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Studio · 434 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

406, Ritz Residence

Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 15 December 2020
Last soldAED 370K18 October 2012
Current rentAED 20K /yr15 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Ritz Residence

What is 406 worth today?

Last sold for AED 370,000 in 2012

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15 Dec 2020RentedNew contract
AED 19,946/yr12 months · AED 46 per sqft
20 Sep 2016RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
8 May 2016RentedRenewal
AED 40,000/yr12 months · AED 93 per sqft
3 Feb 2016RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
8 May 2015RentedRenewal
AED 40,000/yr12 months · AED 93 per sqft
8 May 2014RentedNew contract
AED 40,000/yr12 months · AED 93 per sqft
6 May 2013RentedNew contract
AED 25,000/yr12 months · AED 58 per sqft
18 Oct 2012Sold by developerReady
AED 370,000AED 852 per sqft

Source: Dubai Land Department. Updated 15 December 2020.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
4th of 7
Parking
B2-80
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 370K · October 2012
Building
Ritz Residence

About 406, Ritz Residence

406 is a studio of 434 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 18 October 2012 for AED 370,000, or AED 852 per sqft, in line with the AED 834 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 15 December 2020, is AED 19,946 a year: a gross yield of 5.4% on the 2012 price, before the service charge of about AED 6,200 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, October 2012: AED 370,000 (AED 852 per sqft)

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

Rents
Unit 406, 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, May 2013: AED 25,000 a yearNew contract, May 2014: AED 40,000 a yearRenewal, May 2015: AED 40,000 a yearNew contract, February 2016: AED 40,000 a yearRenewal, May 2016: AED 40,000 a yearNew contract, September 2016: AED 40,000 a yearNew contract, December 2020: AED 19,946 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 406 sits

All 75 studios →

406 last sold in October 2012 at AED 852 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 834). 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. 406's AED 19,946 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 40K /yr
Typical yield
8.3%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 4th floor

All 150 units in Ritz Residence
Value
4011-bedAED 360K · Aug 2023
402StudioAED 230K · Oct 2022
403StudioAED 210K · Aug 2014
404StudioAED 329K · Apr 2024
405StudioAED 425K · Sep 2025
407StudioAED 365K · Aug 2016
408StudioAED 366K · Sep 2012
1–7 of 23

406, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 18 October 2012 for AED 370,000, or AED 852 per sqft.
  • Rented since May 2013 on 7 Ejari contracts, from AED 25,000 to AED 19,946 a year.
  • At AED 19,946 a year the gross yield on the 2012 price is 5.4%, 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 15 December 2020.

Questions about 406, Ritz Residence

What did unit 406 last sell for?

AED 370,000 on 18 October 2012, sold by the developer: AED 852 per sqft for 434 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 19,946 a year on the contract signed on 15 December 2020. The previous contract, from September 2016, was AED 40,000; the unit has been rented since May 2013.

How big is unit 406?

434 sqft (40.3 sqm): a studio on the 4th floor of a 7-storey tower completed in 2009.

What is unit 406 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 406, Ritz Residence

Starts from the last sale price (AED 370K, 18 October 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 →