013.

How big is unit 301?

791 sqft (73.5 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 301 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 301, Ritz Residence

Starts from the last sale price (AED 360K, 3 July 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 →