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Studio · 447 sqftRitz Residence, International City Phase 2 & 3 · 6th floor · completed 2009

604, Ritz Residence

Sold prices and rental history: sold twice, last in July 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 2 November 2023
Last soldAED 360K22 July 2015
Current rentAED 24K /yr2 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 604, Ritz Residence

What is 604 worth today?

Last sold for AED 360,200 in 2015

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2 Nov 2023RentedRenewal
AED 23,500/yr12 months · AED 53 per sqft
2 Nov 2022RentedNew contract
AED 21,000/yr12 months · AED 46 per sqft
2 Nov 2020RentedNew contract
AED 21,000/yr12 months · AED 46 per sqft
10 Apr 2019RentedNew contract
AED 34,800/yr12 months · AED 78 per sqft
22 Jul 2015SoldReady
AED 360,200AED 806 per sqft
20 Feb 2012Sold by developerReady
AED 363,000AED 812 per sqft

Source: Dubai Land Department. Updated 2 November 2023.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
6th of 7
Parking
B1-24
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 6,400 /yr
Last sold
AED 360K · July 2015
Building
Ritz Residence

About 604, Ritz Residence

604 is a studio of 447 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. It last sold on 22 July 2015 for AED 360,200, or AED 806 per sqft, 14% below the AED 938 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 2 November 2023, is AED 23,500 a year: a gross yield of 6.5% on the 2015 price, before the service charge of about AED 6,400 a year.

Sales and rents for 604 over time

Sales
Unit 604, 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, February 2012: AED 363,000 (AED 812 per sqft)Sold, July 2015: AED 360,200 (AED 806 per sqft)

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

Rents
Unit 604, 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 2019: AED 34,800 a yearNew contract, November 2020: AED 21,000 a yearNew contract, November 2022: AED 21,000 a yearRenewal, November 2023: AED 23,500 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 604 sits

All 75 studios →

604 last sold in July 2015 at AED 806 per sqft, 14% below what studios in Ritz Residence were fetching at the time (AED 938). 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. 604's AED 23,500 is at the bottom 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
603StudioAED 400K · Dec 2012
605StudioAED 388K · Feb 2012
606StudioAED 350K · Dec 2024
6071-bedAED 630K · Sep 2012
6081-bedAED 445K · Aug 2024
1–7 of 17

604, Ritz Residence in numbers

  • Sold twice: first on 20 February 2012 for AED 363,000, last on 22 July 2015 for AED 360,200 (AED 806 per sqft).
  • Rented since April 2019 on 4 Ejari contracts. The rent fell from AED 34,800 to AED 21,000 in 2022 and recovered to AED 23,500 by November 2023.
  • At AED 23,500 a year the gross yield on the 2015 price is 6.5%, 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 2 November 2023.

Questions about 604, Ritz Residence

What did unit 604 last sell for?

AED 360,200 on 22 July 2015: AED 806 per sqft for 447 sqft. The unit has 2 registered sales; the first was AED 363,000 in February 2012.

What is the rent for unit 604?

AED 23,500 a year on the contract renewed on 2 November 2023. The previous contract, from November 2022, was AED 21,000; the unit has been rented since April 2019.

How big is unit 604?

447 sqft (41.5 sqm): a studio on the 6th floor of a 7-storey tower completed in 2009.

What is unit 604 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 604, Ritz Residence

Starts from the last sale price (AED 360K, 22 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 360,200
Deposit, UAE resident (20%)
AED 72,040
Deposit, non-resident (40%)
AED 144,080
Monthly over 25 years at 3.7%
AED 1,474

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