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

423, Ritaj K

Sold prices and rental history: no registered sale, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 423 · DLD and Ejari recordsUpdated 18 June 2024
Current rentAED 27K /yr18 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 423, Ritaj K

What is 423 worth today?

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18 Jun 2024RentedRenewal
AED 27,300/yr12 months · AED 87 per sqft
18 Jun 2023RentedNew contract
AED 25,000/yr12 months · AED 80 per sqft
1 Dec 2019RentedNew contract
AED 23,000/yr12 months · AED 74 per sqft
8 Oct 2016RentedNew contract
AED 42,000/yr12 months · AED 135 per sqft
23 May 2015RentedNew contract
AED 45,000/yr12 months · AED 144 per sqft

Source: Dubai Land Department. Updated 18 June 2024.

Key facts

Type
Studio apartment
Size
312 sqft
Floor
4th of 5
Parking
Building 17-1B-11
Service charge
AED 6,700 /yr
Last sold
No registered sale
Building
Ritaj K

About 423, Ritaj K

423 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 2015 on 5 Ejari contracts. The current contract, renewed on 18 June 2024, is AED 27,300 a year, before the service charge of about AED 6,700 a year.

Sales and rents for 423 over time

Sales
Unit 423, each saleTypical studio in Ritaj K
400K500K2014201820222026Typical sale price by year: 2014 AED 499,000; 2015 AED 440,000; 2016 AED 499,000; 2017 AED 440,000; 2026 AED 340,000

No registered sale of 423; the dashed line is the studio median of each year in the building.

Rents
Unit 423, each contractTypical studio in Ritaj K
20K40K2014201820222026Typical rent by year: 2014 AED 45,000; 2015 AED 44,000; 2016 AED 42,000; 2017 AED 42,000; 2018 AED 30,000; 2019 AED 24,750; 2020 AED 23,000; 2021 AED 22,000; 2022 AED 22,000; 2023 AED 23,500; 2024 AED 27,500; 2025 AED 32,000; 2026 AED 35,000New contract, May 2015: AED 45,000 a yearNew contract, October 2016: AED 42,000 a yearNew contract, December 2019: AED 23,000 a yearNew contract, June 2023: AED 25,000 a yearRenewal, June 2024: AED 27,300 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 423 sits

All 219 studios →

Over the last 12 months studios sold for AED 332,000 to 355,000, around AED 1,086 per sqft, and rent for AED 20,000 to 42,000 a year. 423's AED 27,300 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Oct 2026340,000
21 Apr 2026340,000
1 Apr 2026355,000
13 Nov 2025332,000
4 studio sales in the last 12 months

Ritaj K

Building

219 apartments, studios over 5 floors in Dubai Investment Park Second. 4 sold in the last 12 months.

Typical price per sqft
AED 1,086
Typical sale
AED 340K
Typical rent
AED 35K /yr
Typical yield
10.2%
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
407StudioNo registered sale
1–7 of 39

423, Ritaj K in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since May 2015 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 23,000 in 2019 and recovered to AED 27,300 by June 2024.
  • Studios in Ritaj K sold for AED 332,000–355,000 in the 12 months to November 2026; the building's median across all types is AED 1,086 per sqft.

Source: Dubai Land Department. Updated 18 June 2024.

Questions about 423, Ritaj K

What is the rent for unit 423?

AED 27,300 a year on the contract renewed on 18 June 2024. The previous contract, from June 2023, was AED 25,000; the unit has been rented since May 2015.

How big is unit 423?

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

What is unit 423 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 355,000 in the last 12 months, around AED 1,086 per sqft.

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