1602, Rimal 1
Sold prices and rental history: sold 3 times, last in June 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Rimal 1
What is 1602 worth today?
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Source: Dubai Land Department. Updated 5 July 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,898 sqft
- Floor
- 16th of 47
- Parking
- M602/ M603
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 29,900 /yr
- Last sold
- AED 3.5M · June 2008
- Building
- Rimal 1
About 1602, Rimal 1
1602 is a two-bedroom apartment of 1,898 sqft on the 16th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 23 June 2008 for AED 3,500,000, or AED 1,843 per sqft, 191% above the AED 633 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 5 July 2025, is AED 230,000 a year: a gross yield of 6.6% on the 2008 price, before the service charge of about AED 29,900 a year.
Sales and rents for 1602 over time
1602 has sold 3 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 1602 sits
All 211 2-beds →1602 last sold in June 2008 at AED 1,843 per sqft, 191% above what two-beds in Rimal 1 were fetching at the time (AED 633). Over the last 12 months two-beds sold for AED 1,682,377 to 3,150,000, around AED 1,449 per sqft, and rent for AED 70,296 to 280,000 a year. 1602's AED 230,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Nov 20266 November 2026 | 1,405 sqft | 2,000,000 | 1,423 | ||
| 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 |
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 130K /yr
- Typical yield
- 6.4%
Other units on the 16th floor
All 310 units in Rimal 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,898 sqft | AED 2MAED 2,000,000 · Oct 2016October 2016 | 70,296 /yr | |
| 1603 | 2-bed | 1,405 sqft | AED 1.17MAED 1,173,000 · Nov 2008November 2008 | 95,634 /yr | |
| 1604 | 2-bed | 1,405 sqft | AED 1.46MAED 1,460,000 · Mar 2023March 2023 | 121,000 /yr | |
| 1605 | 2-bed | 1,405 sqft | AED 1.33MAED 1,325,000 · Oct 2007October 2007 | 144,000 /yr | |
| 1606 | 2-bed | 1,405 sqft | AED 820KAED 820,000 · Sep 2013September 2013 | 110,000 /yr | |
| 1607 | 2-bed | 1,898 sqft | AED 3.2MAED 3,200,000 · May 2008May 2008 | ||
| 1608 | 2-bed | 1,898 sqft | AED 1.44MAED 1,443,348 · Apr 2009April 2009 | 145,000 /yr |
1602, Rimal 1 in numbers
- Sold 3 times: first on 1 October 2007 for AED 870,000, last on 23 June 2008 for AED 3,500,000 (AED 1,843 per sqft).
- Rented since July 2013 on 12 Ejari contracts. The rent fell from AED 140,000 to AED 90,000 in 2022 and recovered to AED 230,000 by July 2025.
- At AED 230,000 a year the gross yield on the 2008 price is 6.6%, before a service charge of about AED 29,900 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 5 July 2025.
Questions about 1602, Rimal 1
What did unit 1602 last sell for?
AED 3,500,000 on 23 June 2008: AED 1,843 per sqft for 1,898 sqft. The unit has 3 registered sales; the first was AED 870,000 in October 2007.
What is the rent for unit 1602?
AED 230,000 a year on the contract renewed on 5 July 2025. The previous contract, from July 2024, was AED 230,000; the unit has been rented since July 2013.
How big is unit 1602?
1,898 sqft (176.3 sqm): a two-bedroom apartment on the 16th floor of a 47-storey tower completed in 2007.
What is unit 1602 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 1,449 per sqft.
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Mortgage on 1602, Rimal 1
Starts from the last sale price (AED 3.5M, 23 June 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →