708, Ritz Residence
Sold prices and rental history: sold once, by the developer in April 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Ritz Residence
What is 708 worth today?
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Source: Dubai Land Department. Updated 1 December 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 793 sqft
- Floor
- 7th of 7
- Parking
- B1-46
- Developer
- Alwifaq Investment Properties
- Completed
- 2009
- Service charge
- AED 11,300 /yr
- Last sold
- AED 370K · April 2023
- Building
- Ritz Residence
About 708, Ritz Residence
708 is a one-bedroom apartment of 793 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 7 April 2023 for AED 370,000, or AED 466 per sqft, in line with the AED 457 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 1 December 2023, is AED 32,000 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 11,300 a year.
Sales and rents for 708 over time
708 has sold once; the dashed line is the one-bed median of each year in the building.
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 708 sits
All 75 1-beds →708 last sold in April 2023 at AED 466 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 457). 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. 708's AED 32,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 880 sqft | 680,000 | 772 | ||
| 18 Jun 202618 June 2026 | 820 sqft | 700,000 | 853 | ||
| 15 May 202615 May 2026 | 794 sqft | 670,000 | 843 | ||
| 13 May 202613 May 2026 | 370 sqft | 330,000 | 891 |
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 | |
| 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 | |
| 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 |
708, Ritz Residence in numbers
- Sold once: by Alwifaq Investment Properties on 7 April 2023 for AED 370,000, or AED 466 per sqft.
- Rented since July 2014 on 4 Ejari contracts, from AED 38,000 to AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2023 price is 8.6%, before a service charge of about AED 11,300 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 December 2023.
Questions about 708, Ritz Residence
What did unit 708 last sell for?
AED 370,000 on 7 April 2023, sold by the developer: AED 466 per sqft for 793 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 32,000 a year on the contract signed on 1 December 2023. The previous contract, from September 2020, was AED 32,000; the unit has been rented since July 2014.
How big is unit 708?
793 sqft (73.7 sqm): a one-bedroom apartment on the 7th floor of a 7-storey tower completed in 2009.
What is unit 708 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 708, Ritz Residence
Starts from the last sale price (AED 370K, 7 April 2023). 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 →