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Studio · 479 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

308, Ritz Residence

Sold prices and rental history: sold once, by the developer in January 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 20 May 2025
Last soldAED 347K2 January 2014
Current rentAED 30K /yr20 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Ritz Residence

What is 308 worth today?

Last sold for AED 347,440 in 2014

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20 May 2025RentedNew contract
AED 29,700/yr12 months · AED 62 per sqft
20 May 2024RentedRenewal
AED 29,700/yr12 months · AED 61 per sqft
20 May 2023RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
1 Feb 2020RentedNew contract
AED 25,000/yr12 months · AED 52 per sqft
16 Sep 2017RentedRenewal
AED 37,000/yr12 months · AED 77 per sqft
16 Sep 2016RentedNew contract
AED 37,000/yr12 months · AED 77 per sqft
16 Sep 2015RentedRenewal
AED 37,000/yr12 months · AED 76 per sqft
16 Sep 2014RentedRenewal
AED 37,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 20 May 2025.

Key facts

Type
Studio apartment
Size
479 sqft
Floor
3rd of 7
Parking
B2-56
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 347K · January 2014
Building
Ritz Residence

About 308, Ritz Residence

308 is a studio of 479 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 2 January 2014 for AED 347,440, or AED 724 per sqft, in line with the AED 732 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 20 May 2025, is AED 29,700 a year: a gross yield of 8.6% on the 2014 price, before the service charge of about AED 6,900 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, January 2014: AED 347,440 (AED 724 per sqft)

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

Rents
Unit 308, 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, September 2012: AED 20,000 a yearNew contract, September 2013: AED 25,000 a yearRenewal, September 2014: AED 37,000 a yearRenewal, September 2015: AED 37,000 a yearNew contract, September 2016: AED 37,000 a yearRenewal, September 2017: AED 37,000 a yearNew contract, February 2020: AED 25,000 a yearNew contract, May 2023: AED 27,000 a yearRenewal, May 2024: AED 29,700 a yearNew contract, May 2025: AED 29,700 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 308 sits

All 75 studios →

308 last sold in January 2014 at AED 724 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 732). 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. 308's AED 29,700 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 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
3011-bedAED 360K · Jul 2023
302StudioAED 270K · Dec 2019
303StudioAED 395K · Dec 2011
304StudioAED 395K · Dec 2011
305StudioAED 395K · Feb 2012
306StudioAED 395K · Oct 2012
307StudioAED 388K · Aug 2012
1–7 of 23

308, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 2 January 2014 for AED 347,440, or AED 724 per sqft.
  • Rented since September 2012 on 10 Ejari contracts, from AED 20,000 to AED 29,700 a year.
  • At AED 29,700 a year the gross yield on the 2014 price is 8.6%, before a service charge of about AED 6,900 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 20 May 2025.

Questions about 308, Ritz Residence

What did unit 308 last sell for?

AED 347,440 on 2 January 2014, sold by the developer: AED 724 per sqft for 479 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 29,700 a year on the contract signed on 20 May 2025. The previous contract, from May 2024, was AED 29,700; the unit has been rented since September 2012.

How big is unit 308?

479 sqft (44.5 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 308 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 308, Ritz Residence

Starts from the last sale price (AED 347K, 2 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 347,440
Deposit, UAE resident (20%)
AED 69,488
Deposit, non-resident (40%)
AED 138,976
Monthly over 25 years at 3.7%
AED 1,421

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