Home
Dubai prices
About
Research
1-bed · 907 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

315, Ritz Residence

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 315 · DLD and Ejari recordsUpdated 17 December 2024
Last soldAED 475K17 December 2024
Current rentAED 30K /yr13 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 315

Property timeline for 315, Ritz Residence

What is 315 worth today?

Last sold for AED 475,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

17 Dec 2024SoldReady
AED 475,000AED 523 per sqft
13 Sep 2021RentedNew contract
AED 30,000/yr12 months · AED 33 per sqft
1 Jul 2020RentedNew contract
AED 30,000/yr12 months · AED 33 per sqft
25 May 2018RentedNew contract
AED 44,879/yr12 months · AED 50 per sqft
15 Jul 2015Sold by developerReady
AED 630,000AED 694 per sqft
1 Sep 2014RentedNew contract
AED 32,000/yr12 months · AED 35 per sqft

Source: Dubai Land Department. Updated 17 December 2024.

Key facts

Type
1-bed apartment
Size
907 sqft
Floor
3rd of 7
Parking
B2-65
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 13,000 /yr
Last sold
AED 475K · December 2024
Building
Ritz Residence

About 315, Ritz Residence

315 is a one-bedroom apartment of 907 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 17 December 2024 for AED 475,000, or AED 523 per sqft, 5% below the AED 550 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 13 September 2021, is AED 30,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 13,000 a year.

Sales and rents for 315 over time

Sales
Unit 315, 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 630,000 (AED 694 per sqft)Sold, December 2024: AED 475,000 (AED 523 per sqft)

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

Rents
Unit 315, 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, September 2014: AED 32,000 a yearNew contract, May 2018: AED 44,879 a yearNew contract, July 2020: AED 30,000 a yearNew contract, September 2021: AED 30,000 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 315 sits

All 75 1-beds →

315 last sold in December 2024 at AED 523 per sqft, 5% below what one-beds in Ritz Residence were fetching at the time (AED 550). 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. 315's AED 30,000 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

315, Ritz Residence in numbers

  • Sold twice: first on 15 July 2015 for AED 630,000, last on 17 December 2024 for AED 475,000 (AED 523 per sqft).
  • Rented since September 2014 on 4 Ejari contracts, from AED 32,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 13,000 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 17 December 2024.

Questions about 315, Ritz Residence

What did unit 315 last sell for?

AED 475,000 on 17 December 2024: AED 523 per sqft for 907 sqft. The unit has 2 registered sales; the first was AED 630,000 in July 2015.

What is the rent for unit 315?

AED 30,000 a year on the contract signed on 13 September 2021. The previous contract, from July 2020, was AED 30,000; the unit has been rented since September 2014.

How big is unit 315?

907 sqft (84.3 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 315 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.

Selling 315? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 315, Ritz Residence

Starts from the last sale price (AED 475K, 17 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

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