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1-bed · 883 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

419, Ritz Residence

Sold prices and rental history: sold once, by the developer in February 2012, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 419 · DLD and Ejari recordsUpdated 1 December 2021
Last soldAED 720K20 February 2012
Current rentAED 30K /yr1 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 419, Ritz Residence

What is 419 worth today?

Last sold for AED 720,000 in 2012

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1 Dec 2021RentedNew contract
AED 29,920/yr12 months · AED 34 per sqft
1 Nov 2017RentedNew contract
AED 46,000/yr12 months · AED 52 per sqft
20 Feb 2012Sold by developerReady
AED 720,000AED 815 per sqft

Source: Dubai Land Department. Updated 1 December 2021.

Key facts

Type
1-bed apartment
Size
883 sqft
Floor
4th of 7
Parking
B2-93
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 12,600 /yr
Last sold
AED 720K · February 2012
Building
Ritz Residence

About 419, Ritz Residence

419 is a one-bedroom apartment of 883 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 20 February 2012 for AED 720,000, or AED 815 per sqft, in line with the AED 807 one-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 1 December 2021, is AED 29,920 a year: a gross yield of 4.2% on the 2012 price, before the service charge of about AED 12,600 a year.

Sales and rents for 419 over time

Sales
Unit 419, 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 720,000 (AED 815 per sqft)

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

Rents
Unit 419, 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, November 2017: AED 46,000 a yearNew contract, December 2021: AED 29,920 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 419 sits

All 75 1-beds →

419 last sold in February 2012 at AED 815 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 807). 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. 419's AED 29,920 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

419, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 20 February 2012 for AED 720,000, or AED 815 per sqft.
  • Rented since November 2017 on 2 Ejari contracts, from AED 46,000 to AED 29,920 a year.
  • At AED 29,920 a year the gross yield on the 2012 price is 4.2%, before a service charge of about AED 12,600 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 1 December 2021.

Questions about 419, Ritz Residence

What did unit 419 last sell for?

AED 720,000 on 20 February 2012, sold by the developer: AED 815 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 419?

AED 29,920 a year on the contract signed on 1 December 2021. The previous contract, from November 2017, was AED 46,000.

How big is unit 419?

883 sqft (82.0 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 419 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 419, Ritz Residence

Starts from the last sale price (AED 720K, 20 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

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