Ritaj E, Dubai Investment Park Second

Ritaj E is a residential building in Dubai Investment Park Second, Dubai, developed by Dubai Investments. It holds about 175 units: 1-bedroom apartments, 2-bedroom apartments. Depending on the unit, windows look out over Community.

The building was completed in 2011 and has been in use for about 15 years. 35 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 708 per sq ft.

Ritaj E is one of 77 buildings in Dubai Investment Park Second: 11 are complete and 48 are still being built.

• A residential ready building
• Located in Dubai Investment Park Second, Dubai
• Developed by Dubai Investments
• Completed in Q2 2011
• Unit types: 1 Bed, 2 Beds
• Sizes from 800 to 1,550 sq ft
• Views: Community View
• Service charge from AED 7.74 per sq ft
• Jumeirah Golf Estates metro station 5.1 km away

Status

Ready

Developer

Dubai Investments

Location

Dubai Investment Park Second, Dubai

Completed

Q2 2011

Unit types

1 Bed, 2 Beds

Prices from

AED 564.0K

Median price per sq ft

AED 708

Median gross yield

9.1%

Service charge

AED 7.74 per sq ft (2018)

Nearest metro

Jumeirah Golf Estates Interchange, 5.1 km

Price ranges from the most recent registered sales, by unit type:

• 1-bedroom apartments: AED 520.0K to AED 659.6K (816 to 859 sq ft), across 18 sales
• 2-bedroom apartments: AED 900.0K to AED 950.0K (1,540 to 1,544 sq ft), across 2 sales

1-bedroom homes in Ritaj E were let for AED 56.0K to AED 68.0K a year across 3 recent contracts, with a median of AED 60.0K.

Yearly rents from recent registered contracts, by unit type:

• 1-bedroom apartments: AED 56.0K to AED 68.0K a year (828 to 829 sq ft), across 3 contracts
• 2-bedroom apartments: AED 85.0K a year (1,544 sq ft)

Every sale in Ritaj EEvery rent contract in Ritaj E

The 2018 service charge in Ritaj E is AED 7.74 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Source: Dubai Land Department service charge index. Rates are reviewed each year.

The nearest Dubai Metro station from Ritaj E is Jumeirah Golf Estates (red line, 5.1 km, about 12 min drive), then Dubai Investment Park (red line, 5.2 km, about 12 min drive). Stations planned on new lines nearby include Jumeirah Golf Estates Interchange (golden line, 5.1 km, about 12 min drive) and Dubai Production City (golden line, 5.6 km, about 13 min drive). Most residents will drive or take a taxi to the metro.

• Jumeirah Golf Estates InterchangeGolden line · 5.1 km · about 12 min drive
• Jumeirah Golf EstatesRed line · 5.1 km · about 12 min drive
• Dubai Investment ParkRed line · 5.2 km · about 12 min drive
• Dubai Production CityGolden line · 5.6 km · about 13 min drive
• Expo 2020Red line · 6.3 km · about 15 min drive
• Al FurjanRed line · 7 km · about 16 min drive

The closest is Spinneys / Green Community (Located in Emirates Road), 4.2 km from Ritaj E (about 10 min drive).

• Spinneys / Green Community (Located in Emirates Road)Supermarket · 4.2 km · about 10 min drive
• Arena MallShopping Mall · 6.8 km · about 16 min drive
• Jumeirah Park Pavilion (Community Center)Shopping Mall · 7.4 km · about 17 min drive
• Uptown Motor CityShopping Mall · 7.7 km · about 17 min drive

The nearest is Greenfield International School, 2 km away. Ratings are the KHDA's latest inspection grades.

• Greenfield International SchoolInternational Baccalaureate · KHDA: Very good · 2 km
• Bright Riders SchoolIndian · KHDA: Good · 3.2 km
• Al Nibras International Private SchoolAmerican · KHDA: Good · 3.4 km
• South View School L.L.CUK · KHDA: Good · 4.6 km
• GEMS Founders School DS DWC-LLCUK · KHDA: Not inspected yet · 4.8 km
• The International School of Choueifat (Branch)SABIS (UK/US) · KHDA: Acceptable · 4.8 km

Dubai Investment Park Second has 77 buildings. A few others to compare Ritaj E with:

• Ready

  Centurion Residence - Tower 1

  Dubai Investment Park Second · Dubai Investments

  Completed 2017

• Ready

  Centurion Residence - Tower 2

  Dubai Investment Park Second · Dubai Investments

  Completed 2017

• Off-plan

  Damac Riverlink

  Dubai Investment Park Second · DAMAC

  Handover 31 Mar 2029 · 0% built

• Off-plan

  Damac Riverside - IVY

  Dubai Investment Park Second · DAMAC

  Handover 31 Dec 2027 · 38% built

• Off-plan

  Damac Riverside - Lush

  Dubai Investment Park Second · DAMAC

  Handover 31 Dec 2027 · 42% built

• Off-plan

  DAMAC RIVERSIDE - OLIVE

  Dubai Investment Park Second · DAMAC

  Handover 30 Jun 2028 · 6% built