602, Ritz Residence
Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Ritz Residence
What is 602 worth today?
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Source: Dubai Land Department. Updated 11 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 446 sqft
- Floor
- 6th of 7
- Parking
- B1-22
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 6,400 /yr
- Last sold
- AED 383K · March 2014
- Building
- Ritz Residence
About 602, Ritz Residence
602 is a studio of 446 sqft on the 6th 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 3 March 2014 for AED 383,000, or AED 858 per sqft, 16% above the AED 737 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 11 March 2026, is AED 38,000 a year: a gross yield of 9.9% on the 2014 price, before the service charge of about AED 6,400 a year.
Sales and rents for 602 over time
602 has sold once; the dashed line is the studio median of each year in the building.
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 602 sits
All 75 studios →602 last sold in March 2014 at AED 858 per sqft, 16% above what studios in Ritz Residence were fetching at the time (AED 737). 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. 602's AED 38,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 411 sqft | 420,000 | 1,022 | ||
| 21 Nov 202521 November 2025 | 620 sqft | 465,000 | 749 | ||
| 10 Nov 202510 November 2025 | 495 sqft | 410,000 | 828 | ||
| 9 Sep 20259 September 2025 | 442 sqft | 425,000 | 962 |
Ritz Residence
Building150 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%
Other units on the 6th floor
All 150 units in Ritz Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | Studio | 359 sqft | AED 220KAED 220,000 · Jan 2021January 2021 | 60,000 /yr | |
| 603 | Studio | 440 sqft | AED 400KAED 400,000 · Dec 2012December 2012 | 35,000 /yr | |
| 604 | Studio | 447 sqft | AED 360KAED 360,200 · Jul 2015July 2015 | 23,500 /yr | |
| 605 | Studio | 445 sqft | AED 388KAED 388,000 · Feb 2012February 2012 | 22,000 /yr | |
| 606 | Studio | 423 sqft | AED 350KAED 350,000 · Dec 2024December 2024 | 30,000 /yr | |
| 607 | 1-bed | 794 sqft | AED 630KAED 630,000 · Sep 2012September 2012 | 29,911 /yr | |
| 608 | 1-bed | 793 sqft | AED 445KAED 445,000 · Aug 2024August 2024 | 54,000 /yr | |
| 609 | 1-bed | 795 sqft | AED 635KAED 635,000 · Dec 2012December 2012 | 40,000 /yr | |
| 610 | 1-bed | 795 sqft | AED 360KAED 360,000 · Jun 2022June 2022 | 32,308 /yr | |
| 611 | 1-bed | 370 sqft | AED 330KAED 330,000 · May 2026May 2026 | 52,000 /yr | |
| 612 | 1-bed | 746 sqft | AED 565KAED 565,000 · Nov 2025November 2025 | 38,500 /yr | |
| 613 | 1-bed | 809 sqft | AED 311KAED 310,972 · Mar 2022March 2022 | 50,000 /yr | |
| 614 | 1-bed | 758 sqft | AED 665KAED 665,000 · Nov 2012November 2012 | 40,950 /yr | |
| 615 | 1-bed | 753 sqft | AED 360KAED 360,000 · Jul 2023July 2023 | 60,000 /yr | |
| 616 | Studio | 477 sqft | AED 405KAED 405,000 · Oct 2012October 2012 | 32,000 /yr | |
| 617 | Studio | 495 sqft | AED 410KAED 410,000 · Nov 2025November 2025 | 35,000 /yr | |
| 618 | Studio | 543 sqft | AED 245KAED 245,000 · Sep 2022September 2022 | 42,000 /yr |
602, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 3 March 2014 for AED 383,000, or AED 858 per sqft.
- Rented since May 2016 on 5 Ejari contracts. The rent fell from AED 35,000 to AED 21,000 in 2020 and recovered to AED 38,000 by March 2026.
- At AED 38,000 a year the gross yield on the 2014 price is 9.9%, before a service charge of about AED 6,400 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 11 March 2026.
Questions about 602, Ritz Residence
What did unit 602 last sell for?
AED 383,000 on 3 March 2014, sold by the developer: AED 858 per sqft for 446 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 38,000 a year on the contract signed on 11 March 2026. The previous contract, from January 2023, was AED 26,000; the unit has been rented since May 2016.
How big is unit 602?
446 sqft (41.4 sqm): a studio on the 6th floor of a 7-storey tower completed in 2009.
What is unit 602 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 602, Ritz Residence
Starts from the last sale price (AED 383K, 3 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 383,000
- Deposit, UAE resident (20%)
- AED 76,600
- Deposit, non-resident (40%)
- AED 153,200
- Monthly over 25 years at 3.7%
- AED 1,567
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →