2-bed · 1,290 sqftRimal 1, Jumeirah Beach Residence · 29th floor · completed 2007

2901, Rimal 1

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2901 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 1.82M15 February 2023
Current rentAED 70K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2901, Rimal 1

What is 2901 worth today?

Last sold for AED 1,820,000 in 2023

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15 Feb 2023SoldReady
AED 1,820,000AED 1,410 per sqft
1 Oct 2020RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
25 Mar 2015RentedRenewal
AED 104,620/yr11 months · AED 81 per sqft
25 Mar 2014RentedNew contract
AED 105,000/yr12 months · AED 81 per sqft
25 Mar 2013RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
5 Jan 2010Sold by developerReady
AED 820,000AED 635 per sqft

Source: Dubai Land Department. Updated 15 February 2023.

Key facts

Type
2-bed apartment
Size
1,290 sqft
Floor
29th of 47
Parking
B739
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 1.82M · February 2023
Building
Rimal 1

About 2901, Rimal 1

2901 is a two-bedroom apartment of 1,290 sqft on the 29th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 15 February 2023 for AED 1,820,000, or AED 1,410 per sqft, 4% above the AED 1,351 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 October 2020, is AED 70,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 20,300 a year.

Sales and rents for 2901 over time

Sales
Unit 2901, 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 2010: AED 820,000 (AED 635 per sqft)Sold, February 2023: AED 1,820,000 (AED 1,410 per sqft)

2901 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2901, 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, March 2013: AED 100,000 a yearNew contract, March 2014: AED 105,000 a yearRenewal, March 2015: AED 104,620 a yearNew contract, October 2020: 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 2901 sits

All 211 2-beds →

2901 last sold in February 2023 at AED 1,410 per sqft, 4% above what two-beds in Rimal 1 were fetching at the time (AED 1,351). 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. 2901's AED 70,000 is at the bottom 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 29th floor

All 310 units in Rimal 1
Value
29022-bedAED 1.11M · Dec 2020
29032-bedAED 720K · Oct 2015
29042-bedAED 1.7M · Dec 2007
29052-bedAED 1.55M · Dec 2007
29062-bedAED 1.44M · Dec 2009
29072-bedAED 1.28M · Jan 2012
29082-bedAED 1.28M · Jan 2020

2901, Rimal 1 in numbers

  • Sold twice: first on 5 January 2010 for AED 820,000, last on 15 February 2023 for AED 1,820,000 (AED 1,410 per sqft).
  • Rented since March 2013 on 4 Ejari contracts, from AED 100,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 3.9%, 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 15 February 2023.

Questions about 2901, Rimal 1

What did unit 2901 last sell for?

AED 1,820,000 on 15 February 2023: AED 1,410 per sqft for 1,290 sqft. The unit has 2 registered sales; the first was AED 820,000 in January 2010.

What is the rent for unit 2901?

AED 70,000 a year on the contract signed on 1 October 2020. The previous contract, from March 2015, was AED 104,620; the unit has been rented since March 2013.

How big is unit 2901?

1,290 sqft (119.8 sqm): a two-bedroom apartment on the 29th floor of a 47-storey tower completed in 2007.

What is unit 2901 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 2901, Rimal 1

Starts from the last sale price (AED 1.82M, 15 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,820,000
Deposit, UAE resident (20%)
AED 364,000
Deposit, non-resident (40%)
AED 728,000
Monthly over 25 years at 3.7%
AED 7,446

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