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Studio · 312 sqftRitaj K, Dubai Investment Park Second · 1st floor

102, Ritaj K

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

Unit 102 · DLD and Ejari recordsUpdated 27 March 2024
Last soldAED 505K10 July 2014
Current rentAED 28K /yr27 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 102, Ritaj K

What is 102 worth today?

Last sold for AED 505,000 in 2014

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27 Mar 2024RentedNew contract
AED 28,000/yr12 months · AED 90 per sqft
28 Feb 2023RentedNew contract
AED 24,000/yr12 months · AED 77 per sqft
3 Feb 2022RentedNew contract
AED 24,000/yr12 months · AED 77 per sqft
9 Aug 2014RentedNew contract
AED 45,000/yr12 months · AED 144 per sqft
10 Jul 2014Sold by developerReady
AED 505,000AED 1,618 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 March 2024.

Key facts

Type
Studio apartment
Size
312 sqft
Floor
1st of 5
Parking
Building 17-LBB-16
Service charge
AED 6,700 /yr
Last sold
AED 505K · July 2014
Building
Ritaj K

About 102, Ritaj K

102 is a studio of 312 sqft on the 1st floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. The developer sold it on 10 July 2014 for AED 505,000, or AED 1,618 per sqft, in line with the AED 1,618 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 27 March 2024, is AED 28,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 6,700 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical studio in Ritaj K
450K500K20142015201620172018Typical sale price by year: 2014 AED 499,000; 2015 AED 440,000; 2016 AED 499,000; 2017 AED 440,000Sold by developer, July 2014: AED 505,000 (AED 1,618 per sqft)

102 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 102, each contractTypical studio in Ritaj K
20K40K2014201820222026Typical rent by year: 2014 AED 45,000; 2015 AED 45,000; 2016 AED 42,000; 2017 AED 42,000; 2018 AED 30,000; 2019 AED 24,500; 2020 AED 23,000; 2021 AED 22,000; 2022 AED 22,000; 2023 AED 23,750; 2024 AED 27,500; 2025 AED 32,000; 2026 AED 35,000New contract, August 2014: AED 45,000 a yearNew contract, February 2022: AED 24,000 a yearNew contract, February 2023: AED 24,000 a yearNew contract, March 2024: AED 28,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Ritaj K, and where 102 sits

All 218 studios →

102 last sold in July 2014 at AED 1,618 per sqft, in line with what studios in Ritaj K were fetching at the time (AED 1,618). Over the last 12 months studios sold for AED 332,000, around AED 1,062 per sqft, and rent for AED 28,600 to 42,000 a year. 102's AED 28,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
27 Feb 2025310,000
1 Mar 2024285,000
2 Feb 2024323,000
5 Jun 2023354,547
1 studio sale in the last 12 months

Ritaj K

Building

219 apartments, studios over 5 floors in Dubai Investment Park Second. 1 sold in the last 12 months.

Typical price per sqft
AED 1,062
Typical sale
AED 332K
Typical rent
AED 35K /yr
Typical yield
10.4%
Ritaj K, Dubai Investment Park Second: prices, sales and rents →

Other units on the 1st floor

All 219 units in Ritaj K
Value
101StudioAED 515K · Jun 2014
103StudioAED 430K · Sep 2017
104StudioAED 323K · Feb 2024
105StudioAED 492K · Aug 2014
106StudioNo registered sale
107StudioAED 300K · Oct 2021
108StudioNo registered sale
1–7 of 38

102, Ritaj K in numbers

  • Sold once: by the developer on 10 July 2014 for AED 505,000, or AED 1,618 per sqft.
  • Rented since August 2014 on 4 Ejari contracts. The rent fell from AED 45,000 to AED 24,000 in 2023 and recovered to AED 28,000 by March 2024.
  • At AED 28,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 6,700 a year (AED 21.54 per sqft).
  • Studios in Ritaj K sold for AED 332,000–332,000 in the 12 months to November 2026; the building's median across all types is AED 1,062 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 27 March 2024.

Questions about 102, Ritaj K

What did unit 102 last sell for?

AED 505,000 on 10 July 2014, sold by the developer: AED 1,618 per sqft for 312 sqft. It is the only registered sale of the unit.

What is the rent for unit 102?

AED 28,000 a year on the contract signed on 27 March 2024. The previous contract, from February 2023, was AED 24,000; the unit has been rented since August 2014.

How big is unit 102?

312 sqft (29.0 sqm): a studio on the 1st floor of a 5-storey tower.

What is unit 102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ritaj K sold for AED 332,000 to 332,000 in the last 12 months, around AED 1,062 per sqft.

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Mortgage on 102, Ritaj K

Starts from the last sale price (AED 505K, 10 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 505,000
Deposit, UAE resident (20%)
AED 101,000
Deposit, non-resident (40%)
AED 202,000
Monthly over 25 years at 3.7%
AED 2,066

Plus AED 26,220 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →