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

407, Ritz Residence

Sold prices and rental history: sold twice, last in August 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 15 February 2026
Last soldAED 365K24 August 2016
Current rentAED 42K /yr15 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Ritz Residence

What is 407 worth today?

Last sold for AED 365,000 in 2016

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15 Feb 2026RentedNew contract
AED 42,000/yr12 months · AED 97 per sqft
13 Feb 2024RentedNew contract
AED 34,000/yr12 months · AED 79 per sqft
1 Oct 2020RentedNew contract
AED 21,000/yr13 months · AED 49 per sqft
15 Jul 2020RentedNew contract
AED 20,500/yr12 months · AED 48 per sqft
1 Mar 2020RentedNew contract
AED 24,000/yr12 months · AED 56 per sqft
1 Dec 2019RentedNew contract
AED 24,000/yr12 months · AED 56 per sqft
24 Aug 2016SoldReady
AED 365,000AED 841 per sqft
31 Jan 2012Sold by developerReady
AED 388,000AED 894 per sqft

Source: Dubai Land Department. Updated 15 February 2026.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
4th of 7
Parking
B2-81
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 365K · August 2016
Building
Ritz Residence

About 407, Ritz Residence

407 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. It last sold on 24 August 2016 for AED 365,000, or AED 841 per sqft, in line with the AED 858 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 15 February 2026, is AED 42,000 a year: a gross yield of 11.5% on the 2016 price, before the service charge of about AED 6,200 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, January 2012: AED 388,000 (AED 894 per sqft)Sold, August 2016: AED 365,000 (AED 841 per sqft)

407 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 407, 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, December 2019: AED 24,000 a yearNew contract, March 2020: AED 24,000 a yearNew contract, July 2020: AED 20,500 a yearNew contract, October 2020: AED 21,000 a yearNew contract, February 2024: AED 34,000 a yearNew contract, February 2026: AED 42,000 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 407 sits

All 75 studios →

407 last sold in August 2016 at AED 841 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 858). 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. 407's AED 42,000 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 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
406StudioAED 370K · Oct 2012
408StudioAED 366K · Sep 2012
1–7 of 23

407, Ritz Residence in numbers

  • Sold twice: first on 31 January 2012 for AED 388,000, last on 24 August 2016 for AED 365,000 (AED 841 per sqft).
  • Rented since December 2019 on 6 Ejari contracts. The rent fell from AED 24,000 to AED 20,500 in 2020 and recovered to AED 42,000 by February 2026.
  • At AED 42,000 a year the gross yield on the 2016 price is 11.5%, 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 February 2026.

Questions about 407, Ritz Residence

What did unit 407 last sell for?

AED 365,000 on 24 August 2016: AED 841 per sqft for 434 sqft. The unit has 2 registered sales; the first was AED 388,000 in January 2012.

What is the rent for unit 407?

AED 42,000 a year on the contract signed on 15 February 2026. The previous contract, from February 2024, was AED 34,000; the unit has been rented since December 2019.

How big is unit 407?

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

What is unit 407 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 407, Ritz Residence

Starts from the last sale price (AED 365K, 24 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 365,000
Deposit, UAE resident (20%)
AED 73,000
Deposit, non-resident (40%)
AED 146,000
Monthly over 25 years at 3.7%
AED 1,493

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