Ritaj, a modern residential complex developed by Dubai Investments Real Estate Company (DIRC), is offering prospective investors a return on investment (ROI) of 8.5 per cent in the short-term.

With the last few units up for ownership or rent at the iconic development located within the Dubai Investments Park (DIP), Ritaj is likely to witness heightened interest from the investing community, a company statement said.

Spread over 2,580,000 sq ft, covering 11 residential blocks, Ritaj encompasses a total of 1,343 spacious studio apartments, 447 bedroom apartments, 194 two bedroom apartments and 40 three bedroom apartments.

Offering unmatched amenities, proximity to Dubai and Abu Dhabi and other commercial hubs, an in-house shopping mall, retail shops along with the other facilities, Ritaj offers affordable luxury as well as a refreshing lifestyle away from the bustle of the city, said Obaid Al Salami, general manager of DIRC.

“Ritaj has set a new benchmark for modern lifestyle in Dubai. The project offers a ROI of approximately 8.5 per cent – this is unmatched by any project in Dubai and is a great value for investment for our buyers,” Al Salami said.

“We offer our potential buyers and tenants affordable units with top lifestyle amenities without compromising on quality. Our vision is to provide exclusivity in terms of quality of construction and state-of-the-art facilities for our customers.”

He added: “The end-user market has grown in Dubai, and the success of the green, gated development such as Ritaj reinforces the strong demand for family communities in the UAE. In short, Ritaj has provided a practical solution for investors with its price-point and value for money.”

Ritaj also provides 24x7 security, maintenance and cleaning services for the convenience of tenants & residents, Al Salami highlighted.

Retail offerings include a large supermarket, a variety of luxurious restaurants and cafes, medical facilities, spa-inspired swimming pools, play areas, gymnasiums, mosques and plenty of parking spaces. – TradeArabia News Service