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2-bed · 1,388 sqftRimal 1, Jumeirah Beach Residence · 12th floor · completed 2007

1203, Rimal 1

Sold prices and rental history: sold once, by the developer in November 2007, and rented once, from March 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 24 March 2022
Last soldAED 1.55M4 November 2007
Current rentAED 150K /yr24 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Rimal 1

What is 1203 worth today?

Last sold for AED 1,550,000 in 2007

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24 Mar 2022RentedNew contract
AED 150,000/yr12 months · AED 108 per sqft
4 Nov 2007Sold by developerReady
AED 1,550,000AED 1,116 per sqft

Source: Dubai Land Department. Updated 24 March 2022.

Key facts

Type
2-bed apartment
Size
1,388 sqft
Floor
12th of 47
Parking
B589
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,800 /yr
Last sold
AED 1.55M · November 2007
Building
Rimal 1

About 1203, Rimal 1

1203 is a two-bedroom apartment of 1,388 sqft on the 12th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 4 November 2007 for AED 1,550,000, or AED 1,116 per sqft, 91% above the AED 583 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 March 2022. The current contract, signed on 24 March 2022, is AED 150,000 a year: a gross yield of 9.7% on the 2007 price, before the service charge of about AED 21,800 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical two-bed in Rimal 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 820,000; 2008 AED 830,000; 2009 AED 1,250,000; 2010 AED 1,440,000; 2011 AED 1,240,000; 2012 AED 1,375,000; 2013 AED 1,550,000; 2014 AED 2,300,000; 2015 AED 2,000,000; 2016 AED 1,725,000; 2017 AED 1,800,000; 2018 AED 1,600,000; 2019 AED 1,315,000; 2020 AED 1,175,000; 2021 AED 1,411,111; 2022 AED 1,800,000; 2023 AED 1,797,500; 2024 AED 2,085,000; 2025 AED 2,075,000; 2026 AED 1,950,000Sold by developer, November 2007: AED 1,550,000 (AED 1,116 per sqft)

1203 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1203, each contractTypical two-bed in Rimal 1
100K150K2012201620202024Typical rent by year: 2012 AED 109,844; 2013 AED 111,406; 2014 AED 126,500; 2015 AED 132,563; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 114,000; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 80,000; 2022 AED 94,938; 2023 AED 120,500; 2024 AED 130,000; 2025 AED 135,000; 2026 AED 126,000New contract, March 2022: AED 150,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Rimal 1, and where 1203 sits

All 211 2-beds →

1203 last sold in November 2007 at AED 1,116 per sqft, 91% above what two-beds in Rimal 1 were fetching at the time (AED 583). Over the last 12 months two-beds sold for AED 1,682,377 to 3,150,000, around AED 1,478 per sqft, and rent for AED 70,296 to 280,000 a year. 1203's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Oct 20261,682,377
9 Oct 20261,850,000
29 Sep 20262,250,000
23 Sep 20261,900,000
12 2-bed sales in the last 12 months

Rimal 1

Building

310 apartments, 1-bed to 4-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 18 sold in the last 12 months.

Typical price per sqft
AED 1,478 Up 1.4%
Typical sale
AED 2.25M
Typical rent
AED 130K /yr
Typical yield
6.2%
Rimal 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 12th floor

All 310 units in Rimal 1
Value
12013-bedAED 2.6M · Jan 2025
12023-bedAED 1.56M · Oct 2020
12042-bedAED 2.05M · May 2008
12052-bedAED 2.4M · Apr 2024
12062-bedAED 2.15M · Aug 2024
12073-bedAED 2.2M · Oct 2012

1203, Rimal 1 in numbers

  • Sold once: by Dubai Properties on 4 November 2007 for AED 1,550,000, or AED 1,116 per sqft.
  • Rented since March 2022 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2007 price is 9.7%, before a service charge of about AED 21,800 a year (AED 15.73 per sqft).
  • Two-beds in Rimal 1 sold for AED 1,682,377–3,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.

Source: Dubai Land Department. Updated 24 March 2022.

Questions about 1203, Rimal 1

What did unit 1203 last sell for?

AED 1,550,000 on 4 November 2007, sold by the developer: AED 1,116 per sqft for 1,388 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 150,000 a year on the contract signed on 24 March 2022.

How big is unit 1203?

1,388 sqft (128.9 sqm): a two-bedroom apartment on the 12th floor of a 47-storey tower completed in 2007.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 1 sold for AED 1,682,377 to 3,150,000 in the last 12 months, around AED 1,478 per sqft.

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Mortgage on 1203, Rimal 1

Starts from the last sale price (AED 1.55M, 4 November 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →