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2-bed · 1,425 sqftRimal 1, Jumeirah Beach Residence · 40th floor · completed 2007

4002, Rimal 1

Sold prices and rental history: sold 4 times, last in May 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4002 · DLD and Ejari recordsUpdated 23 May 2022
Last soldAED 1.03M23 May 2022
Current rentAED 95K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4002, Rimal 1

What is 4002 worth today?

Last sold for AED 1,025,000 in 2022

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23 May 2022SoldReady
AED 1,025,000AED 719 per sqft
1 Mar 2022RentedRenewal
AED 95,000/yr12 months · AED 67 per sqft
1 Mar 2021RentedNew contract
AED 90,000/yr12 months · AED 63 per sqft
24 Dec 2020SoldReady
AED 1,550,000AED 1,087 per sqft
28 Feb 2019RentedNew contract
AED 100,000/yr24 months · AED 70 per sqft
14 Jan 2019SoldReady
AED 1,600,000AED 1,122 per sqft
3 Oct 2018Sold by developerReady
AED 599,000AED 420 per sqft

Source: Dubai Land Department. Updated 23 May 2022.

Key facts

Type
2-bed apartment
Size
1,425 sqft
Floor
40th of 47
Parking
G397
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,400 /yr
Last sold
AED 1.03M · May 2022
Building
Rimal 1

About 4002, Rimal 1

4002 is a two-bedroom apartment of 1,425 sqft on the 40th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 23 May 2022 for AED 1,025,000, or AED 719 per sqft, 28% below the AED 1,004 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 1 March 2022, is AED 95,000 a year: a gross yield of 9.3% on the 2022 price, before the service charge of about AED 22,400 a year.

Sales and rents for 4002 over time

Sales
Unit 4002, 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, October 2018: AED 599,000 (AED 420 per sqft)Sold, January 2019: AED 1,600,000 (AED 1,122 per sqft)Sold, December 2020: AED 1,550,000 (AED 1,087 per sqft)Sold, May 2022: AED 1,025,000 (AED 719 per sqft)

4002 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4002, 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, February 2019: AED 100,000 a yearNew contract, March 2021: AED 90,000 a yearRenewal, March 2022: AED 95,000 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 4002 sits

All 211 2-beds →

4002 last sold in May 2022 at AED 719 per sqft, 28% below what two-beds in Rimal 1 were fetching at the time (AED 1,004). 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. 4002's AED 95,000 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 40th floor

All 310 units in Rimal 1
Value
40012-bedAED 599K · Mar 2011
40032-bedAED 3.15M · Apr 2026
40042-bedAED 720K · Mar 2013

4002, Rimal 1 in numbers

  • Sold 4 times: first on 3 October 2018 for AED 599,000, last on 23 May 2022 for AED 1,025,000 (AED 719 per sqft).
  • Rented since February 2019 on 3 Ejari contracts, from AED 100,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2022 price is 9.3%, 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 1,478 per sqft.

Source: Dubai Land Department. Updated 23 May 2022.

Questions about 4002, Rimal 1

What did unit 4002 last sell for?

AED 1,025,000 on 23 May 2022: AED 719 per sqft for 1,425 sqft. The unit has 4 registered sales; the first was AED 599,000 in October 2018.

What is the rent for unit 4002?

AED 95,000 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 90,000; the unit has been rented since February 2019.

How big is unit 4002?

1,425 sqft (132.4 sqm): a two-bedroom apartment on the 40th floor of a 47-storey tower completed in 2007.

What is unit 4002 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 4002, Rimal 1

Starts from the last sale price (AED 1.03M, 23 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,025,000
Deposit, UAE resident (20%)
AED 205,000
Deposit, non-resident (40%)
AED 410,000
Monthly over 25 years at 3.7%
AED 4,194

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