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Studio · 411 sqftRitz Residence, International City Phase 2 & 3 · 4th floor · completed 2009

424, Ritz Residence

Sold prices and rental history: sold once, by the developer in July 2012, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 424 · DLD and Ejari recordsUpdated 1 May 2025
Last soldAED 370K5 July 2012
Current rentAED 31K /yr1 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 424, Ritz Residence

What is 424 worth today?

Last sold for AED 370,000 in 2012

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1 May 2025RentedRenewal
AED 31,000/yr12 months · AED 76 per sqft
1 May 2024RentedNew contract
AED 31,000/yr12 months · AED 76 per sqft
1 Apr 2019RentedNew contract
AED 27,922/yr12 months · AED 68 per sqft
15 Apr 2018RentedNew contract
AED 35,330/yr12 months · AED 86 per sqft
5 Jul 2012Sold by developerReady
AED 370,000AED 900 per sqft

Source: Dubai Land Department. Updated 1 May 2025.

Key facts

Type
Studio apartment
Size
411 sqft
Floor
4th of 7
Parking
B1-02
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 5,900 /yr
Last sold
AED 370K · July 2012
Building
Ritz Residence

About 424, Ritz Residence

424 is a studio of 411 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 5 July 2012 for AED 370,000, or AED 900 per sqft, 3% above the AED 873 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 1 May 2025, is AED 31,000 a year: a gross yield of 8.4% on the 2012 price, before the service charge of about AED 5,900 a year.

Sales and rents for 424 over time

Sales
Unit 424, 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, July 2012: AED 370,000 (AED 900 per sqft)

424 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 424, 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, April 2018: AED 35,330 a yearNew contract, April 2019: AED 27,922 a yearNew contract, May 2024: AED 31,000 a yearRenewal, May 2025: AED 31,000 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 424 sits

All 75 studios →

424 last sold in July 2012 at AED 900 per sqft, 3% above what studios in Ritz Residence were fetching at the time (AED 873). 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. 424's AED 31,000 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 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

424, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 5 July 2012 for AED 370,000, or AED 900 per sqft.
  • Rented since April 2018 on 4 Ejari contracts. The rent fell from AED 35,330 to AED 27,922 in 2019 and recovered to AED 31,000 by May 2025.
  • At AED 31,000 a year the gross yield on the 2012 price is 8.4%, before a service charge of about AED 5,900 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 May 2025.

Questions about 424, Ritz Residence

What did unit 424 last sell for?

AED 370,000 on 5 July 2012, sold by the developer: AED 900 per sqft for 411 sqft. It is the only registered sale of the unit.

What is the rent for unit 424?

AED 31,000 a year on the contract renewed on 1 May 2025. The previous contract, from May 2024, was AED 31,000; the unit has been rented since April 2018.

How big is unit 424?

411 sqft (38.2 sqm): a studio on the 4th floor of a 7-storey tower completed in 2009.

What is unit 424 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 424, Ritz Residence

Starts from the last sale price (AED 370K, 5 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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