DIRC completes handover of ‘Ritaj’ Phase 1
Dubai Investments Real Estate Company (DIRC), the real estate arm of Dubai Investments PJSC, has completed the handover of Phase 1 of ‘Ritaj’– a modern residential complex located in Dubai Investments Park which epitomizes the concept of affordable luxury.
All apartments in the first phase of the project have been handed over to owners and the work on the second phase is progressing on schedule and is expected to be completed by April 2010.
“We are proud to have lived up to our promise to customers despite the challenging market situation,” said Obaid Al Salami, General Manager of Dubai Investments Real Estate Company. “Ritaj was launched to bring quality residential space within the reach of a wide cross-section of people, and the project features a range of modern facilities to provide a comfortable living environment for residents.”
‘Ritaj’ has a total built-up area of 2,580,000 square feet, covering 11 residential blocks spread over two development phases. The first phase of the project consists of six apartment blocks with a total of 1,426 units, including 1,243 studio apartments and 183 one-bedroom apartments.
Residents at ‘Ritaj’ will enjoy fully serviced accommodation, which includes 24-hour security, maintenance and cleaning. A key highlight of the project is the fully-equipped community center, which will have a host of amenities such as swimming pool, children play areas, green areas, jogging tracks, restaurants, cafes, supermarket, clinics, pharmacy, salon, and mosque, effectively turning ‘Ritaj’ into a self-contained community.
Meanwhile, construction is proceeding apace on the second phase of the project, which will comprise 598 apartments spread across 5 blocks, including 100 studio apartments, 264 one-bedroom apartments, 194 two-bedroom apartments and 40 three-bedroom apartments.
“Phase-2 offers a wide choice of well-appointed apartments, and is scheduled for an April 2010 completion,” Al Salami said. “Once the entire project is completed, Ritaj is certain to become the centerpiece of the residential zone in DIP.”
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