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2-bed · 1,425 sqftRimal 1, Jumeirah Beach Residence · 38th floor · completed 2007

3803, Rimal 1

Sold prices and rental history: sold 5 times, last in December 2011, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3803 · DLD and Ejari recordsUpdated 1 March 2020
Last soldAED 700K13 December 2011
Current rentAED 124K /yr1 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3803, Rimal 1

What is 3803 worth today?

Last sold for AED 700,000 in 2011

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1 Mar 2020RentedNew contract
AED 124,000/yr12 months · AED 87 per sqft
1 Sep 2019RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft
13 Dec 2011SoldReady
AED 700,000AED 491 per sqft
25 Apr 2010SoldReady
AED 1,500,000AED 1,052 per sqft
16 Apr 2009SoldReady
AED 1,166,666AED 818 per sqft
24 Feb 2009SoldReady
AED 1,500,000AED 1,052 per sqft
12 Feb 2009Sold by developerReady
AED 820,000AED 575 per sqft

Source: Dubai Land Department. Updated 1 March 2020.

Key facts

Type
2-bed apartment
Size
1,425 sqft
Floor
38th of 47
Parking
M622
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,400 /yr
Last sold
AED 700K · December 2011
Building
Rimal 1

About 3803, Rimal 1

3803 is a two-bedroom apartment of 1,425 sqft on the 38th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 13 December 2011 for AED 700,000, or AED 491 per sqft, 46% below the AED 904 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 March 2020, is AED 124,000 a year: a gross yield of 17.7% on the 2011 price, before the service charge of about AED 22,400 a year.

Sales and rents for 3803 over time

Sales
Unit 3803, 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, February 2009: AED 1,500,000 (AED 1,052 per sqft)Sold by developer, February 2009: AED 820,000 (AED 575 per sqft)Sold, April 2009: AED 1,166,666 (AED 818 per sqft)Sold, April 2010: AED 1,500,000 (AED 1,052 per sqft)Sold, December 2011: AED 700,000 (AED 491 per sqft)

3803 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3803, 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, September 2019: AED 120,000 a yearNew contract, March 2020: AED 124,000 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 3803 sits

All 211 2-beds →

3803 last sold in December 2011 at AED 491 per sqft, 46% below what two-beds in Rimal 1 were fetching at the time (AED 904). 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. 3803's AED 124,000 is in the lower half 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 38th floor

All 310 units in Rimal 1
Value
38012-bedAED 1.8M · Nov 2007
38022-bedAED 2.2M · Aug 2022
38042-bedAED 820K · Jun 2021

3803, Rimal 1 in numbers

  • Sold 5 times: first on 12 February 2009 for AED 820,000, last on 13 December 2011 for AED 700,000 (AED 491 per sqft).
  • Rented since September 2019 on 2 Ejari contracts, from AED 120,000 to AED 124,000 a year.
  • At AED 124,000 a year the gross yield on the 2011 price is 17.7%, before a service charge of about AED 22,400 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 March 2020.

Questions about 3803, Rimal 1

What did unit 3803 last sell for?

AED 700,000 on 13 December 2011: AED 491 per sqft for 1,425 sqft. The unit has 5 registered sales; the first was AED 820,000 in February 2009.

What is the rent for unit 3803?

AED 124,000 a year on the contract signed on 1 March 2020. The previous contract, from September 2019, was AED 120,000.

How big is unit 3803?

1,425 sqft (132.4 sqm): a two-bedroom apartment on the 38th floor of a 47-storey tower completed in 2007.

What is unit 3803 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 3803, Rimal 1

Starts from the last sale price (AED 700K, 13 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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