3-bed · 1,903 sqftRimal 2, Jumeirah Beach Residence · 17th floor · completed 2007

1704, Rimal 2

Sold prices and rental history: sold twice, last in July 2017, and rented once, from November 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 17 July 2017
Last soldAED 3.2M17 July 2017
Current rentAED 152K /yr26 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, Rimal 2

What is 1704 worth today?

Last sold for AED 3,200,000 in 2017

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17 Jul 2017SoldReady
AED 3,200,000AED 1,681 per sqft
26 Nov 2012RentedNew contract
AED 152,250/yr12 months · AED 80 per sqft
9 Sep 2007Sold by developerReady
AED 699,000AED 367 per sqft

Source: Dubai Land Department. Updated 17 July 2017.

Key facts

Type
3-bed apartment
Size
1,903 sqft
Floor
17th of 40
Parking
M349
Developer
Dubai Properties
Completed
2007
Service charge
AED 35,000 /yr
Last sold
AED 3.2M · July 2017
Building
Rimal 2

About 1704, Rimal 2

1704 is a three-bedroom apartment of 1,903 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 17 July 2017 for AED 3,200,000, or AED 1,681 per sqft.

One Ejari contract is registered, from 26 November 2012. The current contract, signed on 26 November 2012, is AED 152,250 a year: a gross yield of 4.8% on the 2017 price, before the service charge of about AED 35,000 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, September 2007: AED 699,000 (AED 367 per sqft)Sold, July 2017: AED 3,200,000 (AED 1,681 per sqft)

1704 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1704, 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, November 2012: AED 152,250 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 1704 sits

All 43 3-beds →

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. 1704's AED 152,250 is in the lower 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
17033-bedAED 3.1M · Jul 2017

1704, Rimal 2 in numbers

  • Sold twice: first on 9 September 2007 for AED 699,000, last on 17 July 2017 for AED 3,200,000 (AED 1,681 per sqft).
  • Rented since November 2012 on one Ejari contract, at AED 152,250 a year.
  • At AED 152,250 a year the gross yield on the 2017 price is 4.8%, 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 17 July 2017.

Questions about 1704, Rimal 2

What did unit 1704 last sell for?

AED 3,200,000 on 17 July 2017: AED 1,681 per sqft for 1,903 sqft. The unit has 2 registered sales; the first was AED 699,000 in September 2007.

What is the rent for unit 1704?

AED 152,250 a year on the contract signed on 26 November 2012.

How big is unit 1704?

1,903 sqft (176.8 sqm): a three-bedroom apartment on the 17th floor of a 40-storey tower completed in 2007.

What is unit 1704 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 1704, Rimal 2

Starts from the last sale price (AED 3.2M, 17 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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