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1-bed · 827 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

409, Ritz Residence

Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 31 May 2026
Last soldAED 360K13 July 2023
Current rentAED 49K /yr31 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Ritz Residence

What is 409 worth today?

Last sold for AED 360,000 in 2023

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31 May 2026RentedRenewal
AED 49,000/yr12 months · AED 59 per sqft
31 May 2025RentedNew contract
AED 49,000/yr12 months · AED 59 per sqft
27 Jul 2023RentedNew contract
AED 36,000/yr12 months · AED 44 per sqft
13 Jul 2023Sold by developerReady
AED 360,000AED 435 per sqft
1 Dec 2022RentedNew contract
AED 30,000/yr12 months · AED 36 per sqft
10 Jan 2020RentedNew contract
AED 33,000/yr12 months · AED 40 per sqft
20 Jun 2019RentedNew contract
AED 36,000/yr12 months · AED 44 per sqft
20 Jun 2018RentedNew contract
AED 45,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 31 May 2026.

Key facts

Type
1-bed apartment
Size
827 sqft
Floor
4th of 7
Parking
B2-83
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,800 /yr
Last sold
AED 360K · July 2023
Building
Ritz Residence

About 409, Ritz Residence

409 is a one-bedroom apartment of 827 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 13 July 2023 for AED 360,000, or AED 435 per sqft, 6% below the AED 464 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 31 May 2026, is AED 49,000 a year: a gross yield of 13.6% on the 2023 price, before the service charge of about AED 11,800 a year.

Sales and rents for 409 over time

Sales
Unit 409, 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, July 2023: AED 360,000 (AED 435 per sqft)

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

Rents
Unit 409, 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, June 2018: AED 45,000 a yearNew contract, June 2019: AED 36,000 a yearNew contract, January 2020: AED 33,000 a yearNew contract, December 2022: AED 30,000 a yearNew contract, July 2023: AED 36,000 a yearNew contract, May 2025: AED 49,000 a yearRenewal, May 2026: AED 49,000 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 409 sits

All 75 1-beds →

409 last sold in July 2023 at AED 435 per sqft, 6% below what one-beds in Ritz Residence were fetching at the time (AED 464). 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. 409's AED 49,000 is in the upper 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 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
406StudioAED 370K · Oct 2012
407StudioAED 365K · Aug 2016
1–7 of 23

409, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 13 July 2023 for AED 360,000, or AED 435 per sqft.
  • Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 45,000 to AED 30,000 in 2022 and recovered to AED 49,000 by May 2026.
  • At AED 49,000 a year the gross yield on the 2023 price is 13.6%, before a service charge of about AED 11,800 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 31 May 2026.

Questions about 409, Ritz Residence

What did unit 409 last sell for?

AED 360,000 on 13 July 2023, sold by the developer: AED 435 per sqft for 827 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 49,000 a year on the contract renewed on 31 May 2026. The previous contract, from May 2025, was AED 49,000; the unit has been rented since June 2018.

How big is unit 409?

827 sqft (76.8 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 409 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 409, Ritz Residence

Starts from the last sale price (AED 360K, 13 July 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 →