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1-bed · 701 sqftRitz Residence, International City Phase 2 & 3 · 7th floor · completed 2009

715, Ritz Residence

Sold prices and rental history: sold once, by the developer in April 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 715 · DLD and Ejari recordsUpdated 1 September 2026
Last soldAED 509K28 April 2014
Current rentAED 42K /yr1 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 715, Ritz Residence

What is 715 worth today?

Last sold for AED 508,580 in 2014

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1 Sep 2026RentedRenewal
AED 42,000/yr12 months · AED 60 per sqft
1 Sep 2026RentedRenewal
AED 25,000/yr12 months · AED 36 per sqft
1 Sep 2025RentedRenewal
AED 42,000/yr12 months · AED 60 per sqft
1 Sep 2025RentedRenewal
AED 25,000/yr12 months · AED 36 per sqft
1 Sep 2024RentedRenewal
AED 25,000/yr12 months · AED 36 per sqft
1 Sep 2023RentedNew contract
AED 24,000/yr12 months · AED 34 per sqft
1 Sep 2022RentedRenewal
AED 24,000/yr12 months · AED 34 per sqft
1 Sep 2021RentedNew contract
AED 24,000/yr12 months · AED 34 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type
1-bed apartment
Size
701 sqft
Floor
7th of 7
Parking
B1-53
Developer
Alwifaq Investment Properties
Completed
2009
Service charge
AED 10,000 /yr
Last sold
AED 509K · April 2014
Building
Ritz Residence

About 715, Ritz Residence

715 is a one-bedroom apartment of 701 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 28 April 2014 for AED 508,580, or AED 725 per sqft, in line with the AED 725 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 42,000 a year: a gross yield of 8.3% on the 2014 price, before the service charge of about AED 10,000 a year.

Sales and rents for 715 over time

Sales
Unit 715, each saleTypical one-bed in Ritz Residence
400K600K20112015201920232027Typical sale price by year: 2011 AED 630,000; 2012 AED 647,500; 2013 AED 400,000; 2014 AED 615,000; 2015 AED 620,000; 2016 AED 620,000; 2018 AED 332,500; 2021 AED 383,000; 2022 AED 365,000; 2023 AED 370,000; 2024 AED 447,000; 2025 AED 552,500; 2026 AED 675,000Sold by developer, April 2014: AED 508,580 (AED 725 per sqft)

715 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 715, each contractTypical one-bed in Ritz Residence
20K40K2012201620202024Typical rent by year: 2012 AED 32,000; 2013 AED 35,000; 2014 AED 39,779; 2015 AED 43,500; 2016 AED 49,862; 2017 AED 48,000; 2018 AED 45,000; 2019 AED 40,000; 2020 AED 32,500; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 34,825; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 50,000New contract, November 2012: AED 32,000 a yearNew contract, January 2016: AED 48,000 a yearNew contract, January 2017: AED 48,000 a yearRenewal, January 2018: AED 42,000 a yearNew contract, January 2019: AED 42,000 a yearNew contract, September 2021: AED 24,000 a yearRenewal, September 2022: AED 24,000 a yearNew contract, September 2023: AED 24,000 a yearRenewal, September 2024: AED 25,000 a yearRenewal, September 2025: AED 42,000 a yearRenewal, September 2025: AED 25,000 a yearRenewal, September 2026: AED 42,000 a yearRenewal, September 2026: AED 25,000 a year

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 715 sits

All 75 1-beds →

715 last sold in April 2014 at AED 725 per sqft, in line with what one-beds in Ritz Residence were fetching at the time (AED 725). 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. 715's AED 42,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Aug 2026680,000
18 Jun 2026700,000
15 May 2026670,000
13 May 2026330,000
7 1-bed sales in the last 12 months

Ritz Residence

Building

150 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%
Ritz Residence, International City Phase 2 & 3: prices, sales and rents →

Other units on the 7th floor

All 150 units in Ritz Residence
Value
701StudioAED 218K · Dec 2012
702StudioAED 300K · Jan 2014
703StudioAED 388K · Feb 2012
704StudioAED 375K · Jan 2017
705StudioAED 370K · Aug 2024
706StudioAED 365K · Oct 2012
7071-bedAED 670K · May 2026
1–7 of 17

715, Ritz Residence in numbers

  • Sold once: by Alwifaq Investment Properties on 28 April 2014 for AED 508,580, or AED 725 per sqft.
  • Rented since November 2012 on 13 Ejari contracts. The rent fell from AED 32,000 to AED 24,000 in 2023 and recovered to AED 42,000 by September 2026.
  • At AED 42,000 a year the gross yield on the 2014 price is 8.3%, before a service charge of about AED 10,000 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 September 2026.

Questions about 715, Ritz Residence

What did unit 715 last sell for?

AED 508,580 on 28 April 2014, sold by the developer: AED 725 per sqft for 701 sqft. It is the only registered sale of the unit.

What is the rent for unit 715?

AED 42,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2026, was AED 25,000; the unit has been rented since November 2012.

How big is unit 715?

701 sqft (65.1 sqm): a one-bedroom apartment on the 7th floor of a 7-storey tower completed in 2009.

What is unit 715 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 715, Ritz Residence

Starts from the last sale price (AED 509K, 28 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 508,580
Deposit, UAE resident (20%)
AED 101,716
Deposit, non-resident (40%)
AED 203,432
Monthly over 25 years at 3.7%
AED 2,081

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →