1508, Rimal 1
Sold prices and rental history: sold once, by the developer in November 2007, and rented continuously since 2010. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Rimal 1
What is 1508 worth today?
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Source: Dubai Land Department. Updated 15 October 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,919 sqft
- Floor
- 15th of 47
- Parking
- M514/M515
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 30,200 /yr
- Last sold
- AED 699K · November 2007
- Building
- Rimal 1
About 1508, Rimal 1
1508 is a three-bedroom apartment of 1,919 sqft on the 15th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 12 November 2007 for AED 699,000, or AED 364 per sqft, in line with the AED 364 three-beds in the building were fetching at the time.
It has been rented continuously since 2010 on 8 Ejari contracts. The current contract, signed on 15 October 2023, is AED 175,000 a year: a gross yield of 25.0% on the 2007 price, before the service charge of about AED 30,200 a year.
Sales and rents for 1508 over time
1508 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Rimal 1, and where 1508 sits
All 60 3-beds →1508 last sold in November 2007 at AED 364 per sqft, in line with what three-beds in Rimal 1 were fetching at the time (AED 364). Over the last 12 months three-beds sold for AED 2,619,378 to 3,100,000, around AED 1,406 per sqft, and rent for AED 50,000 to 280,000 a year. 1508's AED 175,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Aug 202627 August 2026 | 1,919 sqft | 2,650,000 | 1,380 | ||
| 18 Aug 202618 August 2026 | 1,919 sqft | 2,700,000 | 1,406 | ||
| 9 Mar 20269 March 2026 | 1,919 sqft | 3,100,000 | 1,615 | ||
| 22 Dec 202522 December 2025 | 1,919 sqft | 2,619,378 | 1,364 |
Rimal 1
Building310 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%
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 | |
| 1506 | 2-bed | 1,388 sqft | AED 1.28MAED 1,283,000 · Sep 2020September 2020 | 60,000 /yr | |
| 1507 | 3-bed | 1,919 sqft | AED 2.01MAED 2,013,650 · Oct 2009October 2009 | 180,000 /yr |
1508, Rimal 1 in numbers
- Sold once: by Dubai Properties on 12 November 2007 for AED 699,000, or AED 364 per sqft.
- Rented since April 2010 on 8 Ejari contracts. The rent fell from AED 155,000 to AED 90,000 in 2021 and recovered to AED 175,000 by October 2023.
- At AED 175,000 a year the gross yield on the 2007 price is 25.0%, before a service charge of about AED 30,200 a year (AED 15.73 per sqft).
- Three-beds in Rimal 1 sold for AED 2,619,378–3,100,000 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 15 October 2023.
Questions about 1508, Rimal 1
What did unit 1508 last sell for?
AED 699,000 on 12 November 2007, sold by the developer: AED 364 per sqft for 1,919 sqft. It is the only registered sale of the unit.
What is the rent for unit 1508?
AED 175,000 a year on the contract signed on 15 October 2023. The previous contract, from July 2022, was AED 180,000; the unit has been rented since April 2010.
How big is unit 1508?
1,919 sqft (178.3 sqm): a three-bedroom apartment on the 15th floor of a 47-storey tower completed in 2007.
What is unit 1508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rimal 1 sold for AED 2,619,378 to 3,100,000 in the last 12 months, around AED 1,406 per sqft.
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Mortgage on 1508, Rimal 1
Starts from the last sale price (AED 699K, 12 November 2007). Switch to today's estimate once you have unlocked it.- Price
- AED 699,000
- Deposit, UAE resident (20%)
- AED 139,800
- Deposit, non-resident (40%)
- AED 279,600
- Monthly over 25 years at 3.7%
- AED 2,860
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →