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1-bed · 794 sqftRitz Residence, International City Phase 2 & 3 · 6th floor · completed 2009

607, Ritz Residence

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

Unit 607 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 630K16 September 2012
Current rentAED 30K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 607, Ritz Residence

What is 607 worth today?

Last sold for AED 630,000 in 2012

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1 Feb 2022RentedNew contract
AED 29,911/yr12 months · AED 38 per sqft
1 Jan 2021RentedRenewal
AED 29,920/yr12 months · AED 38 per sqft
10 Nov 2019RentedRenewal
AED 26,259/yr14 months · AED 33 per sqft
10 Nov 2018RentedNew contract
AED 40,000/yr12 months · AED 50 per sqft
29 Jul 2015RentedNew contract
AED 38,000/yr12 months · AED 48 per sqft
29 Jul 2014RentedNew contract
AED 36,000/yr12 months · AED 45 per sqft
29 Jul 2013RentedNew contract
AED 32,000/yr12 months · AED 40 per sqft
16 Sep 2012Sold by developerReady
AED 630,000AED 792 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
1-bed apartment
Size
794 sqft
Floor
6th of 7
Parking
B1-27
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 11,400 /yr
Last sold
AED 630K · September 2012
Building
Ritz Residence

About 607, Ritz Residence

607 is a one-bedroom apartment of 794 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 16 September 2012 for AED 630,000, or AED 792 per sqft, in line with the AED 797 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 1 February 2022, is AED 29,911 a year: a gross yield of 4.8% on the 2012 price, before the service charge of about AED 11,400 a year.

Sales and rents for 607 over time

Sales
Unit 607, each saleTypical one-bed in Ritz Residence
400K600K20112015201920232027Typical sale price by year: 2011 AED 630,000; 2012 AED 647,500; 2013 AED 400,000; 2014 AED 615,000; 2015 AED 620,000; 2016 AED 620,000; 2018 AED 332,500; 2021 AED 383,000; 2022 AED 365,000; 2023 AED 370,000; 2024 AED 447,000; 2025 AED 552,500; 2026 AED 675,000Sold by developer, September 2012: AED 630,000 (AED 792 per sqft)

607 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 607, each contractTypical one-bed in Ritz Residence
40K2012201620202024Typical rent by year: 2012 AED 32,000; 2013 AED 35,000; 2014 AED 39,779; 2015 AED 43,500; 2016 AED 49,862; 2017 AED 48,000; 2018 AED 45,000; 2019 AED 40,000; 2020 AED 32,500; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 34,825; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 50,000New contract, July 2012: AED 32,000 a yearNew contract, July 2013: AED 32,000 a yearNew contract, July 2014: AED 36,000 a yearNew contract, July 2015: AED 38,000 a yearNew contract, November 2018: AED 40,000 a yearRenewal, November 2019: AED 26,259 a yearRenewal, January 2021: AED 29,920 a yearNew contract, February 2022: AED 29,911 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Ritz Residence, and where 607 sits

All 75 1-beds →

607 last sold in September 2012 at AED 792 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 797). Over the last 12 months one-beds sold for AED 330,000 to 700,000, around AED 838 per sqft, and rent for AED 25,000 to 63,000 a year. 607's AED 29,911 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Aug 2026680,000
18 Jun 2026700,000
15 May 2026670,000
13 May 2026330,000
7 1-bed 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
604StudioAED 360K · Jul 2015
605StudioAED 388K · Feb 2012
606StudioAED 350K · Dec 2024
6081-bedAED 445K · Aug 2024
1–7 of 17

607, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 16 September 2012 for AED 630,000, or AED 792 per sqft.
  • Rented since July 2012 on 8 Ejari contracts. The rent fell from AED 32,000 to AED 26,259 in 2019 and recovered to AED 29,911 by February 2022.
  • At AED 29,911 a year the gross yield on the 2012 price is 4.8%, before a service charge of about AED 11,400 a year (AED 14.31 per sqft).
  • One-beds in Ritz Residence sold for AED 330,000–700,000 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 February 2022.

Questions about 607, Ritz Residence

What did unit 607 last sell for?

AED 630,000 on 16 September 2012, sold by the developer: AED 792 per sqft for 794 sqft. It is the only registered sale of the unit.

What is the rent for unit 607?

AED 29,911 a year on the contract signed on 1 February 2022. The previous contract, from January 2021, was AED 29,920; the unit has been rented since July 2012.

How big is unit 607?

794 sqft (73.8 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 607 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ritz Residence sold for AED 330,000 to 700,000 in the last 12 months, around AED 838 per sqft.

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Mortgage on 607, Ritz Residence

Starts from the last sale price (AED 630K, 16 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 630,000
Deposit, UAE resident (20%)
AED 126,000
Deposit, non-resident (40%)
AED 252,000
Monthly over 25 years at 3.7%
AED 2,578

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