2-bed · 1,417 sqftRimal 2, Jumeirah Beach Residence · 17th floor · completed 2007

1701, Rimal 2

Sold prices and rental history: sold 4 times, last in April 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 12 April 2023
Last soldAED 2.3M12 April 2023
Current rentAED 85K /yr18 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Rimal 2

What is 1701 worth today?

Last sold for AED 2,300,000 in 2023

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12 Apr 2023SoldReady
AED 2,300,000AED 1,623 per sqft
26 May 2021SoldReady
AED 1,400,000AED 988 per sqft
18 Dec 2019RentedNew contract
AED 85,000/yr12 months · AED 60 per sqft
1 Feb 2019RentedNew contract
AED 105,000/yr12 months · AED 74 per sqft
9 Oct 2018SoldReady
AED 1,350,000AED 953 per sqft
25 Jan 2017RentedRenewal
AED 121,275/yr12 months · AED 85 per sqft
25 Jan 2016RentedRenewal
AED 121,275/yr12 months · AED 85 per sqft
25 Jan 2015RentedRenewal
AED 115,500/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 12 April 2023.

Key facts

Type
2-bed apartment
Size
1,417 sqft
Floor
17th of 40
Parking
M648
Developer
Dubai Properties
Completed
2007
Service charge
AED 26,000 /yr
Last sold
AED 2.3M · April 2023
Building
Rimal 2

About 1701, Rimal 2

1701 is a two-bedroom apartment of 1,417 sqft on the 17th floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 12 April 2023 for AED 2,300,000, or AED 1,623 per sqft, 27% above the AED 1,279 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 18 December 2019, is AED 85,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 26,000 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical two-bed in Rimal 2
1M2M2007201220172022Typical sale price by year: 2007 AED 820,000; 2008 AED 599,000; 2009 AED 599,000; 2010 AED 1,700,000; 2011 AED 599,000; 2012 AED 975,000; 2014 AED 2,000,000; 2015 AED 1,349,500; 2018 AED 1,350,000; 2021 AED 1,400,000; 2022 AED 1,740,000; 2023 AED 2,200,000; 2025 AED 2,100,000Sold by developer, February 2008: AED 599,000 (AED 422 per sqft)Sold, October 2018: AED 1,350,000 (AED 953 per sqft)Sold, May 2021: AED 1,400,000 (AED 988 per sqft)Sold, April 2023: AED 2,300,000 (AED 1,623 per sqft)

1701 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in Rimal 2
100K125K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 119,337; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 134,167; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 92,500; 2021 AED 90,000; 2022 AED 100,000; 2023 AED 125,000; 2024 AED 122,000; 2025 AED 140,000; 2026 AED 135,000New contract, January 2014: AED 105,000 a yearRenewal, January 2015: AED 115,500 a yearRenewal, January 2016: AED 121,275 a yearRenewal, January 2017: AED 121,275 a yearNew contract, February 2019: AED 105,000 a yearNew contract, December 2019: AED 85,000 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 2, and where 1701 sits

All 54 2-beds →

1701 last sold in April 2023 at AED 1,623 per sqft, 27% above what two-beds in Rimal 2 were fetching at the time (AED 1,279). Over the last 12 months two-beds sold for AED 2,100,000 to 3,250,000, around AED 1,989 per sqft, and rent for AED 70,000 to 280,000 a year. 1701's AED 85,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Mar 20262,800,000
6 Feb 20262,800,000
10 Dec 20253,250,000
27 Nov 20252,100,000
4 2-bed sales in the last 12 months

Rimal 2

Building

156 apartments, studios to 4-bed over 40 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 11 sold in the last 12 months.

Typical price per sqft
AED 1,636 Up 1.4%
Typical sale
AED 2.8M
Typical rent
AED 125K /yr
Typical yield
5.6%
Rimal 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 17th floor

All 156 units in Rimal 2
Value
17022-bedAED 1.69M · Jun 2017
17033-bedAED 3.1M · Jul 2017
17043-bedAED 3.2M · Jul 2017

1701, Rimal 2 in numbers

  • Sold 4 times: first on 17 February 2008 for AED 599,000, last on 12 April 2023 for AED 2,300,000 (AED 1,623 per sqft).
  • Rented since January 2014 on 6 Ejari contracts, from AED 105,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 3.7%, before a service charge of about AED 26,000 a year (AED 18.38 per sqft).
  • Two-beds in Rimal 2 sold for AED 2,100,000–3,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,636 per sqft.

Source: Dubai Land Department. Updated 12 April 2023.

Questions about 1701, Rimal 2

What did unit 1701 last sell for?

AED 2,300,000 on 12 April 2023: AED 1,623 per sqft for 1,417 sqft. The unit has 4 registered sales; the first was AED 599,000 in February 2008.

What is the rent for unit 1701?

AED 85,000 a year on the contract signed on 18 December 2019. The previous contract, from February 2019, was AED 105,000; the unit has been rented since January 2014.

How big is unit 1701?

1,417 sqft (131.6 sqm): a two-bedroom apartment on the 17th floor of a 40-storey tower completed in 2007.

What is unit 1701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 2 sold for AED 2,100,000 to 3,250,000 in the last 12 months, around AED 1,989 per sqft.

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Mortgage on 1701, Rimal 2

Starts from the last sale price (AED 2.3M, 12 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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