704, Ritz Residence
Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Ritz Residence
What is 704 worth today?
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Source: Dubai Land Department. Updated 20 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 447 sqft
- Floor
- 7th of 7
- Parking
- B1-42
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 6,400 /yr
- Last sold
- AED 375K · January 2017
- Building
- Ritz Residence
About 704, Ritz Residence
704 is a studio of 447 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. It last sold on 26 January 2017 for AED 375,000, or AED 839 per sqft, in line with the AED 839 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 20 June 2026, is AED 36,500 a year: a gross yield of 9.7% on the 2017 price, before the service charge of about AED 6,400 a year.
Sales and rents for 704 over time
704 has sold twice; 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 704 sits
All 75 studios →704 last sold in January 2017 at AED 839 per sqft, in line with what studios in Ritz Residence were fetching at the time (AED 839). 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. 704's AED 36,500 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 | |||||
|---|---|---|---|---|---|
| 701 | Studio | 359 sqft | AED 218KAED 218,000 · Dec 2012December 2012 | 36,000 /yr | |
| 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 | |
| 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 |
704, Ritz Residence in numbers
- Sold twice: first on 23 February 2012 for AED 400,000, last on 26 January 2017 for AED 375,000 (AED 839 per sqft).
- Rented since February 2019 on 6 Ejari contracts. The rent fell from AED 33,000 to AED 22,000 in 2021 and recovered to AED 36,500 by June 2026.
- At AED 36,500 a year the gross yield on the 2017 price is 9.7%, 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 20 June 2026.
Questions about 704, Ritz Residence
What did unit 704 last sell for?
AED 375,000 on 26 January 2017: AED 839 per sqft for 447 sqft. The unit has 2 registered sales; the first was AED 400,000 in February 2012.
What is the rent for unit 704?
AED 36,500 a year on the contract signed on 20 June 2026. The previous contract, from August 2025, was AED 31,000; the unit has been rented since February 2019.
How big is unit 704?
447 sqft (41.5 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.
What is unit 704 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 704, Ritz Residence
Starts from the last sale price (AED 375K, 26 January 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →