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Studio · 311 sqftRitaj K, Dubai Investment Park Second · 1st floor

109, Ritaj K

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 492K13 August 2014
Current rentAED 25K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 109, Ritaj K

What is 109 worth today?

Last sold for AED 492,000 in 2014

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25 Mar 2024RentedRenewal
AED 25,000/yr12 months · AED 80 per sqft
25 Mar 2023RentedNew contract
AED 20,000/yr12 months · AED 64 per sqft
20 Jul 2018RentedNew contract
AED 30,000/yr12 months · AED 96 per sqft
8 Mar 2017RentedRenewal
AED 41,000/yr12 months · AED 131 per sqft
8 Mar 2016RentedNew contract
AED 43,000/yr12 months · AED 138 per sqft
15 Jan 2015RentedNew contract
AED 45,000/yr12 months · AED 144 per sqft
13 Aug 2014Sold by developerReady
AED 492,000AED 1,582 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2024.

Key facts

Type
Studio apartment
Size
311 sqft
Floor
1st of 5
Parking
Building 17-LBB-23
Service charge
AED 6,700 /yr
Last sold
AED 492K · August 2014
Building
Ritaj K

About 109, Ritaj K

109 is a studio of 311 sqft on the 1st floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. The developer sold it on 13 August 2014 for AED 492,000, or AED 1,582 per sqft, in line with the AED 1,611 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 25 March 2024, is AED 25,000 a year: a gross yield of 5.1% on the 2014 price, before the service charge of about AED 6,700 a year.

Sales and rents for 109 over time

Sales
Unit 109, 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, August 2014: AED 492,000 (AED 1,582 per sqft)

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

Rents
Unit 109, 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, January 2015: AED 45,000 a yearNew contract, March 2016: AED 43,000 a yearRenewal, March 2017: AED 41,000 a yearNew contract, July 2018: AED 30,000 a yearNew contract, March 2023: AED 20,000 a yearRenewal, March 2024: AED 25,000 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 109 sits

All 218 studios →

109 last sold in August 2014 at AED 1,582 per sqft, in line with what studios in Ritaj K were fetching at the time (AED 1,611). 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. 109's AED 25,000 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
102StudioAED 505K · Jul 2014
103StudioAED 430K · Sep 2017
104StudioAED 323K · Feb 2024
105StudioAED 492K · Aug 2014
106StudioNo registered sale
107StudioAED 300K · Oct 2021
1–7 of 38

109, Ritaj K in numbers

  • Sold once: by the developer on 13 August 2014 for AED 492,000, or AED 1,582 per sqft.
  • Rented since January 2015 on 6 Ejari contracts. The rent fell from AED 45,000 to AED 20,000 in 2023 and recovered to AED 25,000 by March 2024.
  • At AED 25,000 a year the gross yield on the 2014 price is 5.1%, 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 25 March 2024.

Questions about 109, Ritaj K

What did unit 109 last sell for?

AED 492,000 on 13 August 2014, sold by the developer: AED 1,582 per sqft for 311 sqft. It is the only registered sale of the unit.

What is the rent for unit 109?

AED 25,000 a year on the contract renewed on 25 March 2024. The previous contract, from March 2023, was AED 20,000; the unit has been rented since January 2015.

How big is unit 109?

311 sqft (28.9 sqm): a studio on the 1st floor of a 5-storey tower.

What is unit 109 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 109, Ritaj K

Starts from the last sale price (AED 492K, 13 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 492,000
Deposit, UAE resident (20%)
AED 98,400
Deposit, non-resident (40%)
AED 196,800
Monthly over 25 years at 3.7%
AED 2,013

Plus AED 23,574 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →