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Studio · 312 sqftRitaj K, Dubai Investment Park Second · 4th floor

407, Ritaj K

Sold prices and rental history: no registered sale, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 1 September 2024
Current rentAED 26K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Ritaj K

What is 407 worth today?

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1 Sep 2024RentedRenewal
AED 26,400/yr12 months · AED 84 per sqft
1 Sep 2023RentedRenewal
AED 24,000/yr12 months · AED 77 per sqft
1 Sep 2022RentedNew contract
AED 22,000/yr12 months · AED 70 per sqft
1 Jul 2021RentedNew contract
AED 23,000/yr14 months · AED 74 per sqft
16 May 2019RentedNew contract
AED 25,000/yr12 months · AED 80 per sqft
3 Jan 2016RentedNew contract
AED 42,000/yr12 months · AED 135 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2024.

Key facts

Type
Studio apartment
Size
312 sqft
Floor
4th of 5
Parking
Building 17-1A-19
Service charge
AED 6,700 /yr
Last sold
No registered sale
Building
Ritaj K

About 407, Ritaj K

407 is a studio of 312 sqft on the 4th floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. No sale of the unit is registered with the Dubai Land Department.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 26,400 a year, before the service charge of about AED 6,700 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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 440,000

No registered sale of 407; the dashed line is the studio median of each year in the building.

Rents
Unit 407, 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 2016: AED 42,000 a yearNew contract, May 2019: AED 25,000 a yearNew contract, July 2021: AED 23,000 a yearNew contract, September 2022: AED 22,000 a yearRenewal, September 2023: AED 24,000 a yearRenewal, September 2024: AED 26,400 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 407 sits

All 218 studios →

407's AED 26,400 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
0 studio sales in the last 12 months

Ritaj K

Building

219 apartments, studios over 5 floors in Dubai Investment Park Second. No sale in the last 12 months.

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

Other units on the 4th floor

All 219 units in Ritaj K
Value
401StudioNo registered sale
402StudioNo registered sale
403StudioNo registered sale
404StudioNo registered sale
405StudioNo registered sale
406StudioNo registered sale
408StudioNo registered sale
1–7 of 39

407, Ritaj K in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since January 2016 on 6 Ejari contracts. The rent fell from AED 42,000 to AED 22,000 in 2022 and recovered to AED 26,400 by September 2024.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2024.

Questions about 407, Ritaj K

What is the rent for unit 407?

AED 26,400 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 24,000; the unit has been rented since January 2016.

How big is unit 407?

312 sqft (29.0 sqm): a studio on the 4th floor of a 5-storey tower.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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