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Studio · 433 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

423, Ritz Residence

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

Unit 423 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 355K6 November 2024
Current rentAED 36K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 423, Ritz Residence

What is 423 worth today?

Last sold for AED 355,000 in 2024

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1 Jan 2026RentedRenewal
AED 36,000/yr12 months · AED 83 per sqft
1 Jan 2025RentedNew contract
AED 33,000/yr12 months · AED 76 per sqft
1 Jan 2025RentedNew contract
AED 33,000/yr12 months · AED 76 per sqft
6 Nov 2024SoldReady
AED 355,000AED 820 per sqft
1 Jan 2024RentedNew contract
AED 30,000/yr12 months · AED 70 per sqft
1 Sep 2017RentedNew contract
AED 34,000/yr12 months · AED 79 per sqft
1 Jun 2013RentedNew contract
AED 26,000/yr12 months · AED 60 per sqft
4 Dec 2012Sold by developerReady
AED 380,000AED 877 per sqft

Source: Dubai Land Department. Updated 1 January 2026.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
4th of 7
Parking
B1-01
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,200 /yr
Last sold
AED 355K · November 2024
Building
Ritz Residence

About 423, Ritz Residence

423 is a studio of 433 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 6 November 2024 for AED 355,000, or AED 820 per sqft, 14% above the AED 721 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 January 2026, is AED 36,000 a year: a gross yield of 10.1% on the 2024 price, before the service charge of about AED 6,200 a year.

Sales and rents for 423 over time

Sales
Unit 423, 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, December 2012: AED 380,000 (AED 877 per sqft)Sold, November 2024: AED 355,000 (AED 820 per sqft)

423 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 423, 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, June 2013: AED 26,000 a yearNew contract, September 2017: AED 34,000 a yearNew contract, January 2024: AED 30,000 a yearNew contract, January 2025: AED 33,000 a yearNew contract, January 2025: AED 33,000 a yearRenewal, January 2026: AED 36,000 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 423 sits

All 75 studios →

423 last sold in November 2024 at AED 820 per sqft, 14% above what studios in Ritz Residence were fetching at the time (AED 721). 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. 423's AED 36,000 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

423, Ritz Residence in numbers

  • Sold twice: first on 4 December 2012 for AED 380,000, last on 6 November 2024 for AED 355,000 (AED 820 per sqft).
  • Rented since June 2013 on 6 Ejari contracts, from AED 26,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2024 price is 10.1%, before a service charge of about AED 6,200 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 1 January 2026.

Questions about 423, Ritz Residence

What did unit 423 last sell for?

AED 355,000 on 6 November 2024: AED 820 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 380,000 in December 2012.

What is the rent for unit 423?

AED 36,000 a year on the contract renewed on 1 January 2026. The previous contract, from January 2025, was AED 33,000; the unit has been rented since June 2013.

How big is unit 423?

433 sqft (40.2 sqm): a studio on the 4th floor of a 7-storey tower completed in 2009.

What is unit 423 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 423, Ritz Residence

Starts from the last sale price (AED 355K, 6 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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