2-bed · 1,425 sqftRimal 1, Jumeirah Beach Residence · 45th floor · completed 2007

4504, Rimal 1

Sold prices and rental history: sold twice, last in April 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4504 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 2.55M29 April 2008
Current rentAED 128K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4504, Rimal 1

What is 4504 worth today?

Last sold for AED 2,549,979 in 2008

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1 Jul 2024RentedRenewal
AED 128,000/yr12 months · AED 90 per sqft
15 Jun 2023RentedRenewal
AED 128,000/yr13 months · AED 90 per sqft
15 Jun 2022RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft
1 Aug 2020RentedNew contract
AED 81,000/yr12 months · AED 57 per sqft
1 Aug 2019RentedNew contract
AED 90,000/yr12 months · AED 63 per sqft
1 Jul 2018RentedRenewal
AED 117,000/yr12 months · AED 82 per sqft
1 Jul 2017RentedNew contract
AED 125,000/yr12 months · AED 88 per sqft
1 Sep 2016RentedRenewal
AED 135,000/yr10 months · AED 95 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
2-bed apartment
Size
1,425 sqft
Floor
45th of 47
Parking
M604
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,400 /yr
Last sold
AED 2.55M · April 2008
Building
Rimal 1

About 4504, Rimal 1

4504 is a two-bedroom apartment of 1,425 sqft on the 45th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 29 April 2008 for AED 2,549,979, or AED 1,789 per sqft, 196% above the AED 604 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 128,000 a year: a gross yield of 5.0% on the 2008 price, before the service charge of about AED 22,400 a year.

Sales and rents for 4504 over time

Sales
Unit 4504, each saleTypical two-bed in Rimal 1
01M2M20072012201720222027Typical 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, April 2008: AED 2,549,979 (AED 1,789 per sqft)Sold by developer, April 2008: AED 299,500 (AED 210 per sqft)

4504 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4504, 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, August 2013: AED 110,000 a yearNew contract, September 2015: AED 135,000 a yearRenewal, September 2016: AED 135,000 a yearNew contract, July 2017: AED 125,000 a yearRenewal, July 2018: AED 117,000 a yearNew contract, August 2019: AED 90,000 a yearNew contract, August 2020: AED 81,000 a yearNew contract, June 2022: AED 120,000 a yearRenewal, June 2023: AED 128,000 a yearRenewal, July 2024: AED 128,000 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 4504 sits

All 211 2-beds →

4504 last sold in April 2008 at AED 1,789 per sqft, 196% above what two-beds in Rimal 1 were fetching at the time (AED 604). 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. 4504's AED 128,000 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 45th floor

All 310 units in Rimal 1
Value
45012-bedAED 855K · Mar 2008
45022-bedAED 1.6M · Dec 2018
45032-bedAED 2.3M · Jun 2015

4504, Rimal 1 in numbers

  • Sold twice: first on 2 April 2008 for AED 299,500, last on 29 April 2008 for AED 2,549,979 (AED 1,789 per sqft).
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 110,000 to AED 81,000 in 2020 and recovered to AED 128,000 by July 2024.
  • At AED 128,000 a year the gross yield on the 2008 price is 5.0%, 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 July 2024.

Questions about 4504, Rimal 1

What did unit 4504 last sell for?

AED 2,549,979 on 29 April 2008: AED 1,789 per sqft for 1,425 sqft. The unit has 2 registered sales; the first was AED 299,500 in April 2008.

What is the rent for unit 4504?

AED 128,000 a year on the contract renewed on 1 July 2024. The previous contract, from June 2023, was AED 128,000; the unit has been rented since August 2013.

How big is unit 4504?

1,425 sqft (132.4 sqm): a two-bedroom apartment on the 45th floor of a 47-storey tower completed in 2007.

What is unit 4504 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 4504, Rimal 1

Starts from the last sale price (AED 2.55M, 29 April 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,549,979
Deposit, UAE resident (20%)
AED 509,996
Deposit, non-resident (40%)
AED 1,019,992
Monthly over 25 years at 3.7%
AED 10,433

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