1506, Rimal 1
Sold prices and rental history: sold 4 times, last in September 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Rimal 1
What is 1506 worth today?
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Source: Dubai Land Department. Updated 2 September 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,388 sqft
- Floor
- 15th of 47
- Parking
- B586
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 21,800 /yr
- Last sold
- AED 1.28M · September 2020
- Building
- Rimal 1
About 1506, Rimal 1
1506 is a two-bedroom apartment of 1,388 sqft on the 15th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 2 September 2020 for AED 1,283,000, or AED 924 per sqft, in line with the AED 914 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 1 May 2019, is AED 60,000 a year: a gross yield of 4.7% on the 2020 price, before the service charge of about AED 21,800 a year.
Sales and rents for 1506 over time
1506 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 1506 sits
All 211 2-beds →1506 last sold in September 2020 at AED 924 per sqft, in line with what two-beds in Rimal 1 were fetching at the time (AED 914). 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. 1506's AED 60,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Oct 202630 October 2026 | 1,294 sqft | 1,682,377 | 1,300 | ||
| 9 Oct 20269 October 2026 | 1,294 sqft | 1,850,000 | 1,430 | ||
| 29 Sep 202629 September 2026 | 1,290 sqft | 2,250,000 | 1,743 | ||
| 23 Sep 202623 September 2026 | 1,405 sqft | 1,900,000 | 1,351 |
Rimal 1
Building310 apartments, 1-bed to 4-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 19 sold in the last 12 months.
- Typical price per sqft
- AED 1,449 Down 0.6%
- Typical sale
- AED 2.25M
- Typical rent
- AED 128K /yr
- Typical yield
- 6.4%
Other units on the 15th floor
All 310 units in Rimal 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 3-bed | 1,919 sqft | AED 2.56MAED 2,555,000 · Feb 2024February 2024 | 200,000 /yr | |
| 1502 | 3-bed | 1,919 sqft | AED 699KAED 699,000 · Nov 2012November 2012 | 180,000 /yr | |
| 1503 | 2-bed | 1,388 sqft | AED 820KAED 820,000 · Nov 2007November 2007 | ||
| 1504 | 2-bed | 1,388 sqft | AED 1.3MAED 1,300,000 · Aug 2009August 2009 | 130,000 /yr | |
| 1505 | 2-bed | 1,388 sqft | AED 2MAED 2,000,000 · Dec 2024December 2024 | 115,000 /yr | |
| 1507 | 3-bed | 1,919 sqft | AED 2.01MAED 2,013,650 · Oct 2009October 2009 | 180,000 /yr | |
| 1508 | 3-bed | 1,919 sqft | AED 699KAED 699,000 · Nov 2007November 2007 | 175,000 /yr |
1506, Rimal 1 in numbers
- Sold 4 times: first on 30 November 2008 for AED 830,000, last on 2 September 2020 for AED 1,283,000 (AED 924 per sqft).
- Rented since February 2014 on 4 Ejari contracts, from AED 125,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2020 price is 4.7%, 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 1,449 per sqft.
Source: Dubai Land Department. Updated 2 September 2020.
Questions about 1506, Rimal 1
What did unit 1506 last sell for?
AED 1,283,000 on 2 September 2020: AED 924 per sqft for 1,388 sqft. The unit has 4 registered sales; the first was AED 830,000 in November 2008.
What is the rent for unit 1506?
AED 60,000 a year on the contract signed on 1 May 2019. The previous contract, from May 2017, was AED 120,000; the unit has been rented since February 2014.
How big is unit 1506?
1,388 sqft (128.9 sqm): a two-bedroom apartment on the 15th floor of a 47-storey tower completed in 2007.
What is unit 1506 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 1506, Rimal 1
Starts from the last sale price (AED 1.28M, 2 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,283,000
- Deposit, UAE resident (20%)
- AED 256,600
- Deposit, non-resident (40%)
- AED 513,200
- Monthly over 25 years at 3.7%
- AED 5,249
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →