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Studio · 314 sqftRitaj K, Dubai Investment Park Second · 3rd floor

332, Ritaj K

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

Unit 332 · DLD and Ejari recordsUpdated 10 January 2024
Last soldAED 440K27 August 2015
Current rentAED 24K /yr10 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 332, Ritaj K

What is 332 worth today?

Last sold for AED 440,000 in 2015

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10 Jan 2024RentedRenewal
AED 23,500/yr12 months · AED 75 per sqft
10 Jan 2023RentedRenewal
AED 22,000/yr12 months · AED 70 per sqft
10 Jan 2021RentedRenewal
AED 17,000/yr12 months · AED 54 per sqft
10 Jan 2019RentedRenewal
AED 28,000/yr12 months · AED 90 per sqft
10 Jan 2018RentedNew contract
AED 32,000/yr12 months · AED 103 per sqft
27 Aug 2015Sold by developerReady
AED 440,000AED 1,402 per sqft
5 May 2015RentedNew contract
AED 44,000/yr12 months · AED 141 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2024.

Key facts

Type
Studio apartment
Size
314 sqft
Floor
3rd of 5
Parking
Building 17-1A-04
Service charge
AED 6,800 /yr
Last sold
AED 440K · August 2015
Building
Ritaj K

About 332, Ritaj K

332 is a studio of 314 sqft on the 3rd floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. The developer sold it on 27 August 2015 for AED 440,000, or AED 1,402 per sqft, 12% below the AED 1,599 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 10 January 2024, is AED 23,500 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 6,800 a year.

Sales and rents for 332 over time

Sales
Unit 332, 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 2015: AED 440,000 (AED 1,402 per sqft)

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

Rents
Unit 332, 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, May 2015: AED 44,000 a yearNew contract, January 2018: AED 32,000 a yearRenewal, January 2019: AED 28,000 a yearRenewal, January 2021: AED 17,000 a yearRenewal, January 2023: AED 22,000 a yearRenewal, January 2024: AED 23,500 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 332 sits

All 218 studios →

332 last sold in August 2015 at AED 1,402 per sqft, 12% below what studios in Ritaj K were fetching at the time (AED 1,599). 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. 332's AED 23,500 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 3rd floor

All 219 units in Ritaj K
Value
301StudioNo registered sale
302StudioNo registered sale
303StudioNo registered sale
304StudioNo registered sale
305StudioNo registered sale
306StudioNo registered sale
307StudioNo registered sale
1–7 of 39

332, Ritaj K in numbers

  • Sold once: by the developer on 27 August 2015 for AED 440,000, or AED 1,402 per sqft.
  • Rented since May 2015 on 6 Ejari contracts. The rent fell from AED 44,000 to AED 17,000 in 2021 and recovered to AED 23,500 by January 2024.
  • At AED 23,500 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 6,800 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 10 January 2024.

Questions about 332, Ritaj K

What did unit 332 last sell for?

AED 440,000 on 27 August 2015, sold by the developer: AED 1,402 per sqft for 314 sqft. It is the only registered sale of the unit.

What is the rent for unit 332?

AED 23,500 a year on the contract renewed on 10 January 2024. The previous contract, from January 2023, was AED 22,000; the unit has been rented since May 2015.

How big is unit 332?

314 sqft (29.2 sqm): a studio on the 3rd floor of a 5-storey tower.

What is unit 332 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 332, Ritaj K

Starts from the last sale price (AED 440K, 27 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →