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

1702, Rimal 1

Sold prices and rental history: sold twice, last in October 2007, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 26 January 2023
Last soldAED 1.65M16 October 2007
Current rentAED 70K /yr26 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Rimal 1

What is 1702 worth today?

Last sold for AED 1,650,000 in 2007

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26 Jan 2023RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
9 Apr 2022RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
10 Apr 2021RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
25 Feb 2019RentedRenewal
AED 125,000/yr12 months · AED 97 per sqft
25 Feb 2018RentedRenewal
AED 125,000/yr12 months · AED 97 per sqft
25 Feb 2017RentedNew contract
AED 125,000/yr12 months · AED 97 per sqft
15 Apr 2014RentedNew contract
AED 125,000/yr12 months · AED 97 per sqft
16 Oct 2007SoldReady
AED 1,650,000AED 1,275 per sqft

Source: Dubai Land Department. Updated 26 January 2023.

Key facts

Type
2-bed apartment
Size
1,294 sqft
Floor
17th of 47
Parking
B705
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 1.65M · October 2007
Building
Rimal 1

About 1702, Rimal 1

1702 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 16 October 2007 for AED 1,650,000, or AED 1,275 per sqft, 121% above the AED 578 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 26 January 2023, is AED 70,000 a year: a gross yield of 4.2% on the 2007 price, before the service charge of about AED 20,300 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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, October 2007: AED 1,650,000 (AED 1,275 per sqft)Sold by developer, October 2007: AED 820,000 (AED 633 per sqft)

1702 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, 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, April 2014: AED 125,000 a yearNew contract, February 2017: AED 125,000 a yearRenewal, February 2018: AED 125,000 a yearRenewal, February 2019: AED 125,000 a yearNew contract, April 2021: AED 70,000 a yearNew contract, April 2022: AED 70,000 a yearNew contract, January 2023: AED 70,000 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 1702 sits

All 211 2-beds →

1702 last sold in October 2007 at AED 1,275 per sqft, 121% above what two-beds in Rimal 1 were fetching at the time (AED 578). 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. 1702's AED 70,000 is at the bottom 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 17th floor

All 310 units in Rimal 1
Value
17012-bedAED 2.1M · Aug 2009
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

1702, Rimal 1 in numbers

  • Sold twice: first on 1 October 2007 for AED 820,000, last on 16 October 2007 for AED 1,650,000 (AED 1,275 per sqft).
  • Rented since April 2014 on 7 Ejari contracts, from AED 125,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2007 price is 4.2%, 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 1,478 per sqft.

Source: Dubai Land Department. Updated 26 January 2023.

Questions about 1702, Rimal 1

What did unit 1702 last sell for?

AED 1,650,000 on 16 October 2007: AED 1,275 per sqft for 1,294 sqft. The unit has 2 registered sales; the first was AED 820,000 in October 2007.

What is the rent for unit 1702?

AED 70,000 a year on the contract signed on 26 January 2023. The previous contract, from April 2022, was AED 70,000; the unit has been rented since April 2014.

How big is unit 1702?

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 1702 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 1702, Rimal 1

Starts from the last sale price (AED 1.65M, 16 October 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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