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2-bed · 1,405 sqftRimal 1, Jumeirah Beach Residence · 35th floor · completed 2007

3504, Rimal 1

Sold prices and rental history: sold 3 times, last in January 2011, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3504 · DLD and Ejari recordsUpdated 15 July 2023
Last soldAED 1.02M30 January 2011
Current rentAED 145K /yr15 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3504, Rimal 1

What is 3504 worth today?

Last sold for AED 1,020,000 in 2011

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15 Jul 2023RentedRenewal
AED 145,000/yr12 months · AED 103 per sqft
15 Jul 2022RentedNew contract
AED 132,500/yr12 months · AED 94 per sqft
6 Nov 2020RentedNew contract
AED 92,000/yr12 months · AED 65 per sqft
26 May 2017RentedNew contract
AED 160,000/yr12 months · AED 113 per sqft
30 Jan 2011SoldReady
AED 1,020,000AED 725 per sqft
27 Dec 2007SoldReady
AED 1,900,000AED 1,351 per sqft
5 Dec 2007Sold by developerReady
AED 599,000AED 426 per sqft

Source: Dubai Land Department. Updated 15 July 2023.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
35th of 47
Parking
1
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 1.02M · January 2011
Building
Rimal 1

About 3504, Rimal 1

3504 is a two-bedroom apartment of 1,405 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 30 January 2011 for AED 1,020,000, or AED 725 per sqft, 28% below the AED 1,007 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 15 July 2023, is AED 145,000 a year: a gross yield of 14.2% on the 2011 price, before the service charge of about AED 22,100 a year.

Sales and rents for 3504 over time

Sales
Unit 3504, 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, December 2007: AED 1,900,000 (AED 1,351 per sqft)Sold by developer, December 2007: AED 599,000 (AED 426 per sqft)Sold, January 2011: AED 1,020,000 (AED 725 per sqft)

3504 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3504, each contractTypical two-bed in Rimal 1
100K150K2012201620202024Typical 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 2017: AED 160,000 a yearNew contract, November 2020: AED 92,000 a yearNew contract, July 2022: AED 132,500 a yearRenewal, July 2023: AED 145,000 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 3504 sits

All 211 2-beds →

3504 last sold in January 2011 at AED 725 per sqft, 28% below what two-beds in Rimal 1 were fetching at the time (AED 1,007). 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. 3504's AED 145,000 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
35022-bedAED 1.36M · May 2008
35032-bedAED 1.1M · Nov 2020
35052-bedAED 1.75M · Dec 2012
35062-bedAED 2.3M · May 2025
35072-bedAED 1.9M · May 2013
35082-bedAED 2.05M · Jun 2024

3504, Rimal 1 in numbers

  • Sold 3 times: first on 5 December 2007 for AED 599,000, last on 30 January 2011 for AED 1,020,000 (AED 725 per sqft).
  • Rented since May 2017 on 4 Ejari contracts. The rent fell from AED 160,000 to AED 92,000 in 2020 and recovered to AED 145,000 by July 2023.
  • At AED 145,000 a year the gross yield on the 2011 price is 14.2%, 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 1,449 per sqft.

Source: Dubai Land Department. Updated 15 July 2023.

Questions about 3504, Rimal 1

What did unit 3504 last sell for?

AED 1,020,000 on 30 January 2011: AED 725 per sqft for 1,405 sqft. The unit has 3 registered sales; the first was AED 599,000 in December 2007.

What is the rent for unit 3504?

AED 145,000 a year on the contract renewed on 15 July 2023. The previous contract, from July 2022, was AED 132,500; the unit has been rented since May 2017.

How big is unit 3504?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 35th floor of a 47-storey tower completed in 2007.

What is unit 3504 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 3504, Rimal 1

Starts from the last sale price (AED 1.02M, 30 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

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