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2-bed · 1,405 sqftRimal 1, Jumeirah Beach Residence · 23rd floor · completed 2007

2303, Rimal 1

Sold prices and rental history: sold once, by the developer in January 2012, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 25 May 2017
Last soldAED 410K10 January 2012
Current rentAED 120K /yr25 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2303, Rimal 1

What is 2303 worth today?

Last sold for AED 410,000 in 2012

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25 May 2017RentedRenewal
AED 120,000/yr12 months · AED 85 per sqft
25 May 2016RentedNew contract
AED 120,000/yr12 months · AED 85 per sqft
21 May 2015RentedNew contract
AED 120,000/yr12 months · AED 85 per sqft
10 Jan 2012Sold by developerReady
AED 410,000AED 291 per sqft

Source: Dubai Land Department. Updated 25 May 2017.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
23rd of 47
Parking
B690
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 410K · January 2012
Building
Rimal 1

About 2303, Rimal 1

2303 is a two-bedroom apartment of 1,405 sqft on the 23rd floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 10 January 2012 for AED 410,000, or AED 291 per sqft, 68% below the AED 896 two-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 25 May 2017, is AED 120,000 a year: a gross yield of 29.3% on the 2012 price, before the service charge of about AED 22,100 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, 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, January 2012: AED 410,000 (AED 291 per sqft)

2303 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2303, each contractTypical two-bed in Rimal 1
75K100K125K2012201620202024Typical 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, May 2015: AED 120,000 a yearNew contract, May 2016: AED 120,000 a yearRenewal, May 2017: AED 120,000 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 2303 sits

All 211 2-beds →

2303 last sold in January 2012 at AED 291 per sqft, 68% below what two-beds in Rimal 1 were fetching at the time (AED 896). 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. 2303's AED 120,000 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 23rd floor

All 310 units in Rimal 1
Value
23012-bedAED 2.2M · Dec 2024
23022-bedAED 1.75M · Feb 2025
23042-bedAED 599K · Jan 2009
23052-bedAED 1.67M · Feb 2013
23062-bedAED 1.2M · Aug 2011
23082-bedAED 2M · Jan 2015

2303, Rimal 1 in numbers

  • Sold once: by Dubai Properties on 10 January 2012 for AED 410,000, or AED 291 per sqft.
  • Rented since May 2015 on 3 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2012 price is 29.3%, before a service charge of about AED 22,100 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 25 May 2017.

Questions about 2303, Rimal 1

What did unit 2303 last sell for?

AED 410,000 on 10 January 2012, sold by the developer: AED 291 per sqft for 1,405 sqft. It is the only registered sale of the unit.

What is the rent for unit 2303?

AED 120,000 a year on the contract renewed on 25 May 2017. The previous contract, from May 2016, was AED 120,000; the unit has been rented since May 2015.

How big is unit 2303?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 23rd floor of a 47-storey tower completed in 2007.

What is unit 2303 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 2303, Rimal 1

Starts from the last sale price (AED 410K, 10 January 2012). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

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