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Studio · 311 sqftRitaj K, Dubai Investment Park Second · Ground floor

G08, Ritaj K

Sold prices and rental history: sold once, by the developer in September 2014, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G08 · DLD and Ejari recordsUpdated 9 July 2024
Last soldAED 499K1 September 2014
Current rentAED 28K /yr9 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G08, Ritaj K

What is G08 worth today?

Last sold for AED 499,000 in 2014

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9 Jul 2024RentedNew contract
AED 28,000/yr12 months · AED 90 per sqft
11 Apr 2023RentedNew contract
AED 18,000/yr12 months · AED 58 per sqft
1 Sep 2014Sold by developerReady
AED 499,000AED 1,604 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 July 2024.

Key facts

Type
Studio apartment
Size
311 sqft
Floor
Ground of 5
Parking
Building 17-LBB-02
Service charge
AED 6,700 /yr
Last sold
AED 499K · September 2014
Building
Ritaj K

About G08, Ritaj K

G08 is a studio of 311 sqft on the ground floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. The developer sold it on 1 September 2014 for AED 499,000, or AED 1,604 per sqft, in line with the AED 1,604 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 9 July 2024, is AED 28,000 a year: a gross yield of 5.6% on the 2014 price, before the service charge of about AED 6,700 a year.

Sales and rents for G08 over time

Sales
Unit G08, 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, September 2014: AED 499,000 (AED 1,604 per sqft)

G08 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit G08, 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, April 2023: AED 18,000 a yearNew contract, July 2024: AED 28,000 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 G08 sits

All 218 studios →

G08 last sold in September 2014 at AED 1,604 per sqft, in line with what studios in Ritaj K were fetching at the time (AED 1,604). 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. G08's AED 28,000 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 ground floor

All 219 units in Ritaj K
Value
G01StudioNo registered sale
G02StudioAED 499K · Feb 2015
G03StudioAED 499K · Apr 2015
G04StudioNo registered sale
G05StudioAED 499K · Dec 2014
G06StudioAED 499K · Nov 2014
G07StudioNo registered sale
1–7 of 19

G08, Ritaj K in numbers

  • Sold once: by the developer on 1 September 2014 for AED 499,000, or AED 1,604 per sqft.
  • Rented since April 2023 on 2 Ejari contracts, from AED 18,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2014 price is 5.6%, 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 9 July 2024.

Questions about G08, Ritaj K

What did unit G08 last sell for?

AED 499,000 on 1 September 2014, sold by the developer: AED 1,604 per sqft for 311 sqft. It is the only registered sale of the unit.

What is the rent for unit G08?

AED 28,000 a year on the contract signed on 9 July 2024. The previous contract, from April 2023, was AED 18,000.

How big is unit G08?

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

What is unit G08 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 G08, Ritaj K

Starts from the last sale price (AED 499K, 1 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 499,000
Deposit, UAE resident (20%)
AED 99,800
Deposit, non-resident (40%)
AED 199,600
Monthly over 25 years at 3.7%
AED 2,042

Plus AED 23,868 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →