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3-bed · 1,894 sqftRimal 2, Jumeirah Beach Residence · 2nd floor · completed 2007

204, Rimal 2

Sold prices and rental history: sold once, by the developer in November 2007, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 1 January 2017
Last soldAED 699K6 November 2007
Current rentAED 165K /yr1 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, Rimal 2

What is 204 worth today?

Last sold for AED 699,000 in 2007

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1 Jan 2017RentedRenewal
AED 165,000/yr12 months · AED 87 per sqft
1 Jul 2016RentedRenewal
AED 165,000/yr6 months · AED 87 per sqft
10 Jan 2016RentedNew contract
AED 164,641/yr6 months · AED 87 per sqft
6 Nov 2007Sold by developerReady
AED 699,000AED 369 per sqft

Source: Dubai Land Department. Updated 1 January 2017.

Key facts

Type
3-bed apartment
Size
1,894 sqft
Floor
2nd of 40
Parking
B651-52
Developer
Dubai Properties
Completed
2007
Service charge
AED 34,800 /yr
Last sold
AED 699K · November 2007
Building
Rimal 2

About 204, Rimal 2

204 is a three-bedroom apartment of 1,894 sqft on the 2nd floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 6 November 2007 for AED 699,000, or AED 369 per sqft, in line with the AED 369 three-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 1 January 2017, is AED 165,000 a year: a gross yield of 23.6% on the 2007 price, before the service charge of about AED 34,800 a year.

Sales and rents for 204 over time

Sales
Unit 204, 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, November 2007: AED 699,000 (AED 369 per sqft)

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

Rents
Unit 204, 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, January 2016: AED 164,641 a yearRenewal, July 2016: AED 165,000 a yearRenewal, January 2017: AED 165,000 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 204 sits

All 43 3-beds →

204 last sold in November 2007 at AED 369 per sqft, in line with what three-beds in Rimal 2 were fetching at the time (AED 369). 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. 204's AED 165,000 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 2nd floor

All 156 units in Rimal 2
Value
2011-bedAED 1.07M · Jun 2012
202StudioAED 250K · Sep 2013
2031-bedAED 1.35M · Jan 2016
2053-bedAED 699K · Nov 2007

204, Rimal 2 in numbers

  • Sold once: by Dubai Properties on 6 November 2007 for AED 699,000, or AED 369 per sqft.
  • Rented since January 2016 on 3 Ejari contracts, from AED 164,641 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2007 price is 23.6%, before a service charge of about AED 34,800 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 1 January 2017.

Questions about 204, Rimal 2

What did unit 204 last sell for?

AED 699,000 on 6 November 2007, sold by the developer: AED 369 per sqft for 1,894 sqft. It is the only registered sale of the unit.

What is the rent for unit 204?

AED 165,000 a year on the contract renewed on 1 January 2017. The previous contract, from July 2016, was AED 165,000; the unit has been rented since January 2016.

How big is unit 204?

1,894 sqft (176.0 sqm): a three-bedroom apartment on the 2nd floor of a 40-storey tower completed in 2007.

What is unit 204 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 204, Rimal 2

Starts from the last sale price (AED 699K, 6 November 2007). Switch to today's estimate once you have unlocked it.
Price
AED 699,000
Deposit, UAE resident (20%)
AED 139,800
Deposit, non-resident (40%)
AED 279,600
Monthly over 25 years at 3.7%
AED 2,860

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