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Studio · 417 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

320, Ritz Residence

Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 320 · DLD and Ejari recordsUpdated 27 February 2024
Last soldAED 320K27 February 2024
Current rentAED 25K /yr4 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 320, Ritz Residence

What is 320 worth today?

Last sold for AED 320,000 in 2024

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27 Feb 2024SoldReady
AED 320,000AED 766 per sqft
4 Oct 2022RentedNew contract
AED 25,000/yr12 months · AED 60 per sqft
23 Sep 2022SoldReady
AED 245,000AED 587 per sqft
1 Jul 2021RentedNew contract
AED 21,000/yr12 months · AED 50 per sqft
20 Sep 2019RentedRenewal
AED 30,000/yr12 months · AED 71 per sqft
20 Sep 2018RentedNew contract
AED 33,000/yr12 months · AED 79 per sqft
26 Aug 2017RentedNew contract
AED 37,500/yr12 months · AED 90 per sqft
10 Jun 2013RentedNew contract
AED 24,862/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 27 February 2024.

Key facts

Type
Studio apartment
Size
417 sqft
Floor
3rd of 7
Parking
B2-70
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,000 /yr
Last sold
AED 320K · February 2024
Building
Ritz Residence

About 320, Ritz Residence

320 is a studio of 417 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 27 February 2024 for AED 320,000, or AED 766 per sqft, 32% above the AED 580 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 4 October 2022, is AED 25,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 6,000 a year.

Sales and rents for 320 over time

Sales
Unit 320, each saleTypical studio in Ritz Residence
200K300K400K2011201520192023Typical 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, August 2012: AED 213,946 (AED 512 per sqft)Sold, September 2022: AED 245,000 (AED 587 per sqft)Sold, February 2024: AED 320,000 (AED 766 per sqft)

320 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 320, 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, June 2012: AED 21,000 a yearNew contract, June 2013: AED 24,862 a yearNew contract, August 2017: AED 37,500 a yearNew contract, September 2018: AED 33,000 a yearRenewal, September 2019: AED 30,000 a yearNew contract, July 2021: AED 21,000 a yearNew contract, October 2022: AED 25,000 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 320 sits

All 75 studios →

320 last sold in February 2024 at AED 766 per sqft, 32% above what studios in Ritz Residence were fetching at the time (AED 580). 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. 320's AED 25,000 is at the bottom 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

320, Ritz Residence in numbers

  • Sold 3 times: first on 1 August 2012 for AED 213,946, last on 27 February 2024 for AED 320,000 (AED 766 per sqft).
  • Rented since June 2012 on 7 Ejari contracts, from AED 21,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 6,000 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 27 February 2024.

Questions about 320, Ritz Residence

What did unit 320 last sell for?

AED 320,000 on 27 February 2024: AED 766 per sqft for 417 sqft. The unit has 3 registered sales; the first was AED 213,946 in August 2012.

What is the rent for unit 320?

AED 25,000 a year on the contract signed on 4 October 2022. The previous contract, from July 2021, was AED 21,000; the unit has been rented since June 2012.

How big is unit 320?

417 sqft (38.7 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 320 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 320, Ritz Residence

Starts from the last sale price (AED 320K, 27 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

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