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Studio · 440 sqftRitz Residence, International City Phase 2 & 3 · 6th floor · completed 2009

603, Ritz Residence

Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 400K23 December 2012
Current rentAED 35K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, Ritz Residence

What is 603 worth today?

Last sold for AED 400,000 in 2012

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1 Nov 2024RentedNew contract
AED 35,000/yr12 months · AED 80 per sqft
10 Sep 2023RentedNew contract
AED 25,300/yr13 months · AED 57 per sqft
10 Sep 2022RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
1 Sep 2021RentedNew contract
AED 21,000/yr12 months · AED 48 per sqft
17 Sep 2013RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
23 Dec 2012Sold by developerReady
AED 400,000AED 908 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
6th of 7
Parking
B1-23
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,300 /yr
Last sold
AED 400K · December 2012
Building
Ritz Residence

About 603, Ritz Residence

603 is a studio of 440 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 23 December 2012 for AED 400,000, or AED 908 per sqft, 7% above the AED 849 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 November 2024, is AED 35,000 a year: a gross yield of 8.8% on the 2012 price, before the service charge of about AED 6,300 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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 400,000 (AED 908 per sqft)

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

Rents
Unit 603, 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, September 2013: AED 30,000 a yearNew contract, September 2021: AED 21,000 a yearNew contract, September 2022: AED 23,000 a yearNew contract, September 2023: AED 25,300 a yearNew contract, November 2024: AED 35,000 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 603 sits

All 75 studios →

603 last sold in December 2012 at AED 908 per sqft, 7% above what studios in Ritz Residence were fetching at the time (AED 849). 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. 603's AED 35,000 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 6th floor

All 150 units in Ritz Residence
Value
601StudioAED 220K · Jan 2021
602StudioAED 383K · Mar 2014
604StudioAED 360K · Jul 2015
605StudioAED 388K · Feb 2012
606StudioAED 350K · Dec 2024
6071-bedAED 630K · Sep 2012
6081-bedAED 445K · Aug 2024
1–7 of 17

603, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 23 December 2012 for AED 400,000, or AED 908 per sqft.
  • Rented since September 2013 on 5 Ejari contracts. The rent fell from AED 30,000 to AED 21,000 in 2021 and recovered to AED 35,000 by November 2024.
  • At AED 35,000 a year the gross yield on the 2012 price is 8.8%, before a service charge of about AED 6,300 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 November 2024.

Questions about 603, Ritz Residence

What did unit 603 last sell for?

AED 400,000 on 23 December 2012, sold by the developer: AED 908 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 603?

AED 35,000 a year on the contract signed on 1 November 2024. The previous contract, from September 2023, was AED 25,300; the unit has been rented since September 2013.

How big is unit 603?

440 sqft (40.9 sqm): a studio on the 6th floor of a 7-storey tower completed in 2009.

What is unit 603 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 603, Ritz Residence

Starts from the last sale price (AED 400K, 23 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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