2-bed · 1,290 sqftRimal 1, Jumeirah Beach Residence · 28th floor · completed 2007

2802, Rimal 1

Sold prices and rental history: sold 3 times, last in April 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2802 · DLD and Ejari recordsUpdated 1 September 2020
Last soldAED 2.35M27 April 2014
Current rentAED 65K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2802, Rimal 1

What is 2802 worth today?

Last sold for AED 2,350,000 in 2014

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1 Sep 2020RentedNew contract
AED 65,000/yr12 months · AED 50 per sqft
9 Jul 2019RentedRenewal
AED 90,000/yr12 months · AED 70 per sqft
9 Jul 2018RentedRenewal
AED 110,000/yr12 months · AED 85 per sqft
9 Jul 2017RentedNew contract
AED 110,000/yr12 months · AED 85 per sqft
1 Mar 2016RentedNew contract
AED 130,000/yr12 months · AED 101 per sqft
27 Apr 2014SoldReady
AED 2,350,000AED 1,821 per sqft
12 May 2013RentedNew contract
AED 150,000/yr12 months · AED 116 per sqft
24 Sep 2007SoldReady
AED 1,570,000AED 1,216 per sqft

Source: Dubai Land Department. Updated 1 September 2020.

Key facts

Type
2-bed apartment
Size
1,290 sqft
Floor
28th of 47
Parking
G415
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 2.35M · April 2014
Building
Rimal 1

About 2802, Rimal 1

2802 is a two-bedroom apartment of 1,290 sqft on the 28th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 27 April 2014 for AED 2,350,000, or AED 1,821 per sqft, 33% above the AED 1,373 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 September 2020, is AED 65,000 a year: a gross yield of 2.8% on the 2014 price, before the service charge of about AED 20,300 a year.

Sales and rents for 2802 over time

Sales
Unit 2802, 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, September 2007: AED 1,570,000 (AED 1,216 per sqft)Sold by developer, September 2007: AED 820,000 (AED 635 per sqft)Sold, April 2014: AED 2,350,000 (AED 1,821 per sqft)

2802 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2802, each contractTypical two-bed in Rimal 1
50K100K150K2012201620202024Typical 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 2013: AED 150,000 a yearNew contract, March 2016: AED 130,000 a yearNew contract, July 2017: AED 110,000 a yearRenewal, July 2018: AED 110,000 a yearRenewal, July 2019: AED 90,000 a yearNew contract, September 2020: AED 65,000 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 2802 sits

All 211 2-beds →

2802 last sold in April 2014 at AED 1,821 per sqft, 33% above what two-beds in Rimal 1 were fetching at the time (AED 1,373). 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. 2802's AED 65,000 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 28th floor

All 310 units in Rimal 1
Value
28012-bedAED 2.85M · Jun 2008
28032-bedAED 2.33M · May 2015
28042-bedAED 1.57M · Feb 2019
28052-bedAED 2.25M · Jan 2014
28062-bedAED 1.37M · Jul 2021
28072-bedAED 2M · Sep 2025
28082-bedAED 1.07M · Aug 2013

2802, Rimal 1 in numbers

  • Sold 3 times: first on 6 September 2007 for AED 820,000, last on 27 April 2014 for AED 2,350,000 (AED 1,821 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, from AED 150,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2014 price is 2.8%, 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 1 September 2020.

Questions about 2802, Rimal 1

What did unit 2802 last sell for?

AED 2,350,000 on 27 April 2014: AED 1,821 per sqft for 1,290 sqft. The unit has 3 registered sales; the first was AED 820,000 in September 2007.

What is the rent for unit 2802?

AED 65,000 a year on the contract signed on 1 September 2020. The previous contract, from July 2019, was AED 90,000; the unit has been rented since May 2013.

How big is unit 2802?

1,290 sqft (119.8 sqm): a two-bedroom apartment on the 28th floor of a 47-storey tower completed in 2007.

What is unit 2802 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 2802, Rimal 1

Starts from the last sale price (AED 2.35M, 27 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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