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Studio · 479 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

408, Ritz Residence

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

Unit 408 · DLD and Ejari recordsUpdated 25 August 2026
Last soldAED 366K16 September 2012
Current rentAED 32K /yr25 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Ritz Residence

What is 408 worth today?

Last sold for AED 366,000 in 2012

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25 Aug 2026RentedNew contract
AED 31,500/yr12 months · AED 66 per sqft
25 Aug 2025RentedRenewal
AED 31,500/yr12 months · AED 66 per sqft
25 Aug 2024RentedRenewal
AED 31,500/yr12 months · AED 66 per sqft
25 Aug 2023RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
1 Jul 2020RentedNew contract
AED 24,000/yr12 months · AED 50 per sqft
1 Jun 2019RentedNew contract
AED 28,000/yr12 months · AED 58 per sqft
20 Mar 2017RentedNew contract
AED 38,895/yr12 months · AED 81 per sqft
4 Oct 2012RentedNew contract
AED 24,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 25 August 2026.

Key facts

Type
Studio apartment
Size
479 sqft
Floor
4th of 7
Parking
B2-82
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 366K · September 2012
Building
Ritz Residence

About 408, Ritz Residence

408 is a studio of 479 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 16 September 2012 for AED 366,000, or AED 763 per sqft, 7% below the AED 819 studios in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 25 August 2026, is AED 31,500 a year: a gross yield of 8.6% on the 2012 price, before the service charge of about AED 6,900 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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, September 2012: AED 366,000 (AED 763 per sqft)

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

Rents
Unit 408, 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, October 2012: AED 24,000 a yearNew contract, March 2017: AED 38,895 a yearNew contract, June 2019: AED 28,000 a yearNew contract, July 2020: AED 24,000 a yearNew contract, August 2023: AED 30,000 a yearRenewal, August 2024: AED 31,500 a yearRenewal, August 2025: AED 31,500 a yearNew contract, August 2026: AED 31,500 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 408 sits

All 75 studios →

408 last sold in September 2012 at AED 763 per sqft, 7% below what studios in Ritz Residence were fetching at the time (AED 819). 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. 408's AED 31,500 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
407StudioAED 365K · Aug 2016
1–7 of 23

408, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 16 September 2012 for AED 366,000, or AED 763 per sqft.
  • Rented since October 2012 on 8 Ejari contracts, from AED 24,000 to AED 31,500 a year.
  • At AED 31,500 a year the gross yield on the 2012 price is 8.6%, before a service charge of about AED 6,900 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 25 August 2026.

Questions about 408, Ritz Residence

What did unit 408 last sell for?

AED 366,000 on 16 September 2012, sold by the developer: AED 763 per sqft for 479 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 31,500 a year on the contract signed on 25 August 2026. The previous contract, from August 2025, was AED 31,500; the unit has been rented since October 2012.

How big is unit 408?

479 sqft (44.5 sqm): a studio on the 4th floor of a 7-storey tower completed in 2009.

What is unit 408 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 408, Ritz Residence

Starts from the last sale price (AED 366K, 16 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 366,000
Deposit, UAE resident (20%)
AED 73,200
Deposit, non-resident (40%)
AED 146,400
Monthly over 25 years at 3.7%
AED 1,497

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