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1-bed · 802 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

416, Ritz Residence

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 416 · DLD and Ejari recordsUpdated 14 May 2024
Last soldAED 400K14 May 2024
Current rentAED 28K /yr6 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 416, Ritz Residence

What is 416 worth today?

Last sold for AED 400,000 in 2024

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14 May 2024SoldReady
AED 400,000AED 498 per sqft
6 Jan 2024RentedNew contract
AED 28,000/yr12 months · AED 35 per sqft
10 Nov 2019RentedNew contract
AED 40,000/yr12 months · AED 50 per sqft
10 Nov 2017RentedNew contract
AED 47,000/yr12 months · AED 59 per sqft
8 May 2015RentedNew contract
AED 53,000/yr12 months · AED 66 per sqft
1 May 2014RentedNew contract
AED 37,000/yr12 months · AED 46 per sqft
1 May 2013RentedNew contract
AED 34,000/yr12 months · AED 42 per sqft
1 Oct 2012Sold by developerReady
AED 561,715AED 699 per sqft

Source: Dubai Land Department. Updated 14 May 2024.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
4th of 7
Parking
B2-90
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,500 /yr
Last sold
AED 400K · May 2024
Building
Ritz Residence

About 416, Ritz Residence

416 is a one-bedroom apartment of 802 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 14 May 2024 for AED 400,000, or AED 498 per sqft, 4% above the AED 481 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 6 January 2024, is AED 28,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 11,500 a year.

Sales and rents for 416 over time

Sales
Unit 416, 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, October 2012: AED 561,715 (AED 699 per sqft)Sold, May 2024: AED 400,000 (AED 498 per sqft)

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

Rents
Unit 416, each contractTypical one-bed in Ritz Residence
40K2012201620202024Typical 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, May 2013: AED 34,000 a yearNew contract, May 2014: AED 37,000 a yearNew contract, May 2015: AED 53,000 a yearNew contract, November 2017: AED 47,000 a yearNew contract, November 2019: AED 40,000 a yearNew contract, January 2024: AED 28,000 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 416 sits

All 75 1-beds →

416 last sold in May 2024 at AED 498 per sqft, 4% above what one-beds in Ritz Residence were fetching at the time (AED 481). 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. 416's AED 28,000 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 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

416, Ritz Residence in numbers

  • Sold twice: first on 1 October 2012 for AED 561,715, last on 14 May 2024 for AED 400,000 (AED 498 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, from AED 34,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 11,500 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 May 2024.

Questions about 416, Ritz Residence

What did unit 416 last sell for?

AED 400,000 on 14 May 2024: AED 498 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 561,715 in October 2012.

What is the rent for unit 416?

AED 28,000 a year on the contract signed on 6 January 2024. The previous contract, from November 2019, was AED 40,000; the unit has been rented since May 2013.

How big is unit 416?

802 sqft (74.5 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 416 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 416, Ritz Residence

Starts from the last sale price (AED 400K, 14 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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