2-bed · 1,408 sqftRimal 2, Jumeirah Beach Residence · 23rd floor · completed 2007

2301, Rimal 2

Sold prices and rental history: sold twice, last in October 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 26 October 2022
Last soldAED 1.82M26 October 2022
Current rentAED 85K /yr10 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2301, Rimal 2

What is 2301 worth today?

Last sold for AED 1,820,000 in 2022

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26 Oct 2022SoldReady
AED 1,820,000AED 1,293 per sqft
10 Aug 2021RentedRenewal
AED 85,000/yr13 months · AED 60 per sqft
10 Aug 2020RentedNew contract
AED 75,000/yr12 months · AED 53 per sqft
17 Nov 2019RentedNew contract
AED 100,000/yr12 months · AED 71 per sqft
17 Nov 2018RentedNew contract
AED 100,000/yr12 months · AED 71 per sqft
1 Oct 2017RentedRenewal
AED 125,000/yr12 months · AED 89 per sqft
1 Oct 2016RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft
1 Oct 2014RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 26 October 2022.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
23rd of 40
Parking
M352
Developer
Dubai Properties
Completed
2007
Service charge
AED 25,900 /yr
Last sold
AED 1.82M · October 2022
Building
Rimal 2

About 2301, Rimal 2

2301 is a two-bedroom apartment of 1,408 sqft on the 23rd floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 26 October 2022 for AED 1,820,000, or AED 1,293 per sqft, 5% above the AED 1,232 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 10 August 2021, is AED 85,000 a year: a gross yield of 4.7% on the 2022 price, before the service charge of about AED 25,900 a year.

Sales and rents for 2301 over time

Sales
Unit 2301, 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, November 2008: AED 550,000 (AED 390 per sqft)Sold, October 2022: AED 1,820,000 (AED 1,293 per sqft)

2301 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2301, 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, October 2012: AED 110,000 a yearNew contract, October 2013: AED 110,000 a yearNew contract, October 2014: AED 140,000 a yearNew contract, October 2016: AED 140,000 a yearRenewal, October 2017: AED 125,000 a yearNew contract, November 2018: AED 100,000 a yearNew contract, November 2019: AED 100,000 a yearNew contract, August 2020: AED 75,000 a yearRenewal, August 2021: AED 85,000 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 2301 sits

All 54 2-beds →

2301 last sold in October 2022 at AED 1,293 per sqft, 5% above what two-beds in Rimal 2 were fetching at the time (AED 1,232). 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. 2301's AED 85,000 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 23rd floor

All 156 units in Rimal 2
Value
23022-bedAED 1.7M · Dec 2022
23032-bedAED 599K · Apr 2009
23042-bedAED 599K · Apr 2009

2301, Rimal 2 in numbers

  • Sold twice: first on 18 November 2008 for AED 550,000, last on 26 October 2022 for AED 1,820,000 (AED 1,293 per sqft).
  • Rented since October 2012 on 9 Ejari contracts. The rent fell from AED 110,000 to AED 75,000 in 2020 and recovered to AED 85,000 by August 2021.
  • At AED 85,000 a year the gross yield on the 2022 price is 4.7%, before a service charge of about AED 25,900 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 26 October 2022.

Questions about 2301, Rimal 2

What did unit 2301 last sell for?

AED 1,820,000 on 26 October 2022: AED 1,293 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 550,000 in November 2008.

What is the rent for unit 2301?

AED 85,000 a year on the contract renewed on 10 August 2021. The previous contract, from August 2020, was AED 75,000; the unit has been rented since October 2012.

How big is unit 2301?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 23rd floor of a 40-storey tower completed in 2007.

What is unit 2301 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 2301, Rimal 2

Starts from the last sale price (AED 1.82M, 26 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,820,000
Deposit, UAE resident (20%)
AED 364,000
Deposit, non-resident (40%)
AED 728,000
Monthly over 25 years at 3.7%
AED 7,446

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