2-bed · 1,422 sqftRimal 2, Jumeirah Beach Residence · 19th floor · completed 2007

1902, Rimal 2

Sold prices and rental history: sold once, by the developer in September 2007, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1902 · DLD and Ejari recordsUpdated 13 April 2024
Last soldAED 920K6 September 2007
Current rentAED 135K /yr13 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1902, Rimal 2

What is 1902 worth today?

Last sold for AED 920,000 in 2007

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13 Apr 2024RentedRenewal
AED 135,000/yr12 months · AED 95 per sqft
13 Apr 2023RentedRenewal
AED 125,000/yr12 months · AED 88 per sqft
13 Apr 2022RentedNew contract
AED 125,000/yr12 months · AED 88 per sqft
20 Jan 2021RentedRenewal
AED 78,000/yr12 months · AED 55 per sqft
20 Jan 2020RentedNew contract
AED 78,000/yr12 months · AED 55 per sqft
21 Jun 2019RentedRenewal
AED 105,000/yr6 months · AED 74 per sqft
21 Jun 2018RentedNew contract
AED 119,542/yr12 months · AED 84 per sqft
21 Jun 2015RentedNew contract
AED 113,850/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 13 April 2024.

Key facts

Type
2-bed apartment
Size
1,422 sqft
Floor
19th of 40
Parking
M318-19
Developer
Dubai Properties
Completed
2007
Service charge
AED 26,100 /yr
Last sold
AED 920K · September 2007
Building
Rimal 2

About 1902, Rimal 2

1902 is a two-bedroom apartment of 1,422 sqft on the 19th floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 6 September 2007 for AED 920,000, or AED 646 per sqft, in line with the AED 653 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 13 April 2024, is AED 135,000 a year: a gross yield of 14.7% on the 2007 price, before the service charge of about AED 26,100 a year.

Sales and rents for 1902 over time

Sales
Unit 1902, 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, September 2007: AED 920,000 (AED 646 per sqft)

1902 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1902, 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, June 2015: AED 113,850 a yearNew contract, June 2018: AED 119,542 a yearRenewal, June 2019: AED 105,000 a yearNew contract, January 2020: AED 78,000 a yearRenewal, January 2021: AED 78,000 a yearNew contract, April 2022: AED 125,000 a yearRenewal, April 2023: AED 125,000 a yearRenewal, April 2024: AED 135,000 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 1902 sits

All 54 2-beds →

1902 last sold in September 2007 at AED 646 per sqft, in line with what two-beds in Rimal 2 were fetching at the time (AED 653). 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. 1902's AED 135,000 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 19th floor

All 156 units in Rimal 2
Value
19012-bedAED 1.65M · May 2022
19033-bedAED 350K · Dec 2011
19043-bedAED 699K · Jan 2008

1902, Rimal 2 in numbers

  • Sold once: by Dubai Properties on 6 September 2007 for AED 920,000, or AED 646 per sqft.
  • Rented since June 2015 on 8 Ejari contracts. The rent fell from AED 113,850 to AED 78,000 in 2021 and recovered to AED 135,000 by April 2024.
  • At AED 135,000 a year the gross yield on the 2007 price is 14.7%, 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 13 April 2024.

Questions about 1902, Rimal 2

What did unit 1902 last sell for?

AED 920,000 on 6 September 2007, sold by the developer: AED 646 per sqft for 1,422 sqft. It is the only registered sale of the unit.

What is the rent for unit 1902?

AED 135,000 a year on the contract renewed on 13 April 2024. The previous contract, from April 2023, was AED 125,000; the unit has been rented since June 2015.

How big is unit 1902?

1,422 sqft (132.1 sqm): a two-bedroom apartment on the 19th floor of a 40-storey tower completed in 2007.

What is unit 1902 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 1902, Rimal 2

Starts from the last sale price (AED 920K, 6 September 2007). Switch to today's estimate once you have unlocked it.
Price
AED 920,000
Deposit, UAE resident (20%)
AED 184,000
Deposit, non-resident (40%)
AED 368,000
Monthly over 25 years at 3.7%
AED 3,764

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