Dubai Investments (DI) today announced the much-anticipated completion of phase-two of Ritaj, a high quality residential complex situated in Dubai Investments Park in Jebel Ali,comprising 598 units spread across five blocks with100studio,264one-bedroom, 194two-bedroom and 40three-bedroom apartments.
Overall, the flagship residential complex has 2,024 units with a judicious mix of 1,343 studio, 447 one bedroom, 194 two bedroom and 40 three bedroom apartments.
With the completion of RITAJ, residents are just a step away from moving into their dream homes as the development offers flexible options to buy, rent, or rent-to-own a property.In the lead up to its completion, over 61% per cent of the well-appointed apartments havealready been sold. However, 236 units are now open for leaseand rent-to-own.
Located in Dubai Investments Park (DIP) and epitomising the concept of affordable luxury, 'RITAJ' has a total built-up area of 2,580,000 square ft, covering 11 residential blocks spread over two development phases. The first phase of the project that was handed over in 2010 consists of six apartment blocks with a total of 1,426 units including 1,243 studio apartments and 183 one-bedroom apartments.
ObaidAl Salami, General Manager, Dubai Investments Real Estate Company (DIRC),the real estate arm of DI, said:“RITAJis a testimony to our expertise ofdeveloping unparalleled housing in Dubai. The launch of RITAJ marks ourcommitment to continually develop properties with modern design concepts that meetinternational standards. With the completion of the entire project,Ritajis now the centerpiece of the residential zone in DIP.
“Our vision at DIRC has been to provide exclusivity in terms of quality of constructionand state-of-the-art facilities for our valued customers. More importantly, the flexible owning options have been introduced after careful analysis of the current market conditions. The apartments were originally intended only for sale but we decided to make it easy for our customers by offering them the lease option as well. The completion of RITAJ reaffirms the resilience of the region’s real estate sector.”
With premier design standards, quality amenities and high-end features, Ritaj promotes harmonious living within the community. Spread across 100,000 sq. metres area, the upscale residential complex is fully equipped with facilities such aslandscaped gardens, swimming pools, jogging tracks, kids’ play area, a shopping mall, supermarkets, restaurants, cafes, medical facilities and a mosque. The self-contained development also features multi-storey covered parking spaces, 24-hour security, maintenance and cleaning services.