702, Ritz Residence
Sold prices and rental history: sold once, by the developer in January 2014, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Ritz Residence
What is 702 worth today?
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Source: Dubai Land Department. Updated 15 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 446 sqft
- Floor
- 7th of 7
- Parking
- B1-40
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 6,400 /yr
- Last sold
- AED 300K · January 2014
- Building
- Ritz Residence
About 702, Ritz Residence
702 is a studio of 446 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 2 January 2014 for AED 300,000, or AED 672 per sqft, 8% below the AED 732 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 15 September 2025, is AED 27,830 a year: a gross yield of 9.3% on the 2014 price, before the service charge of about AED 6,400 a year.
Sales and rents for 702 over time
702 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 702 sits
All 75 studios →702 last sold in January 2014 at AED 672 per sqft, 8% below what studios in Ritz Residence were fetching at the time (AED 732). 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. 702's AED 27,830 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 7th floor
All 150 units in Ritz Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | Studio | 359 sqft | AED 218KAED 218,000 · Dec 2012December 2012 | 36,000 /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 |
702, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 2 January 2014 for AED 300,000, or AED 672 per sqft.
- Rented since September 2022 on 5 Ejari contracts, from AED 23,000 to AED 27,830 a year.
- At AED 27,830 a year the gross yield on the 2014 price is 9.3%, 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 15 September 2025.
Questions about 702, Ritz Residence
What did unit 702 last sell for?
AED 300,000 on 2 January 2014, sold by the developer: AED 672 per sqft for 446 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 27,830 a year on the contract renewed on 15 September 2025. The previous contract, from September 2024, was AED 27,830; the unit has been rented since September 2022.
How big is unit 702?
446 sqft (41.4 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.
What is unit 702 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 702, Ritz Residence
Starts from the last sale price (AED 300K, 2 January 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 300,000
- Deposit, UAE resident (20%)
- AED 60,000
- Deposit, non-resident (40%)
- AED 120,000
- Monthly over 25 years at 3.7%
- AED 1,227
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →