2-bed · 1,422 sqftRimal 2, Jumeirah Beach Residence · 17th floor · completed 2007

1702, Rimal 2

Sold prices and rental history: sold 3 times, last in June 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 30 October 2024
Last soldAED 1.69M15 June 2017
Current rentAED 150K /yr30 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Rimal 2

What is 1702 worth today?

Last sold for AED 1,685,000 in 2017

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30 Oct 2024RentedNew contract
AED 150,000/yr12 months · AED 106 per sqft
3 Oct 2023RentedNew contract
AED 155,000/yr12 months · AED 109 per sqft
1 Jun 2022RentedRenewal
AED 107,500/yr12 months · AED 76 per sqft
1 Jun 2021RentedRenewal
AED 102,500/yr12 months · AED 72 per sqft
1 Jun 2020RentedRenewal
AED 102,500/yr12 months · AED 72 per sqft
1 Jun 2019RentedRenewal
AED 120,000/yr12 months · AED 84 per sqft
1 Jun 2018RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft
15 Jun 2017SoldReady
AED 1,685,000AED 1,184 per sqft

Source: Dubai Land Department. Updated 30 October 2024.

Key facts

Type
2-bed apartment
Size
1,422 sqft
Floor
17th of 40
Parking
M326-27
Developer
Dubai Properties
Completed
2007
Service charge
AED 26,100 /yr
Last sold
AED 1.69M · June 2017
Building
Rimal 2

About 1702, Rimal 2

1702 is a two-bedroom apartment of 1,422 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 15 June 2017 for AED 1,685,000, or AED 1,184 per sqft, 38% below the AED 1,918 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 30 October 2024, is AED 150,000 a year: a gross yield of 8.9% on the 2017 price, before the service charge of about AED 26,100 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical two-bed in Rimal 2
1M2M3M2007201220172022Typical 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, March 2014: AED 2,634,000 (AED 1,851 per sqft)Sold, June 2014: AED 2,000,000 (AED 1,406 per sqft)Sold, June 2017: AED 1,685,000 (AED 1,184 per sqft)

1702 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, each contractTypical two-bed in Rimal 2
100K150K2012201620202024Typical 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, November 2012: AED 85,000 a yearNew contract, November 2013: AED 93,500 a yearNew contract, June 2015: AED 131,068 a yearNew contract, December 2015: AED 130,000 a yearNew contract, June 2018: AED 120,000 a yearRenewal, June 2019: AED 120,000 a yearRenewal, June 2020: AED 102,500 a yearRenewal, June 2021: AED 102,500 a yearRenewal, June 2022: AED 107,500 a yearNew contract, October 2023: AED 155,000 a yearNew contract, October 2024: AED 150,000 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 1702 sits

All 54 2-beds →

1702 last sold in June 2017 at AED 1,184 per sqft, 38% below what two-beds in Rimal 2 were fetching at the time (AED 1,918). 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. 1702's AED 150,000 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
17012-bedAED 2.3M · Apr 2023
17033-bedAED 3.1M · Jul 2017
17043-bedAED 3.2M · Jul 2017

1702, Rimal 2 in numbers

  • Sold 3 times: first on 2 March 2014 for AED 2,634,000, last on 15 June 2017 for AED 1,685,000 (AED 1,184 per sqft).
  • Rented since November 2012 on 11 Ejari contracts, from AED 85,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2017 price is 8.9%, before a service charge of about AED 26,100 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 30 October 2024.

Questions about 1702, Rimal 2

What did unit 1702 last sell for?

AED 1,685,000 on 15 June 2017: AED 1,184 per sqft for 1,422 sqft. The unit has 3 registered sales; the first was AED 2,634,000 in March 2014.

What is the rent for unit 1702?

AED 150,000 a year on the contract signed on 30 October 2024. The previous contract, from October 2023, was AED 155,000; the unit has been rented since November 2012.

How big is unit 1702?

1,422 sqft (132.1 sqm): a two-bedroom apartment on the 17th floor of a 40-storey tower completed in 2007.

What is unit 1702 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 1702, Rimal 2

Starts from the last sale price (AED 1.69M, 15 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,685,000
Deposit, UAE resident (20%)
AED 337,000
Deposit, non-resident (40%)
AED 674,000
Monthly over 25 years at 3.7%
AED 6,894

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