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Studio · 312 sqftRitaj K, Dubai Investment Park Second · 2nd floor

220, Ritaj K

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 220 · DLD and Ejari recordsUpdated 8 October 2024
Last soldAED 285K1 March 2024
Current rentAED 31K /yr8 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 220, Ritaj K

What is 220 worth today?

Last sold for AED 285,000 in 2024

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8 Oct 2024RentedNew contract
AED 31,000/yr12 months · AED 99 per sqft
1 Mar 2024SoldReady
AED 285,000AED 913 per sqft
8 Oct 2023RentedNew contract
AED 26,000/yr12 months · AED 83 per sqft
20 Sep 2022RentedNew contract
AED 22,000/yr12 months · AED 70 per sqft
24 Jun 2022RentedNew contract
AED 24,000/yr12 months · AED 77 per sqft
25 Feb 2020RentedNew contract
AED 22,000/yr12 months · AED 70 per sqft
15 Jan 2019RentedNew contract
AED 30,000/yr12 months · AED 96 per sqft
25 Oct 2017RentedRenewal
AED 48,000/yr12 months · AED 154 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 October 2024.

Key facts

Type
Studio apartment
Size
312 sqft
Floor
2nd of 5
Parking
Building 17-UBB-24
Service charge
AED 6,700 /yr
Last sold
AED 285K · March 2024
Building
Ritaj K

About 220, Ritaj K

220 is a studio of 312 sqft on the 2nd floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. It last sold on 1 March 2024 for AED 285,000, or AED 913 per sqft, 12% below the AED 1,034 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 8 October 2024, is AED 31,000 a year: a gross yield of 10.9% on the 2024 price, before the service charge of about AED 6,700 a year.

Sales and rents for 220 over time

Sales
Unit 220, each saleTypical studio in Ritaj K
400K2014201720202023Typical sale price by year: 2014 AED 499,000; 2015 AED 440,000; 2016 AED 499,000; 2017 AED 440,000Sold by developer, October 2014: AED 511,000 (AED 1,637 per sqft)Sold, March 2024: AED 285,000 (AED 913 per sqft)

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

Rents
Unit 220, 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, October 2014: AED 48,000 a yearRenewal, October 2015: AED 48,000 a yearRenewal, October 2016: AED 48,000 a yearRenewal, October 2017: AED 48,000 a yearNew contract, January 2019: AED 30,000 a yearNew contract, February 2020: AED 22,000 a yearNew contract, June 2022: AED 24,000 a yearNew contract, September 2022: AED 22,000 a yearNew contract, October 2023: AED 26,000 a yearNew contract, October 2024: AED 31,000 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 220 sits

All 218 studios →

220 last sold in March 2024 at AED 913 per sqft, 12% below what studios in Ritaj K were fetching at the time (AED 1,034). 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. 220's AED 31,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
27 Feb 2025310,000
2 Feb 2024323,000
5 Jun 2023354,547
17 Mar 2022398,412
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 2nd floor

All 219 units in Ritaj K
Value
201StudioAED 525K · Jun 2014
202StudioNo registered sale
203StudioAED 355K · Jun 2023
204StudioAED 515K · Jun 2014
205StudioAED 310K · Feb 2025
206StudioNo registered sale
207StudioNo registered sale
1–7 of 39

220, Ritaj K in numbers

  • Sold twice: first on 1 October 2014 for AED 511,000, last on 1 March 2024 for AED 285,000 (AED 913 per sqft).
  • Rented since October 2014 on 10 Ejari contracts. The rent fell from AED 48,000 to AED 22,000 in 2022 and recovered to AED 31,000 by October 2024.
  • At AED 31,000 a year the gross yield on the 2024 price is 10.9%, 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 8 October 2024.

Questions about 220, Ritaj K

What did unit 220 last sell for?

AED 285,000 on 1 March 2024: AED 913 per sqft for 312 sqft. The unit has 2 registered sales; the first was AED 511,000 in October 2014.

What is the rent for unit 220?

AED 31,000 a year on the contract signed on 8 October 2024. The previous contract, from October 2023, was AED 26,000; the unit has been rented since October 2014.

How big is unit 220?

312 sqft (29.0 sqm): a studio on the 2nd floor of a 5-storey tower.

What is unit 220 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 220, Ritaj K

Starts from the last sale price (AED 285K, 1 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 285,000
Deposit, UAE resident (20%)
AED 57,000
Deposit, non-resident (40%)
AED 114,000
Monthly over 25 years at 3.7%
AED 1,166

Plus AED 14,880 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →