705, Ritz Residence
Sold prices and rental history: sold 4 times, last in August 2024, 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 705, Ritz Residence
What is 705 worth today?
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Source: Dubai Land Department. Updated 27 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 445 sqft
- Floor
- 7th of 7
- Parking
- B1-43
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 6,400 /yr
- Last sold
- AED 370K · August 2024
- Building
- Ritz Residence
About 705, Ritz Residence
705 is a studio of 445 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 27 August 2024 for AED 370,000, or AED 831 per sqft, 15% above the AED 721 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 August 2021, is AED 18,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 6,400 a year.
Sales and rents for 705 over time
705 has sold 4 times; 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 705 sits
All 75 studios →705 last sold in August 2024 at AED 831 per sqft, 15% above what studios in Ritz Residence were fetching at the time (AED 721). 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. 705's AED 18,000 is at the bottom 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 | |
| 704 | Studio | 447 sqft | AED 375KAED 375,000 · Jan 2017January 2017 | 36,500 /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 |
705, Ritz Residence in numbers
- Sold 4 times: first on 2 January 2014 for AED 323,470, last on 27 August 2024 for AED 370,000 (AED 831 per sqft).
- Rented since June 2015 on 5 Ejari contracts, from AED 40,000 to AED 18,000 a year.
- At AED 18,000 a year the gross yield on the 2024 price is 4.9%, 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 27 August 2024.
Questions about 705, Ritz Residence
What did unit 705 last sell for?
AED 370,000 on 27 August 2024: AED 831 per sqft for 445 sqft. The unit has 4 registered sales; the first was AED 323,470 in January 2014.
What is the rent for unit 705?
AED 18,000 a year on the contract signed on 1 August 2021. The previous contract, from July 2020, was AED 20,000; the unit has been rented since June 2015.
How big is unit 705?
445 sqft (41.3 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.
What is unit 705 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 705, Ritz Residence
Starts from the last sale price (AED 370K, 27 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 370,000
- Deposit, UAE resident (20%)
- AED 74,000
- Deposit, non-resident (40%)
- AED 148,000
- Monthly over 25 years at 3.7%
- AED 1,514
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →