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1-bed · 761 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

312, Ritz Residence

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 9 July 2026
Last soldAED 440K5 November 2024
Current rentAED 42K /yr9 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Ritz Residence

What is 312 worth today?

Last sold for AED 440,000 in 2024

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9 Jul 2026RentedNew contract
AED 42,000/yr12 months · AED 55 per sqft
5 Nov 2024SoldReady
AED 440,000AED 578 per sqft
1 Jul 2024RentedNew contract
AED 32,000/yr12 months · AED 42 per sqft
1 Jul 2023RentedRenewal
AED 28,750/yr12 months · AED 38 per sqft
1 Jul 2022RentedRenewal
AED 25,000/yr12 months · AED 33 per sqft
1 Jul 2021RentedRenewal
AED 25,000/yr12 months · AED 33 per sqft
1 Jul 2020RentedNew contract
AED 25,000/yr12 months · AED 33 per sqft
2 Aug 2019RentedRenewal
AED 44,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 9 July 2026.

Key facts

Type
1-bed apartment
Size
761 sqft
Floor
3rd of 7
Parking
B2-62
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 10,900 /yr
Last sold
AED 440K · November 2024
Building
Ritz Residence

About 312, Ritz Residence

312 is a one-bedroom apartment of 761 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 5 November 2024 for AED 440,000, or AED 578 per sqft, 7% above the AED 539 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 9 July 2026, is AED 42,000 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 10,900 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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 2015: AED 600,000 (AED 788 per sqft)Sold, November 2024: AED 440,000 (AED 578 per sqft)

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

Rents
Unit 312, 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, August 2017: AED 52,000 a yearNew contract, August 2018: AED 46,874 a yearRenewal, August 2019: AED 44,000 a yearNew contract, July 2020: AED 25,000 a yearRenewal, July 2021: AED 25,000 a yearRenewal, July 2022: AED 25,000 a yearRenewal, July 2023: AED 28,750 a yearNew contract, July 2024: AED 32,000 a yearNew contract, July 2026: AED 42,000 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 312 sits

All 75 1-beds →

312 last sold in November 2024 at AED 578 per sqft, 7% above what one-beds in Ritz Residence were fetching at the time (AED 539). 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. 312's AED 42,000 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 40K /yr
Typical yield
8.3%
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

312, Ritz Residence in numbers

  • Sold twice: first on 15 July 2015 for AED 600,000, last on 5 November 2024 for AED 440,000 (AED 578 per sqft).
  • Rented since August 2017 on 9 Ejari contracts. The rent fell from AED 52,000 to AED 25,000 in 2022 and recovered to AED 42,000 by July 2026.
  • At AED 42,000 a year the gross yield on the 2024 price is 9.6%, before a service charge of about AED 10,900 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 9 July 2026.

Questions about 312, Ritz Residence

What did unit 312 last sell for?

AED 440,000 on 5 November 2024: AED 578 per sqft for 761 sqft. The unit has 2 registered sales; the first was AED 600,000 in July 2015.

What is the rent for unit 312?

AED 42,000 a year on the contract signed on 9 July 2026. The previous contract, from July 2024, was AED 32,000; the unit has been rented since August 2017.

How big is unit 312?

761 sqft (70.7 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 312 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 312, Ritz Residence

Starts from the last sale price (AED 440K, 5 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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