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2-bed · 1,294 sqftRimal 1, Jumeirah Beach Residence · 17th floor · completed 2007

1701, Rimal 1

Sold prices and rental history: sold 3 times, last in August 2009, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 2.1M30 August 2009
Current rentAED 115K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1701, Rimal 1

What is 1701 worth today?

Last sold for AED 2,100,000 in 2009

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1 Apr 2023RentedRenewal
AED 115,000/yr12 months · AED 89 per sqft
1 Apr 2022RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
10 Feb 2021RentedNew contract
AED 75,000/yr12 months · AED 58 per sqft
30 Aug 2009SoldReady
AED 2,100,000AED 1,623 per sqft
22 May 2008SoldReady
AED 2,450,000AED 1,894 per sqft
25 Dec 2007Sold by developerReady
AED 820,000AED 633 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
2-bed apartment
Size
1,294 sqft
Floor
17th of 47
Parking
B733
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 2.1M · August 2009
Building
Rimal 1

About 1701, Rimal 1

1701 is a two-bedroom apartment of 1,294 sqft on the 17th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 August 2009 for AED 2,100,000, or AED 1,623 per sqft, 132% above the AED 701 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 115,000 a year: a gross yield of 5.5% on the 2009 price, before the service charge of about AED 20,300 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, 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 1,975,000Sold by developer, December 2007: AED 820,000 (AED 633 per sqft)Sold, May 2008: AED 2,450,000 (AED 1,894 per sqft)Sold, August 2009: AED 2,100,000 (AED 1,623 per sqft)

1701 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in Rimal 1
100K2012201620202024Typical 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, February 2021: AED 75,000 a yearNew contract, April 2022: AED 100,000 a yearRenewal, April 2023: AED 115,000 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 1701 sits

All 211 2-beds →

1701 last sold in August 2009 at AED 1,623 per sqft, 132% above what two-beds in Rimal 1 were fetching at the time (AED 701). 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. 1701's AED 115,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Nov 20262,000,000
30 Oct 20261,682,377
9 Oct 20261,850,000
29 Sep 20262,250,000
13 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. 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%
Rimal 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 17th floor

All 310 units in Rimal 1
Value
17022-bedAED 1.65M · Oct 2007
17032-bedAED 1.9M · Dec 2015
17042-bedAED 2.4M · Jun 2008
17052-bedAED 1.5M · Jun 2021
17062-bedAED 830K · Dec 2008
17072-bedAED 1.95M · Apr 2024
17082-bedAED 1.56M · Oct 2008

1701, Rimal 1 in numbers

  • Sold 3 times: first on 25 December 2007 for AED 820,000, last on 30 August 2009 for AED 2,100,000 (AED 1,623 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 75,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2009 price is 5.5%, before a service charge of about AED 20,300 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 1 April 2023.

Questions about 1701, Rimal 1

What did unit 1701 last sell for?

AED 2,100,000 on 30 August 2009: AED 1,623 per sqft for 1,294 sqft. The unit has 3 registered sales; the first was AED 820,000 in December 2007.

What is the rent for unit 1701?

AED 115,000 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 100,000; the unit has been rented since February 2021.

How big is unit 1701?

1,294 sqft (120.2 sqm): a two-bedroom apartment on the 17th floor of a 47-storey tower completed in 2007.

What is unit 1701 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 1701, Rimal 1

Starts from the last sale price (AED 2.1M, 30 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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