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2-bed · 1,294 sqftRimal 1, Jumeirah Beach Residence · 25th floor · completed 2007

2507, Rimal 1

Sold prices and rental history: sold twice, last in April 2017, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2507 · DLD and Ejari recordsUpdated 27 April 2017
Last soldAED 1.8M27 April 2017
Current rentAED 125K /yr23 April 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2507, Rimal 1

What is 2507 worth today?

Last sold for AED 1,800,000 in 2017

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27 Apr 2017SoldReady
AED 1,800,000AED 1,391 per sqft
23 Apr 2016RentedNew contract
AED 125,000/yr12 months · AED 97 per sqft
18 Aug 2012RentedNew contract
AED 135,000/yr12 months · AED 105 per sqft
13 May 2008Sold by developerReady
AED 860,000AED 664 per sqft

Source: Dubai Land Department. Updated 27 April 2017.

Key facts

Type
2-bed apartment
Size
1,294 sqft
Floor
25th of 47
Parking
B797
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 1.8M · April 2017
Building
Rimal 1

About 2507, Rimal 1

2507 is a two-bedroom apartment of 1,294 sqft on the 25th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 27 April 2017 for AED 1,800,000, or AED 1,391 per sqft, 6% above the AED 1,317 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 23 April 2016, is AED 125,000 a year: a gross yield of 6.9% on the 2017 price, before the service charge of about AED 20,300 a year.

Sales and rents for 2507 over time

Sales
Unit 2507, 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, May 2008: AED 860,000 (AED 664 per sqft)Sold, April 2017: AED 1,800,000 (AED 1,391 per sqft)

2507 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2507, 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, August 2012: AED 135,000 a yearNew contract, April 2016: AED 125,000 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 2507 sits

All 211 2-beds →

2507 last sold in April 2017 at AED 1,391 per sqft, 6% above what two-beds in Rimal 1 were fetching at the time (AED 1,317). 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. 2507's AED 125,000 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 25th floor

All 310 units in Rimal 1
Value
25012-bedAED 820K · Dec 2008
25022-bedAED 1.07M · Feb 2008
25032-bedAED 820K · Jun 2010
25042-bedAED 2.8M · Jun 2014
25052-bedAED 1.35M · Mar 2021
25062-bedAED 1.69M · Feb 2011
25082-bedAED 1.52M · Nov 2012

2507, Rimal 1 in numbers

  • Sold twice: first on 13 May 2008 for AED 860,000, last on 27 April 2017 for AED 1,800,000 (AED 1,391 per sqft).
  • Rented since August 2012 on 2 Ejari contracts, from AED 135,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2017 price is 6.9%, 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 27 April 2017.

Questions about 2507, Rimal 1

What did unit 2507 last sell for?

AED 1,800,000 on 27 April 2017: AED 1,391 per sqft for 1,294 sqft. The unit has 2 registered sales; the first was AED 860,000 in May 2008.

What is the rent for unit 2507?

AED 125,000 a year on the contract signed on 23 April 2016. The previous contract, from August 2012, was AED 135,000.

How big is unit 2507?

1,294 sqft (120.2 sqm): a two-bedroom apartment on the 25th floor of a 47-storey tower completed in 2007.

What is unit 2507 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 2507, Rimal 1

Starts from the last sale price (AED 1.8M, 27 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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