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

120, Ritaj K

Sold prices and rental history: sold twice, last in March 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 1 November 2018
Last soldAED 450K19 March 2017
Current rentAED 27K /yr1 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 120, Ritaj K

What is 120 worth today?

Last sold for AED 450,000 in 2017

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1 Nov 2018RentedNew contract
AED 27,000/yr13 months · AED 87 per sqft
28 Sep 2017RentedNew contract
AED 33,000/yr12 months · AED 106 per sqft
19 Mar 2017SoldReady
AED 450,000AED 1,442 per sqft
14 Jun 2015RentedNew contract
AED 30,000/yr12 months · AED 96 per sqft
23 Jun 2014RentedNew contract
AED 24,000/yr12 months · AED 77 per sqft
18 Jun 2014Sold by developerReady
AED 499,000AED 1,599 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2018.

Key facts

Type
Studio apartment
Size
312 sqft
Floor
1st of 5
Parking
Building 17-UBA-08
Service charge
AED 6,700 /yr
Last sold
AED 450K · March 2017
Building
Ritaj K

About 120, Ritaj K

120 is a studio of 312 sqft on the 1st floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. It last sold on 19 March 2017 for AED 450,000, or AED 1,442 per sqft, 5% below the AED 1,523 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 1 November 2018, is AED 27,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 6,700 a year.

Sales and rents for 120 over time

Sales
Unit 120, 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, June 2014: AED 499,000 (AED 1,599 per sqft)Sold, March 2017: AED 450,000 (AED 1,442 per sqft)

120 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 120, 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, June 2014: AED 24,000 a yearNew contract, June 2015: AED 30,000 a yearNew contract, September 2017: AED 33,000 a yearNew contract, November 2018: AED 27,000 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 120 sits

All 218 studios →

120 last sold in March 2017 at AED 1,442 per sqft, 5% below what studios in Ritaj K were fetching at the time (AED 1,523). 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. 120's AED 27,000 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

120, Ritaj K in numbers

  • Sold twice: first on 18 June 2014 for AED 499,000, last on 19 March 2017 for AED 450,000 (AED 1,442 per sqft).
  • Rented since June 2014 on 4 Ejari contracts, from AED 24,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2017 price is 6.0%, 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 1 November 2018.

Questions about 120, Ritaj K

What did unit 120 last sell for?

AED 450,000 on 19 March 2017: AED 1,442 per sqft for 312 sqft. The unit has 2 registered sales; the first was AED 499,000 in June 2014.

What is the rent for unit 120?

AED 27,000 a year on the contract signed on 1 November 2018. The previous contract, from September 2017, was AED 33,000; the unit has been rented since June 2014.

How big is unit 120?

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

What is unit 120 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 120, Ritaj K

Starts from the last sale price (AED 450K, 19 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →