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Studio · 433 sqftRitz Residence, International City Phase 2 & 3 · 3rd floor · completed 2009

323, Ritz Residence

Sold prices and rental history: sold once, by the developer in August 2012, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 323 · DLD and Ejari recordsUpdated 2 January 2025
Last soldAED 370K1 August 2012
Current rentAED 26K /yr2 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 323, Ritz Residence

What is 323 worth today?

Last sold for AED 370,000 in 2012

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2 Jan 2025RentedRenewal
AED 26,000/yr12 months · AED 60 per sqft
2 Jan 2025RentedRenewal
AED 26,000/yr12 months · AED 60 per sqft
1 Jan 2024RentedNew contract
AED 25,930/yr12 months · AED 60 per sqft
1 Aug 2012Sold by developerReady
AED 370,000AED 854 per sqft

Source: Dubai Land Department. Updated 2 January 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
3rd of 7
Parking
B2-73
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 370K · August 2012
Building
Ritz Residence

About 323, Ritz Residence

323 is a studio of 433 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. The developer sold it on 1 August 2012 for AED 370,000, or AED 854 per sqft, in line with the AED 841 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 2 January 2025, is AED 26,000 a year: a gross yield of 7.0% on the 2012 price, before the service charge of about AED 6,200 a year.

Sales and rents for 323 over time

Sales
Unit 323, each saleTypical studio in Ritz Residence
300K400K2011201520192023Typical 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 370,000 (AED 854 per sqft)

323 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 323, 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, January 2024: AED 25,930 a yearRenewal, January 2025: AED 26,000 a yearRenewal, January 2025: AED 26,000 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 323 sits

All 75 studios →

323 last sold in August 2012 at AED 854 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 841). 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. 323's AED 26,000 is in the lower half 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

323, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 1 August 2012 for AED 370,000, or AED 854 per sqft.
  • Rented since January 2024 on 3 Ejari contracts, from AED 25,930 to AED 26,000 a year.
  • At AED 26,000 a year the gross yield on the 2012 price is 7.0%, before a service charge of about AED 6,200 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 2 January 2025.

Questions about 323, Ritz Residence

What did unit 323 last sell for?

AED 370,000 on 1 August 2012, sold by the developer: AED 854 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 323?

AED 26,000 a year on the contract renewed on 2 January 2025. The previous contract, from January 2025, was AED 26,000; the unit has been rented since January 2024.

How big is unit 323?

433 sqft (40.2 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 323 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 323, Ritz Residence

Starts from the last sale price (AED 370K, 1 August 2012). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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