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3-bed · 1,919 sqftRimal 1, Jumeirah Beach Residence · 4th floor · completed 2007

408, Rimal 1

Sold prices and rental history: sold once, by the developer in August 2014, and rented once, from October 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 13 August 2014
Last soldAED 2.16M13 August 2014
Current rentAED 115K /yr10 October 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Rimal 1

What is 408 worth today?

Last sold for AED 2,160,000 in 2014

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13 Aug 2014Sold by developerReady
AED 2,160,000AED 1,125 per sqft
10 Oct 2012RentedNew contract
AED 115,000/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 13 August 2014.

Key facts

Type
3-bed apartment
Size
1,919 sqft
Floor
4th of 47
Parking
B790/ B791
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,200 /yr
Last sold
AED 2.16M · August 2014
Building
Rimal 1

About 408, Rimal 1

408 is a three-bedroom apartment of 1,919 sqft on the 4th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 13 August 2014 for AED 2,160,000, or AED 1,125 per sqft, 3% below the AED 1,161 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 October 2012. The current contract, signed on 10 October 2012, is AED 115,000 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 30,200 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical three-bed in Rimal 1
1M2M3M20072012201720222027Typical sale price by year: 2007 AED 699,000; 2008 AED 1,135,000; 2009 AED 1,640,000; 2010 AED 1,906,883; 2012 AED 1,800,000; 2013 AED 1,700,000; 2014 AED 2,050,000; 2015 AED 2,562,500; 2016 AED 2,525,000; 2017 AED 2,191,862; 2020 AED 1,560,000; 2022 AED 2,025,000; 2023 AED 2,500,000; 2024 AED 2,625,000; 2025 AED 2,725,000; 2026 AED 2,700,000Sold by developer, August 2014: AED 2,160,000 (AED 1,125 per sqft)

408 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 408, each contractTypical three-bed in Rimal 1
100K150K2012201620202024Typical rent by year: 2012 AED 123,500; 2013 AED 136,000; 2014 AED 165,000; 2015 AED 165,990; 2016 AED 161,375; 2017 AED 157,500; 2018 AED 150,000; 2019 AED 130,250; 2020 AED 105,000; 2021 AED 100,000; 2022 AED 121,000; 2023 AED 137,750; 2024 AED 168,750; 2025 AED 165,000; 2026 AED 160,000New contract, October 2012: AED 115,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Rimal 1, and where 408 sits

All 60 3-beds →

408 last sold in August 2014 at AED 1,125 per sqft, 3% below what three-beds in Rimal 1 were fetching at the time (AED 1,161). Over the last 12 months three-beds sold for AED 2,619,378 to 3,100,000, around AED 1,406 per sqft, and rent for AED 123,347 to 280,000 a year. 408's AED 115,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Aug 20262,650,000
18 Aug 20262,700,000
9 Mar 20263,100,000
22 Dec 20252,619,378
5 3-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 4th floor

All 310 units in Rimal 1
Value
4013-bedAED 2.9M · Dec 2025
4023-bedAED 3.45M · May 2014
4031-bedAED 1.5M · Oct 2023
4041-bedAED 710K · Sep 2007
4051-bedAED 1.29M · Aug 2023
4061-bedAED 1.16M · Dec 2008
4073-bedAED 2.8M · Nov 2025

408, Rimal 1 in numbers

  • Sold once: by Dubai Properties on 13 August 2014 for AED 2,160,000, or AED 1,125 per sqft.
  • Rented since October 2012 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 30,200 a year (AED 15.73 per sqft).
  • Three-beds in Rimal 1 sold for AED 2,619,378–3,100,000 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 13 August 2014.

Questions about 408, Rimal 1

What did unit 408 last sell for?

AED 2,160,000 on 13 August 2014, sold by the developer: AED 1,125 per sqft for 1,919 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 115,000 a year on the contract signed on 10 October 2012.

How big is unit 408?

1,919 sqft (178.3 sqm): a three-bedroom apartment on the 4th floor of a 47-storey tower completed in 2007.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rimal 1 sold for AED 2,619,378 to 3,100,000 in the last 12 months, around AED 1,406 per sqft.

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Mortgage on 408, Rimal 1

Starts from the last sale price (AED 2.16M, 13 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,160,000
Deposit, UAE resident (20%)
AED 432,000
Deposit, non-resident (40%)
AED 864,000
Monthly over 25 years at 3.7%
AED 8,837

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