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1-bed · 788 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

318, Ritz Residence

Sold prices and rental history: sold twice, last in February 2018, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 17 January 2025
Last soldAED 415K7 February 2018
Current rentAED 40K /yr17 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, Ritz Residence

What is 318 worth today?

Last sold for AED 415,000 in 2018

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17 Jan 2025RentedNew contract
AED 40,000/yr12 months · AED 51 per sqft
18 Jan 2023RentedNew contract
AED 33,500/yr12 months · AED 43 per sqft
14 Dec 2020RentedNew contract
AED 28,000/yr12 months · AED 36 per sqft
7 Feb 2018SoldReady
AED 415,000AED 526 per sqft
25 Jun 2016RentedNew contract
AED 55,000/yr12 months · AED 70 per sqft
1 Sep 2015RentedRenewal
AED 55,000/yr12 months · AED 70 per sqft
1 Sep 2014RentedNew contract
AED 53,000/yr12 months · AED 67 per sqft
29 Dec 2011Sold by developerReady
AED 655,000AED 831 per sqft

Source: Dubai Land Department. Updated 17 January 2025.

Key facts

Type
1-bed apartment
Size
788 sqft
Floor
3rd of 7
Parking
B2-68, B1-75
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,300 /yr
Last sold
AED 415K · February 2018
Building
Ritz Residence

About 318, Ritz Residence

318 is a one-bedroom apartment of 788 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 7 February 2018 for AED 415,000, or AED 526 per sqft.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 17 January 2025, is AED 40,000 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 11,300 a year.

Sales and rents for 318 over time

Sales
Unit 318, 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, December 2011: AED 655,000 (AED 831 per sqft)Sold, February 2018: AED 415,000 (AED 526 per sqft)

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

Rents
Unit 318, 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, September 2014: AED 53,000 a yearRenewal, September 2015: AED 55,000 a yearNew contract, June 2016: AED 55,000 a yearNew contract, December 2020: AED 28,000 a yearNew contract, January 2023: AED 33,500 a yearNew contract, January 2025: AED 40,000 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 318 sits

All 75 1-beds →

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. 318's AED 40,000 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

318, Ritz Residence in numbers

  • Sold twice: first on 29 December 2011 for AED 655,000, last on 7 February 2018 for AED 415,000 (AED 526 per sqft).
  • Rented since September 2014 on 6 Ejari contracts. The rent fell from AED 53,000 to AED 28,000 in 2020 and recovered to AED 40,000 by January 2025.
  • At AED 40,000 a year the gross yield on the 2018 price is 9.6%, 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 17 January 2025.

Questions about 318, Ritz Residence

What did unit 318 last sell for?

AED 415,000 on 7 February 2018: AED 526 per sqft for 788 sqft. The unit has 2 registered sales; the first was AED 655,000 in December 2011.

What is the rent for unit 318?

AED 40,000 a year on the contract signed on 17 January 2025. The previous contract, from January 2023, was AED 33,500; the unit has been rented since September 2014.

How big is unit 318?

788 sqft (73.2 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 318 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 318, Ritz Residence

Starts from the last sale price (AED 415K, 7 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

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