Project · Transactions · 2022

Ritz Residence Property Transactions 2022

14 property sales worth ⃃ 3.79M were registered in Ritz Residence in 2022, 40.0% higher than 2021 by number of sales. The median sale price was ⃃ 247,500 and the median price per square foot ⃃ 481 (+5.2% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 14 salesUpdated: 18 Oct 2026
Property sales
14
+40.0% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 3.79M
+14.4% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 247,500
−28.8% vs 2021
14 sales
Median price per sq ft
⃃ 481
+5.2% vs 2021
14 sales

What types of property sold in Ritz Residence in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments14100%⃃ 3.79M⃃ 247,500⃃ 481

How were 2022 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)214.3%⃃ 745K⃃ 372,500⃃ 442
Resale (secondary)1285.7%⃃ 3.04M⃃ 245,000⃃ 498
Ready14100%⃃ 3.79M⃃ 247,500⃃ 481

How many rental contracts were registered in Ritz Residence in 2022?

68 rental contracts (new and renewed) were registered in Ritz Residence in 2022, at a median annual rent of ⃃ 25,000 (−13.5% on 2021). Rental yields in Ritz Residence

What were the most expensive property sales in Ritz Residence in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
18/11/2022Ritz Residence1 bed · Apartment889 sq ft⃃ 375,000Primary · Ready
27/12/2022Ritz Residence1 bed · Apartment802 sq ft⃃ 370,000Primary · Ready
09/06/2022Ritz Residence1 bed · Apartment795 sq ft⃃ 360,000Resale · Ready
06/04/2022Ritz Residence1 bed · Apartment809 sq ft⃃ 310,972Resale · Ready
21/03/2022Ritz ResidenceStudio · Apartment715 sq ft⃃ 250,000Resale · Ready
06/10/2022Ritz ResidenceStudio · Apartment442 sq ft⃃ 250,000Resale · Ready
08/09/2022Ritz ResidenceStudio · Apartment442 sq ft⃃ 250,000Resale · Ready
07/09/2022Ritz ResidenceStudio · Apartment543 sq ft⃃ 245,000Resale · Ready
23/09/2022Ritz ResidenceStudio · Apartment417 sq ft⃃ 245,000Resale · Ready
14/10/2022Ritz ResidenceStudio · Apartment434 sq ft⃃ 230,000Resale · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
27/12/2022Ritz Residence1 bed · Apartment802 sq ft⃃ 370,000Primary · Ready
18/11/2022Ritz Residence1 bed · Apartment889 sq ft⃃ 375,000Primary · Ready
14/10/2022Ritz ResidenceStudio · Apartment433 sq ft⃃ 230,000Resale · Ready
14/10/2022Ritz ResidenceStudio · Apartment434 sq ft⃃ 230,000Resale · Ready
06/10/2022Ritz ResidenceStudio · Apartment442 sq ft⃃ 250,000Resale · Ready
23/09/2022Ritz ResidenceStudio · Apartment417 sq ft⃃ 245,000Resale · Ready
08/09/2022Ritz ResidenceStudio · Apartment442 sq ft⃃ 250,000Resale · Ready
07/09/2022Ritz ResidenceStudio · Apartment543 sq ft⃃ 245,000Resale · Ready
29/08/2022Ritz ResidenceStudio · Apartment442 sq ft⃃ 220,000Resale · Ready
29/08/2022Ritz ResidenceStudio · Apartment442 sq ft⃃ 220,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2022 with the whole of 2021.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/ritz-residence/2022
Ritz Residence Property Transactions 2022. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/ritz-residence/2022

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Ritz Residence in 2022?
14 property sales worth ⃃ 3,785,972 were registered in Ritz Residence in 2022. That is 40.0% higher than 2021.
What was the median property price in Ritz Residence in 2022?
The median sale price was ⃃ 247,500 and the median price per square foot ⃃ 481 (1 Jan – 31 Dec 2022).
What share of 2022 sales in Ritz Residence were off-plan or from developers?
Developer (primary) sales were 14.3% of the 14 sales and resales 85.7%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/ritz-residence/2022