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1-bed · 1,105 sqftRimal 1, Jumeirah Beach Residence · 5th floor · completed 2007

504, Rimal 1

Sold prices and rental history: sold twice, last in September 2019, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 3 September 2019
Last soldAED 960K3 September 2019
Current rentAED 96K /yr5 March 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Rimal 1

What is 504 worth today?

Last sold for AED 960,000 in 2019

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3 Sep 2019SoldReady
AED 960,000AED 868 per sqft
5 Mar 2018RentedRenewal
AED 96,000/yr12 months · AED 87 per sqft
5 Mar 2017RentedRenewal
AED 98,175/yr12 months · AED 89 per sqft
5 Mar 2016RentedNew contract
AED 98,175/yr12 months · AED 89 per sqft
5 Dec 2007Sold by developerReady
AED 415,000AED 375 per sqft

Source: Dubai Land Department. Updated 3 September 2019.

Key facts

Type
1-bed apartment
Size
1,105 sqft
Floor
5th of 47
Parking
G255
Developer
Dubai Properties
Completed
2007
Service charge
AED 17,400 /yr
Last sold
AED 960K · September 2019
Building
Rimal 1

About 504, Rimal 1

504 is a one-bedroom apartment of 1,105 sqft on the 5th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 3 September 2019 for AED 960,000, or AED 868 per sqft, in line with the AED 868 one-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 5 March 2018, is AED 96,000 a year: a gross yield of 10.0% on the 2019 price, before the service charge of about AED 17,400 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in Rimal 1
1M2M2007201220172022Typical sale price by year: 2007 AED 415,000; 2008 AED 828,000; 2009 AED 1,000,000; 2010 AED 774,800; 2011 AED 1,240,000; 2013 AED 1,220,000; 2014 AED 1,330,000; 2019 AED 980,000; 2022 AED 1,107,500; 2023 AED 1,390,000; 2024 AED 2,345,552Sold by developer, December 2007: AED 415,000 (AED 375 per sqft)Sold, September 2019: AED 960,000 (AED 868 per sqft)

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

Rents
Unit 504, each contractTypical one-bed in Rimal 1
75K100K2012201620202024Typical rent by year: 2012 AED 76,150; 2013 AED 90,000; 2014 AED 93,800; 2015 AED 105,000; 2016 AED 100,000; 2017 AED 96,588; 2018 AED 90,000; 2019 AED 77,500; 2020 AED 65,000; 2021 AED 63,250; 2022 AED 80,000; 2023 AED 93,750; 2024 AED 95,000; 2025 AED 110,000; 2026 AED 94,500New contract, March 2016: AED 98,175 a yearRenewal, March 2017: AED 98,175 a yearRenewal, March 2018: AED 96,000 a year

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

1-beds in Rimal 1, and where 504 sits

All 37 1-beds →

504 last sold in September 2019 at AED 868 per sqft, in line with what one-beds in Rimal 1 were fetching at the time (AED 868). Over the last 12 months one-beds sold for AED 3,000,000, around AED 1,806 per sqft, and rent for AED 70,000 to 210,000 a year. 504's AED 96,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Aug 20263,000,000
9 May 20254,000,000
9 Apr 20251,600,000
23 Oct 20241,650,000
1 1-bed sale 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 5th floor

All 310 units in Rimal 1
Value
5013-bedAED 699K · May 2008
5023-bedAED 3.1M · Mar 2026
5031-bedAED 475K · Jun 2011
5051-bedAED 1.21M · Mar 2023
5061-bedAED 950K · May 2021
5073-bedAED 1.58M · Jun 2020
5083-bedAED 1.61M · Jan 2022

504, Rimal 1 in numbers

  • Sold twice: first on 5 December 2007 for AED 415,000, last on 3 September 2019 for AED 960,000 (AED 868 per sqft).
  • Rented since March 2016 on 3 Ejari contracts, from AED 98,175 to AED 96,000 a year.
  • At AED 96,000 a year the gross yield on the 2019 price is 10.0%, before a service charge of about AED 17,400 a year (AED 15.73 per sqft).
  • One-beds in Rimal 1 sold for AED 3,000,000–3,000,000 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 3 September 2019.

Questions about 504, Rimal 1

What did unit 504 last sell for?

AED 960,000 on 3 September 2019: AED 868 per sqft for 1,105 sqft. The unit has 2 registered sales; the first was AED 415,000 in December 2007.

What is the rent for unit 504?

AED 96,000 a year on the contract renewed on 5 March 2018. The previous contract, from March 2017, was AED 98,175; the unit has been rented since March 2016.

How big is unit 504?

1,105 sqft (102.7 sqm): a one-bedroom apartment on the 5th floor of a 47-storey tower completed in 2007.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Rimal 1 sold for AED 3,000,000 to 3,000,000 in the last 12 months, around AED 1,806 per sqft.

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Mortgage on 504, Rimal 1

Starts from the last sale price (AED 960K, 3 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

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