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1-bed · 788 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

418, Ritz Residence

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 418 · DLD and Ejari recordsUpdated 14 February 2023
Last soldAED 385K14 February 2023
Current rentAED 30K /yr11 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 418, Ritz Residence

What is 418 worth today?

Last sold for AED 385,000 in 2023

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14 Feb 2023SoldReady
AED 385,000AED 488 per sqft
11 Aug 2020RentedNew contract
AED 30,000/yr12 months · AED 38 per sqft
4 Jan 2020RentedNew contract
AED 42,000/yr12 months · AED 53 per sqft
5 Jan 2018RentedNew contract
AED 47,000/yr12 months · AED 60 per sqft
1 May 2017RentedNew contract
AED 51,861/yr12 months · AED 66 per sqft
2 May 2016RentedRenewal
AED 48,000/yr12 months · AED 61 per sqft
2 May 2015RentedRenewal
AED 45,000/yr12 months · AED 57 per sqft
30 Apr 2014RentedNew contract
AED 39,779/yr12 months · AED 51 per sqft

Source: Dubai Land Department. Updated 14 February 2023.

Key facts

Type
1-bed apartment
Size
788 sqft
Floor
4th of 7
Parking
B2-92
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,300 /yr
Last sold
AED 385K · February 2023
Building
Ritz Residence

About 418, Ritz Residence

418 is a one-bedroom apartment of 788 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 February 2023 for AED 385,000, or AED 488 per sqft, 11% above the AED 439 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 11 August 2020, is AED 30,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 11,300 a year.

Sales and rents for 418 over time

Sales
Unit 418, 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, February 2012: AED 630,000 (AED 799 per sqft)Sold, February 2023: AED 385,000 (AED 488 per sqft)

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

Rents
Unit 418, 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, April 2014: AED 39,779 a yearRenewal, May 2015: AED 45,000 a yearRenewal, May 2016: AED 48,000 a yearNew contract, May 2017: AED 51,861 a yearNew contract, January 2018: AED 47,000 a yearNew contract, January 2020: AED 42,000 a yearNew contract, August 2020: AED 30,000 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 418 sits

All 75 1-beds →

418 last sold in February 2023 at AED 488 per sqft, 11% above what one-beds in Ritz Residence were fetching at the time (AED 439). 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. 418's AED 30,000 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 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

418, Ritz Residence in numbers

  • Sold twice: first on 20 February 2012 for AED 630,000, last on 14 February 2023 for AED 385,000 (AED 488 per sqft).
  • Rented since April 2014 on 7 Ejari contracts, from AED 39,779 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 11,300 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 February 2023.

Questions about 418, Ritz Residence

What did unit 418 last sell for?

AED 385,000 on 14 February 2023: AED 488 per sqft for 788 sqft. The unit has 2 registered sales; the first was AED 630,000 in February 2012.

What is the rent for unit 418?

AED 30,000 a year on the contract signed on 11 August 2020. The previous contract, from January 2020, was AED 42,000; the unit has been rented since April 2014.

How big is unit 418?

788 sqft (73.2 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 418 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 418, Ritz Residence

Starts from the last sale price (AED 385K, 14 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 385,000
Deposit, UAE resident (20%)
AED 77,000
Deposit, non-resident (40%)
AED 154,000
Monthly over 25 years at 3.7%
AED 1,575

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