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1-bed · 791 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

401, Ritz Residence

Sold prices and rental history: sold once, by the developer in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 14 August 2023
Last soldAED 360K14 August 2023
Current rentAED 32K /yr21 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, Ritz Residence

What is 401 worth today?

Last sold for AED 360,000 in 2023

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14 Aug 2023Sold by developerReady
AED 360,000AED 454 per sqft
21 Jun 2022RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft
1 Jun 2021RentedNew contract
AED 51,000/yr12 months · AED 64 per sqft
5 Aug 2020RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft
31 Jan 2018RentedNew contract
AED 46,722/yr12 months · AED 59 per sqft
31 Jan 2017RentedNew contract
AED 46,584/yr12 months · AED 59 per sqft
1 Feb 2015RentedNew contract
AED 45,000/yr12 months · AED 56 per sqft
1 Jan 2013RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 14 August 2023.

Key facts

Type
1-bed apartment
Size
791 sqft
Floor
4th of 7
Parking
B2-75
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,300 /yr
Last sold
AED 360K · August 2023
Building
Ritz Residence

About 401, Ritz Residence

401 is a one-bedroom apartment of 791 sqft on the 4th 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 14 August 2023 for AED 360,000, or AED 454 per sqft, in line with the AED 465 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 21 June 2022, is AED 32,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 11,300 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, August 2023: AED 360,000 (AED 454 per sqft)

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

Rents
Unit 401, 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, January 2013: AED 32,000 a yearNew contract, February 2015: AED 45,000 a yearNew contract, January 2017: AED 46,584 a yearNew contract, January 2018: AED 46,722 a yearNew contract, August 2020: AED 32,000 a yearNew contract, June 2021: AED 51,000 a yearNew contract, June 2022: AED 32,000 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 401 sits

All 75 1-beds →

401 last sold in August 2023 at AED 454 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 465). 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. 401's AED 32,000 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 41K /yr
Typical yield
8.2%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 4th floor

All 150 units in Ritz Residence
Value
402StudioAED 230K · Oct 2022
403StudioAED 210K · Aug 2014
404StudioAED 329K · Apr 2024
405StudioAED 425K · Sep 2025
406StudioAED 370K · Oct 2012
407StudioAED 365K · Aug 2016
408StudioAED 366K · Sep 2012
1–7 of 23

401, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 14 August 2023 for AED 360,000, or AED 454 per sqft.
  • Rented since January 2013 on 7 Ejari contracts, at AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2023 price is 8.9%, 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 14 August 2023.

Questions about 401, Ritz Residence

What did unit 401 last sell for?

AED 360,000 on 14 August 2023, sold by the developer: AED 454 per sqft for 791 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 32,000 a year on the contract signed on 21 June 2022. The previous contract, from June 2021, was AED 51,000; the unit has been rented since January 2013.

How big is unit 401?

791 sqft (73.5 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 401 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 401, Ritz Residence

Starts from the last sale price (AED 360K, 14 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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