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2-bed · 1,405 sqftRimal 1, Jumeirah Beach Residence · 32nd floor · completed 2007

3203, Rimal 1

Sold prices and rental history: sold 3 times, last in September 2012, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3203 · DLD and Ejari recordsUpdated 22 January 2019
Last soldAED 1.5M30 September 2012
Current rentAED 120K /yr22 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3203, Rimal 1

What is 3203 worth today?

Last sold for AED 1,500,000 in 2012

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22 Jan 2019RentedRenewal
AED 120,000/yr12 months · AED 85 per sqft
22 Jan 2018RentedRenewal
AED 135,000/yr12 months · AED 96 per sqft
22 Jan 2017RentedNew contract
AED 135,000/yr12 months · AED 96 per sqft
30 Sep 2012SoldReady
AED 1,500,000AED 1,067 per sqft
18 Jan 2012SoldReady
AED 1,375,000AED 978 per sqft
24 Jul 2011Sold by developerReady
AED 360,000AED 256 per sqft

Source: Dubai Land Department. Updated 22 January 2019.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
32nd of 47
Parking
M628
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 1.5M · September 2012
Building
Rimal 1

About 3203, Rimal 1

3203 is a two-bedroom apartment of 1,405 sqft on the 32nd floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 September 2012 for AED 1,500,000, or AED 1,067 per sqft, 10% above the AED 971 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 22 January 2019, is AED 120,000 a year: a gross yield of 8.0% on the 2012 price, before the service charge of about AED 22,100 a year.

Sales and rents for 3203 over time

Sales
Unit 3203, 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, July 2011: AED 360,000 (AED 256 per sqft)Sold, January 2012: AED 1,375,000 (AED 978 per sqft)Sold, September 2012: AED 1,500,000 (AED 1,067 per sqft)

3203 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3203, 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, January 2017: AED 135,000 a yearRenewal, January 2018: AED 135,000 a yearRenewal, January 2019: AED 120,000 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 3203 sits

All 211 2-beds →

3203 last sold in September 2012 at AED 1,067 per sqft, 10% above what two-beds in Rimal 1 were fetching at the time (AED 971). 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. 3203's AED 120,000 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 32nd floor

All 310 units in Rimal 1
Value
32012-bedAED 1.14M · Dec 2019
32022-bedAED 820K · Feb 2008
32042-bedAED 1.65M · Dec 2023
32052-bedAED 1.9M · Mar 2017
32062-bedAED 2.4M · Jun 2008
32072-bedAED 1M · Nov 2019
32082-bedAED 1.25M · Dec 2011

3203, Rimal 1 in numbers

  • Sold 3 times: first on 24 July 2011 for AED 360,000, last on 30 September 2012 for AED 1,500,000 (AED 1,067 per sqft).
  • Rented since January 2017 on 3 Ejari contracts, from AED 135,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2012 price is 8.0%, 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 22 January 2019.

Questions about 3203, Rimal 1

What did unit 3203 last sell for?

AED 1,500,000 on 30 September 2012: AED 1,067 per sqft for 1,405 sqft. The unit has 3 registered sales; the first was AED 360,000 in July 2011.

What is the rent for unit 3203?

AED 120,000 a year on the contract renewed on 22 January 2019. The previous contract, from January 2018, was AED 135,000; the unit has been rented since January 2017.

How big is unit 3203?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 32nd floor of a 47-storey tower completed in 2007.

What is unit 3203 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 3203, Rimal 1

Starts from the last sale price (AED 1.5M, 30 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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