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

2302, Rimal 2

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 16 June 2023
Last soldAED 1.7M20 December 2022
Current rentAED 97K /yr16 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2302, Rimal 2

What is 2302 worth today?

Last sold for AED 1,700,000 in 2022

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16 Jun 2023RentedNew contract
AED 97,149/yr6 months · AED 69 per sqft
20 Dec 2022SoldReady
AED 1,700,000AED 1,207 per sqft
16 Jun 2022RentedRenewal
AED 88,000/yr12 months · AED 62 per sqft
16 Jun 2021RentedRenewal
AED 80,000/yr12 months · AED 57 per sqft
16 Jun 2020RentedRenewal
AED 80,000/yr12 months · AED 57 per sqft
16 Jun 2019RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft
1 Nov 2018RentedRenewal
AED 125,000/yr6 months · AED 89 per sqft
1 Nov 2017RentedRenewal
AED 125,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 16 June 2023.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
23rd of 40
Parking
M337
Developer
Dubai Properties
Completed
2007
Service charge
AED 25,900 /yr
Last sold
AED 1.7M · December 2022
Building
Rimal 2

About 2302, Rimal 2

2302 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 20 December 2022 for AED 1,700,000, or AED 1,207 per sqft, in line with the AED 1,236 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 16 June 2023, is AED 97,149 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 25,900 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, 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 653 per sqft)Sold, December 2022: AED 1,700,000 (AED 1,207 per sqft)

2302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2302, 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 2013: AED 130,000 a yearNew contract, November 2014: AED 135,000 a yearNew contract, November 2016: AED 125,000 a yearRenewal, November 2017: AED 125,000 a yearRenewal, November 2018: AED 125,000 a yearNew contract, June 2019: AED 90,000 a yearRenewal, June 2020: AED 80,000 a yearRenewal, June 2021: AED 80,000 a yearRenewal, June 2022: AED 88,000 a yearNew contract, June 2023: AED 97,149 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 2302 sits

All 54 2-beds →

2302 last sold in December 2022 at AED 1,207 per sqft, in line with what two-beds in Rimal 2 were fetching at the time (AED 1,236). 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. 2302's AED 97,149 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
23012-bedAED 1.82M · Oct 2022
23032-bedAED 599K · Apr 2009
23042-bedAED 599K · Apr 2009

2302, Rimal 2 in numbers

  • Sold twice: first on 6 September 2007 for AED 920,000, last on 20 December 2022 for AED 1,700,000 (AED 1,207 per sqft).
  • Rented since October 2013 on 10 Ejari contracts. The rent fell from AED 130,000 to AED 80,000 in 2021 and recovered to AED 97,149 by June 2023.
  • At AED 97,149 a year the gross yield on the 2022 price is 5.7%, 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 16 June 2023.

Questions about 2302, Rimal 2

What did unit 2302 last sell for?

AED 1,700,000 on 20 December 2022: AED 1,207 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 920,000 in September 2007.

What is the rent for unit 2302?

AED 97,149 a year on the contract signed on 16 June 2023. The previous contract, from June 2022, was AED 88,000; the unit has been rented since October 2013.

How big is unit 2302?

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 2302 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 2302, Rimal 2

Starts from the last sale price (AED 1.7M, 20 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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