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1-bed · 796 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

310, Ritz Residence

Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 310 · DLD and Ejari recordsUpdated 13 May 2024
Last soldAED 430K13 May 2024
Current rentAED 33K /yr14 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 310, Ritz Residence

What is 310 worth today?

Last sold for AED 430,000 in 2024

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13 May 2024SoldReady
AED 430,000AED 539 per sqft
14 Feb 2024RentedNew contract
AED 32,500/yr12 months · AED 41 per sqft
14 Feb 2023RentedNew contract
AED 30,000/yr12 months · AED 38 per sqft
12 Jan 2023SoldReady
AED 370,000AED 464 per sqft
14 Feb 2022RentedRenewal
AED 30,000/yr12 months · AED 38 per sqft
25 Jan 2021RentedNew contract
AED 30,000/yr13 months · AED 38 per sqft
21 Jul 2017RentedNew contract
AED 51,000/yr12 months · AED 64 per sqft
2 Jun 2016SoldReady
AED 580,000AED 728 per sqft

Source: Dubai Land Department. Updated 13 May 2024.

Key facts

Type
1-bed apartment
Size
796 sqft
Floor
3rd of 7
Parking
B1-66
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,400 /yr
Last sold
AED 430K · May 2024
Building
Ritz Residence

About 310, Ritz Residence

310 is a one-bedroom apartment of 796 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. It last sold on 13 May 2024 for AED 430,000, or AED 539 per sqft, 12% above the AED 480 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 14 February 2024, is AED 32,500 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 11,400 a year.

Sales and rents for 310 over time

Sales
Unit 310, 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 2014: AED 660,000 (AED 828 per sqft)Sold, June 2016: AED 580,000 (AED 728 per sqft)Sold, January 2023: AED 370,000 (AED 464 per sqft)Sold, May 2024: AED 430,000 (AED 539 per sqft)

310 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 310, each contractTypical one-bed in Ritz Residence
40K2012201620202024Typical 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, May 2016: AED 52,219 a yearNew contract, July 2017: AED 51,000 a yearNew contract, January 2021: AED 30,000 a yearRenewal, February 2022: AED 30,000 a yearNew contract, February 2023: AED 30,000 a yearNew contract, February 2024: AED 32,500 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 310 sits

All 75 1-beds →

310 last sold in May 2024 at AED 539 per sqft, 12% above what one-beds in Ritz Residence were fetching at the time (AED 480). 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. 310's AED 32,500 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
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

310, Ritz Residence in numbers

  • Sold 4 times: first on 14 July 2014 for AED 660,000, last on 13 May 2024 for AED 430,000 (AED 539 per sqft).
  • Rented since May 2016 on 6 Ejari contracts, from AED 52,219 to AED 32,500 a year.
  • At AED 32,500 a year the gross yield on the 2024 price is 7.6%, before a service charge of about AED 11,400 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 13 May 2024.

Questions about 310, Ritz Residence

What did unit 310 last sell for?

AED 430,000 on 13 May 2024: AED 539 per sqft for 796 sqft. The unit has 4 registered sales; the first was AED 660,000 in July 2014.

What is the rent for unit 310?

AED 32,500 a year on the contract signed on 14 February 2024. The previous contract, from February 2023, was AED 30,000; the unit has been rented since May 2016.

How big is unit 310?

796 sqft (74.0 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 310 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 310, Ritz Residence

Starts from the last sale price (AED 430K, 13 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 430,000
Deposit, UAE resident (20%)
AED 86,000
Deposit, non-resident (40%)
AED 172,000
Monthly over 25 years at 3.7%
AED 1,759

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