2-bed · 1,405 sqftRimal 1, Jumeirah Beach Residence · 25th floor · completed 2007

2503, Rimal 1

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2503 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 820K16 June 2010
Current rentAED 145K /yr20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2503, Rimal 1

What is 2503 worth today?

Last sold for AED 820,000 in 2010

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20 Aug 2024RentedNew contract
AED 145,000/yr12 months · AED 103 per sqft
1 Jun 2023RentedNew contract
AED 145,000/yr12 months · AED 103 per sqft
1 Mar 2018RentedRenewal
AED 130,000/yr12 months · AED 92 per sqft
1 Mar 2017RentedRenewal
AED 130,000/yr12 months · AED 92 per sqft
1 Mar 2016RentedRenewal
AED 130,000/yr12 months · AED 92 per sqft
1 Mar 2015RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft
1 Mar 2014RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft
16 Jun 2010Sold by developerReady
AED 820,000AED 583 per sqft

Source: Dubai Land Department. Updated 20 August 2024.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
25th of 47
Parking
B702
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 820K · June 2010
Building
Rimal 1

About 2503, Rimal 1

2503 is a two-bedroom apartment of 1,405 sqft on the 25th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 16 June 2010 for AED 820,000, or AED 583 per sqft, 44% below the AED 1,042 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 20 August 2024, is AED 145,000 a year: a gross yield of 17.7% on the 2010 price, before the service charge of about AED 22,100 a year.

Sales and rents for 2503 over time

Sales
Unit 2503, 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 by developer, June 2010: AED 820,000 (AED 583 per sqft)

2503 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2503, each contractTypical two-bed in Rimal 1
100K150K2012201620202024Typical 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, March 2014: AED 130,000 a yearNew contract, March 2015: AED 130,000 a yearRenewal, March 2016: AED 130,000 a yearRenewal, March 2017: AED 130,000 a yearRenewal, March 2018: AED 130,000 a yearNew contract, June 2023: AED 145,000 a yearNew contract, August 2024: AED 145,000 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 2503 sits

All 211 2-beds →

2503 last sold in June 2010 at AED 583 per sqft, 44% below what two-beds in Rimal 1 were fetching at the time (AED 1,042). 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. 2503's AED 145,000 is in the lower half 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 25th floor

All 310 units in Rimal 1
Value
25012-bedAED 820K · Dec 2008
25022-bedAED 1.07M · Feb 2008
25042-bedAED 2.8M · Jun 2014
25052-bedAED 1.35M · Mar 2021
25062-bedAED 1.69M · Feb 2011
25072-bedAED 1.8M · Apr 2017
25082-bedAED 1.52M · Nov 2012

2503, Rimal 1 in numbers

  • Sold once: by Dubai Properties on 16 June 2010 for AED 820,000, or AED 583 per sqft.
  • Rented since March 2014 on 7 Ejari contracts, from AED 130,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2010 price is 17.7%, 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 1,478 per sqft.

Source: Dubai Land Department. Updated 20 August 2024.

Questions about 2503, Rimal 1

What did unit 2503 last sell for?

AED 820,000 on 16 June 2010, sold by the developer: AED 583 per sqft for 1,405 sqft. It is the only registered sale of the unit.

What is the rent for unit 2503?

AED 145,000 a year on the contract signed on 20 August 2024. The previous contract, from June 2023, was AED 145,000; the unit has been rented since March 2014.

How big is unit 2503?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 25th floor of a 47-storey tower completed in 2007.

What is unit 2503 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 2503, Rimal 1

Starts from the last sale price (AED 820K, 16 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

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