701, Ritz Residence
Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Ritz Residence
What is 701 worth today?
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Source: Dubai Land Department. Updated 3 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 359 sqft
- Floor
- 7th of 7
- Parking
- B1-39
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 5,100 /yr
- Last sold
- AED 218K · December 2012
- Building
- Ritz Residence
About 701, Ritz Residence
701 is a studio of 359 sqft on the 7th 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 30 December 2012 for AED 218,000, or AED 607 per sqft, 27% below the AED 834 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 3 November 2025, is AED 36,000 a year: a gross yield of 16.5% on the 2012 price, before the service charge of about AED 5,100 a year.
Sales and rents for 701 over time
701 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 701 sits
All 75 studios →701 last sold in December 2012 at AED 607 per sqft, 27% below what studios in Ritz Residence were fetching at the time (AED 834). 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. 701's AED 36,000 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 41K /yr
- Typical yield
- 8.2%
Other units on the 7th floor
All 150 units in Ritz Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | Studio | 446 sqft | AED 300KAED 300,000 · Jan 2014January 2014 | 27,830 /yr | |
| 703 | Studio | 440 sqft | AED 388KAED 388,000 · Feb 2012February 2012 | 37,000 /yr | |
| 704 | Studio | 447 sqft | AED 375KAED 375,000 · Jan 2017January 2017 | 36,500 /yr | |
| 705 | Studio | 445 sqft | AED 370KAED 370,000 · Aug 2024August 2024 | 18,000 /yr | |
| 706 | Studio | 419 sqft | AED 365KAED 365,000 · Oct 2012October 2012 | 48,000 /yr | |
| 707 | 1-bed | 794 sqft | AED 670KAED 670,000 · May 2026May 2026 | 40,000 /yr | |
| 708 | 1-bed | 793 sqft | AED 370KAED 370,000 · Apr 2023April 2023 | 32,000 /yr | |
| 709 | 1-bed | 795 sqft | AED 370KAED 370,000 · Apr 2023April 2023 | 54,000 /yr | |
| 710 | 1-bed | 795 sqft | AED 380KAED 380,000 · May 2023May 2023 | 30,000 /yr | |
| 711 | 1-bed | 740 sqft | AED 637KAED 637,000 · Jan 2013January 2013 | ||
| 712 | 1-bed | 746 sqft | AED 630KAED 630,000 · Aug 2011August 2011 | 41,800 /yr | |
| 713 | 1-bed | 809 sqft | AED 375KAED 375,000 · Jan 2023January 2023 | 35,000 /yr | |
| 714 | 1-bed | 758 sqft | AED 375KAED 375,000 · Jun 2023June 2023 | 32,000 /yr | |
| 715 | 1-bed | 701 sqft | AED 509KAED 508,580 · Apr 2014April 2014 | 25,000 /yr | |
| 716 | Studio | 477 sqft | AED 435KAED 435,000 · Dec 2012December 2012 | 30,748 /yr | |
| 717 | Studio | 495 sqft | AED 250KAED 250,000 · Nov 2021November 2021 | 22,000 /yr | |
| 718 | Studio | 543 sqft | AED 265KAED 265,000 · May 2023May 2023 | 57,600 /yr |
701, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 30 December 2012 for AED 218,000, or AED 607 per sqft.
- Rented since February 2015 on 7 Ejari contracts. The rent fell from AED 51,000 to AED 26,000 in 2023 and recovered to AED 36,000 by November 2025.
- At AED 36,000 a year the gross yield on the 2012 price is 16.5%, before a service charge of about AED 5,100 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 3 November 2025.
Questions about 701, Ritz Residence
What did unit 701 last sell for?
AED 218,000 on 30 December 2012, sold by the developer: AED 607 per sqft for 359 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 36,000 a year on the contract signed on 3 November 2025. The previous contract, from August 2025, was AED 35,000; the unit has been rented since February 2015.
How big is unit 701?
359 sqft (33.4 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.
What is unit 701 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 701, Ritz Residence
Starts from the last sale price (AED 218K, 30 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 218,000
- Deposit, UAE resident (20%)
- AED 43,600
- Deposit, non-resident (40%)
- AED 87,200
- Monthly over 25 years at 3.7%
- AED 892
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →