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3-bed · 3,826 sqftRimal 1, Jumeirah Beach Residence · completed 2007

LP03, Rimal 1

Sold prices and rental history: sold 3 times, last in July 2021, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit LP03 · DLD and Ejari recordsUpdated 1 July 2021
Last soldAED 3M1 July 2021
Current rentAED 150K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for LP03, Rimal 1

What is LP03 worth today?

Last sold for AED 3,000,000 in 2021

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1 Jul 2021SoldReady
AED 3,000,000AED 784 per sqft
1 Aug 2020RentedNew contract
AED 149,598/yr12 months · AED 39 per sqft
28 Mar 2018SoldReady
AED 3,800,000AED 993 per sqft
7 Jan 2009Sold by developerReady
AED 2,650,000AED 692 per sqft

Source: Dubai Land Department. Updated 1 July 2021.

Key facts

Type
3-bed apartment
Size
3,826 sqft
Parking
0
Developer
Dubai Properties
Completed
2007
Service charge
AED 60,200 /yr
Last sold
AED 3M · July 2021
Building
Rimal 1

About LP03, Rimal 1

LP03 is a three-bedroom apartment of 3,826 sqft of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 July 2021 for AED 3,000,000, or AED 784 per sqft, in line with the AED 784 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2020. The current contract, signed on 1 August 2020, is AED 149,598 a year: a gross yield of 5.0% on the 2021 price, before the service charge of about AED 60,200 a year.

Sales and rents for LP03 over time

Sales
Unit LP03, each saleTypical three-bed in Rimal 1
2M4M20072012201720222027Typical 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, January 2009: AED 2,650,000 (AED 692 per sqft)Sold, March 2018: AED 3,800,000 (AED 993 per sqft)Sold, July 2021: AED 3,000,000 (AED 784 per sqft)

LP03 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit LP03, 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 136,500; 2024 AED 167,500; 2025 AED 165,000; 2026 AED 160,000New contract, August 2020: AED 149,598 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 LP03 sits

All 60 3-beds →

LP03 last sold in July 2021 at AED 784 per sqft, in line with what three-beds in Rimal 1 were fetching at the time (AED 784). 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 50,000 to 280,000 a year. LP03's AED 149,598 is in the lower half 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. 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 →

LP03, Rimal 1 in numbers

  • Sold 3 times: first on 7 January 2009 for AED 2,650,000, last on 1 July 2021 for AED 3,000,000 (AED 784 per sqft).
  • Rented since August 2020 on one Ejari contract, at AED 149,598 a year.
  • At AED 149,598 a year the gross yield on the 2021 price is 5.0%, before a service charge of about AED 60,200 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 1,478 per sqft.

Source: Dubai Land Department. Updated 1 July 2021.

Questions about LP03, Rimal 1

What did unit LP03 last sell for?

AED 3,000,000 on 1 July 2021: AED 784 per sqft for 3,826 sqft. The unit has 3 registered sales; the first was AED 2,650,000 in January 2009.

What is the rent for unit LP03?

AED 149,598 a year on the contract signed on 1 August 2020.

How big is unit LP03?

3,826 sqft (355.4 sqm): a three-bedroom apartment of a 47-storey tower completed in 2007.

What is unit LP03 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 LP03, Rimal 1

Starts from the last sale price (AED 3M, 1 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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