2-bed · 1,290 sqftRimal 1, Jumeirah Beach Residence · 30th floor · completed 2007

3008, Rimal 1

Sold prices and rental history: sold once, by the developer in September 2007, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3008 · DLD and Ejari recordsUpdated 1 June 2022
Last soldAED 1.52M13 September 2007
Current rentAED 135K /yr1 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3008, Rimal 1

What is 3008 worth today?

Last sold for AED 1,515,000 in 2007

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1 Jun 2022RentedRenewal
AED 135,000/yr12 months · AED 105 per sqft
1 Jun 2021RentedRenewal
AED 80,000/yr12 months · AED 62 per sqft
1 May 2020RentedNew contract
AED 100,000/yr13 months · AED 77 per sqft
4 Mar 2019RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
4 Mar 2018RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
4 Mar 2017RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
4 Mar 2016RentedRenewal
AED 100,000/yr12 months · AED 77 per sqft
1 Dec 2015RentedRenewal
AED 387,500/yr3 months · AED 300 per sqft

Source: Dubai Land Department. Updated 1 June 2022.

Key facts

Type
2-bed apartment
Size
1,290 sqft
Floor
30th of 47
Parking
G425
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 1.52M · September 2007
Building
Rimal 1

About 3008, Rimal 1

3008 is a two-bedroom apartment of 1,290 sqft on the 30th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 13 September 2007 for AED 1,515,000, or AED 1,174 per sqft, 96% above the AED 600 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 1 June 2022, is AED 135,000 a year: a gross yield of 8.9% on the 2007 price, before the service charge of about AED 20,300 a year.

Sales and rents for 3008 over time

Sales
Unit 3008, 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, September 2007: AED 1,515,000 (AED 1,174 per sqft)

3008 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3008, each contractTypical two-bed in Rimal 1
200K400K2012201620202024Typical 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, December 2014: AED 100,000 a yearRenewal, December 2015: AED 387,500 a yearRenewal, March 2016: AED 100,000 a yearRenewal, March 2017: AED 100,000 a yearRenewal, March 2018: AED 100,000 a yearRenewal, March 2019: AED 100,000 a yearNew contract, May 2020: AED 100,000 a yearRenewal, June 2021: AED 80,000 a yearRenewal, June 2022: AED 135,000 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 3008 sits

All 211 2-beds →

3008 last sold in September 2007 at AED 1,174 per sqft, 96% above what two-beds in Rimal 1 were fetching at the time (AED 600). 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. 3008's AED 135,000 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. 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 128K /yr
Typical yield
6.4%
Rimal 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 30th floor

All 310 units in Rimal 1
Value
30012-bedAED 1.75M · Oct 2016
30022-bedAED 2.25M · Sep 2026
30032-bedAED 1.8M · Nov 2022
30042-bedAED 1.9M · Sep 2026
30052-bedAED 700K · Jul 2025
30062-bedAED 1.92M · Jul 2025
30072-bedAED 599K · Oct 2015

3008, Rimal 1 in numbers

  • Sold once: by Dubai Properties on 13 September 2007 for AED 1,515,000, or AED 1,174 per sqft.
  • Rented since December 2014 on 9 Ejari contracts. The rent fell from AED 100,000 to AED 80,000 in 2021 and recovered to AED 135,000 by June 2022.
  • At AED 135,000 a year the gross yield on the 2007 price is 8.9%, 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 1 June 2022.

Questions about 3008, Rimal 1

What did unit 3008 last sell for?

AED 1,515,000 on 13 September 2007, sold by the developer: AED 1,174 per sqft for 1,290 sqft. It is the only registered sale of the unit.

What is the rent for unit 3008?

AED 135,000 a year on the contract renewed on 1 June 2022. The previous contract, from June 2021, was AED 80,000; the unit has been rented since December 2014.

How big is unit 3008?

1,290 sqft (119.8 sqm): a two-bedroom apartment on the 30th floor of a 47-storey tower completed in 2007.

What is unit 3008 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 3008, Rimal 1

Starts from the last sale price (AED 1.52M, 13 September 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,515,000
Deposit, UAE resident (20%)
AED 303,000
Deposit, non-resident (40%)
AED 606,000
Monthly over 25 years at 3.7%
AED 6,198

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