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3-bed · 1,904 sqftRimal 2, Jumeirah Beach Residence · 17th floor · completed 2007

1703, Rimal 2

Sold prices and rental history: sold twice, last in July 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 23 July 2017
Last soldAED 3.1M23 July 2017
Current rentAED 197K /yr16 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1703, Rimal 2

What is 1703 worth today?

Last sold for AED 3,100,000 in 2017

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23 Jul 2017SoldReady
AED 3,100,000AED 1,628 per sqft
16 May 2016RentedRenewal
AED 197,000/yr12 months · AED 103 per sqft
16 May 2015RentedNew contract
AED 190,000/yr12 months · AED 100 per sqft
16 May 2014RentedNew contract
AED 190,000/yr12 months · AED 100 per sqft
28 Aug 2008Sold by developerReady
AED 699,000AED 367 per sqft

Source: Dubai Land Department. Updated 23 July 2017.

Key facts

Type
3-bed apartment
Size
1,904 sqft
Floor
17th of 40
Parking
M324-25
Developer
Dubai Properties
Completed
2007
Service charge
AED 35,000 /yr
Last sold
AED 3.1M · July 2017
Building
Rimal 2

About 1703, Rimal 2

1703 is a three-bedroom apartment of 1,904 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 23 July 2017 for AED 3,100,000, or AED 1,628 per sqft, 3% below the AED 1,681 three-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 16 May 2016, is AED 197,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 35,000 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, each saleTypical three-bed in Rimal 2
2M4M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2010 AED 2,369,000; 2012 AED 1,800,000; 2013 AED 1,599,500; 2014 AED 1,604,500; 2015 AED 2,325,000; 2017 AED 3,200,000; 2021 AED 2,911,111; 2024 AED 2,815,000; 2025 AED 3,700,000Sold by developer, August 2008: AED 699,000 (AED 367 per sqft)Sold, July 2017: AED 3,100,000 (AED 1,628 per sqft)

1703 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1703, each contractTypical three-bed in Rimal 2
150K200K2012201620202024Typical rent by year: 2012 AED 151,125; 2013 AED 154,275; 2014 AED 189,815; 2015 AED 190,000; 2016 AED 185,000; 2017 AED 177,500; 2018 AED 160,000; 2019 AED 150,000; 2020 AED 134,500; 2021 AED 125,000; 2022 AED 155,000; 2023 AED 162,500; 2024 AED 183,500; 2025 AED 207,250; 2026 AED 190,000New contract, May 2014: AED 190,000 a yearNew contract, May 2015: AED 190,000 a yearRenewal, May 2016: AED 197,000 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 2, and where 1703 sits

All 43 3-beds →

1703 last sold in July 2017 at AED 1,628 per sqft, 3% below what three-beds in Rimal 2 were fetching at the time (AED 1,681). Over the last 12 months three-beds sold for AED 3,100,000 to 4,800,000, around AED 2,428 per sqft, and rent for AED 80,000 to 240,000 a year. 1703's AED 197,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Apr 20264,800,000
12 Mar 20263,100,000
20 Nov 20254,600,000
30 Sep 20254,950,000
3 3-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
17022-bedAED 1.69M · Jun 2017
17043-bedAED 3.2M · Jul 2017

1703, Rimal 2 in numbers

  • Sold twice: first on 28 August 2008 for AED 699,000, last on 23 July 2017 for AED 3,100,000 (AED 1,628 per sqft).
  • Rented since May 2014 on 3 Ejari contracts, from AED 190,000 to AED 197,000 a year.
  • At AED 197,000 a year the gross yield on the 2017 price is 6.3%, before a service charge of about AED 35,000 a year (AED 18.38 per sqft).
  • Three-beds in Rimal 2 sold for AED 3,100,000–4,800,000 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 23 July 2017.

Questions about 1703, Rimal 2

What did unit 1703 last sell for?

AED 3,100,000 on 23 July 2017: AED 1,628 per sqft for 1,904 sqft. The unit has 2 registered sales; the first was AED 699,000 in August 2008.

What is the rent for unit 1703?

AED 197,000 a year on the contract renewed on 16 May 2016. The previous contract, from May 2015, was AED 190,000; the unit has been rented since May 2014.

How big is unit 1703?

1,904 sqft (176.9 sqm): a three-bedroom apartment on the 17th floor of a 40-storey tower completed in 2007.

What is unit 1703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rimal 2 sold for AED 3,100,000 to 4,800,000 in the last 12 months, around AED 2,428 per sqft.

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Mortgage on 1703, Rimal 2

Starts from the last sale price (AED 3.1M, 23 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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