2-bed · 1,290 sqftRimal 1, Jumeirah Beach Residence · 35th floor · completed 2007

3502, Rimal 1

Sold prices and rental history: sold twice, last in May 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3502 · DLD and Ejari recordsUpdated 18 July 2023
Last soldAED 1.36M28 May 2008
Current rentAED 165K /yr18 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3502, Rimal 1

What is 3502 worth today?

Last sold for AED 1,360,000 in 2008

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18 Jul 2023RentedNew contract
AED 165,000/yr12 months · AED 128 per sqft
2 Jul 2022RentedRenewal
AED 89,000/yr12 months · AED 69 per sqft
2 Jul 2021RentedRenewal
AED 78,000/yr12 months · AED 60 per sqft
2 Jul 2020RentedNew contract
AED 78,000/yr12 months · AED 60 per sqft
24 Mar 2017RentedRenewal
AED 130,000/yr12 months · AED 101 per sqft
24 Mar 2016RentedNew contract
AED 130,000/yr12 months · AED 101 per sqft
12 Jun 2014RentedNew contract
AED 185,000/yr6 months · AED 143 per sqft
28 May 2008SoldReady
AED 1,360,000AED 1,053 per sqft

Source: Dubai Land Department. Updated 18 July 2023.

Key facts

Type
2-bed apartment
Size
1,290 sqft
Floor
35th of 47
Parking
G369
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 1.36M · May 2008
Building
Rimal 1

About 3502, Rimal 1

3502 is a two-bedroom apartment of 1,290 sqft on the 35th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 May 2008 for AED 1,360,000, or AED 1,053 per sqft, 70% above the AED 619 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 18 July 2023, is AED 165,000 a year: a gross yield of 12.1% on the 2008 price, before the service charge of about AED 20,300 a year.

Sales and rents for 3502 over time

Sales
Unit 3502, 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, May 2008: AED 1,360,000 (AED 1,053 per sqft)Sold by developer, May 2008: AED 820,000 (AED 635 per sqft)

3502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3502, each contractTypical two-bed in Rimal 1
100K150K200K2012201620202024Typical 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, June 2014: AED 185,000 a yearNew contract, March 2016: AED 130,000 a yearRenewal, March 2017: AED 130,000 a yearNew contract, July 2020: AED 78,000 a yearRenewal, July 2021: AED 78,000 a yearRenewal, July 2022: AED 89,000 a yearNew contract, July 2023: AED 165,000 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 3502 sits

All 211 2-beds →

3502 last sold in May 2008 at AED 1,053 per sqft, 70% above what two-beds in Rimal 1 were fetching at the time (AED 619). 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. 3502's AED 165,000 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 35th floor

All 310 units in Rimal 1
Value
35012-bedAED 920K · Jun 2016
35032-bedAED 1.1M · Nov 2020
35042-bedAED 1.02M · Jan 2011
35052-bedAED 1.75M · Dec 2012
35062-bedAED 2.3M · May 2025
35072-bedAED 1.9M · May 2013
35082-bedAED 2.05M · Jun 2024

3502, Rimal 1 in numbers

  • Sold twice: first on 7 May 2008 for AED 820,000, last on 28 May 2008 for AED 1,360,000 (AED 1,053 per sqft).
  • Rented since June 2014 on 7 Ejari contracts. The rent fell from AED 185,000 to AED 78,000 in 2021 and recovered to AED 165,000 by July 2023.
  • At AED 165,000 a year the gross yield on the 2008 price is 12.1%, 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 18 July 2023.

Questions about 3502, Rimal 1

What did unit 3502 last sell for?

AED 1,360,000 on 28 May 2008: AED 1,053 per sqft for 1,290 sqft. The unit has 2 registered sales; the first was AED 820,000 in May 2008.

What is the rent for unit 3502?

AED 165,000 a year on the contract signed on 18 July 2023. The previous contract, from July 2022, was AED 89,000; the unit has been rented since June 2014.

How big is unit 3502?

1,290 sqft (119.8 sqm): a two-bedroom apartment on the 35th floor of a 47-storey tower completed in 2007.

What is unit 3502 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 3502, Rimal 1

Starts from the last sale price (AED 1.36M, 28 May 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,360,000
Deposit, UAE resident (20%)
AED 272,000
Deposit, non-resident (40%)
AED 544,000
Monthly over 25 years at 3.7%
AED 5,564

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