2-bed · 1,408 sqftRimal 2, Jumeirah Beach Residence · 31st floor · completed 2007

3104, Rimal 2

Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3104 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 599K5 August 2009
Current rentAED 140K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3104, Rimal 2

What is 3104 worth today?

Last sold for AED 599,000 in 2009

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1 Nov 2022RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft
1 Nov 2021RentedRenewal
AED 115,000/yr12 months · AED 82 per sqft
1 Nov 2020RentedRenewal
AED 115,000/yr12 months · AED 82 per sqft
1 Nov 2019RentedRenewal
AED 133,000/yr12 months · AED 94 per sqft
1 Nov 2018RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft
5 Aug 2009Sold by developerReady
AED 599,000AED 425 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
31st of 40
Parking
G203
Developer
Dubai Properties
Completed
2007
Service charge
AED 25,900 /yr
Last sold
AED 599K · August 2009
Building
Rimal 2

About 3104, Rimal 2

3104 is a two-bedroom apartment of 1,408 sqft on the 31st floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 5 August 2009 for AED 599,000, or AED 425 per sqft, in line with the AED 425 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 November 2022, is AED 140,000 a year: a gross yield of 23.4% on the 2009 price, before the service charge of about AED 25,900 a year.

Sales and rents for 3104 over time

Sales
Unit 3104, 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, August 2009: AED 599,000 (AED 425 per sqft)

3104 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3104, each contractTypical two-bed in Rimal 2
100K125K2012201620202024Typical 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, November 2018: AED 140,000 a yearRenewal, November 2019: AED 133,000 a yearRenewal, November 2020: AED 115,000 a yearRenewal, November 2021: AED 115,000 a yearNew contract, November 2022: AED 140,000 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 3104 sits

All 54 2-beds →

3104 last sold in August 2009 at AED 425 per sqft, in line with what two-beds in Rimal 2 were fetching at the time (AED 425). 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. 3104's AED 140,000 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 31st floor

All 156 units in Rimal 2
Value
31012-bedAED 720K · Dec 2007
31022-bedAED 720K · Feb 2008
31032-bedAED 1.9M · Oct 2011

3104, Rimal 2 in numbers

  • Sold once: by Dubai Properties on 5 August 2009 for AED 599,000, or AED 425 per sqft.
  • Rented since November 2018 on 5 Ejari contracts. The rent fell from AED 140,000 to AED 115,000 in 2021 and recovered to AED 140,000 by November 2022.
  • At AED 140,000 a year the gross yield on the 2009 price is 23.4%, 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 1 November 2022.

Questions about 3104, Rimal 2

What did unit 3104 last sell for?

AED 599,000 on 5 August 2009, sold by the developer: AED 425 per sqft for 1,408 sqft. It is the only registered sale of the unit.

What is the rent for unit 3104?

AED 140,000 a year on the contract signed on 1 November 2022. The previous contract, from November 2021, was AED 115,000; the unit has been rented since November 2018.

How big is unit 3104?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 31st floor of a 40-storey tower completed in 2007.

What is unit 3104 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 3104, Rimal 2

Starts from the last sale price (AED 599K, 5 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 599,000
Deposit, UAE resident (20%)
AED 119,800
Deposit, non-resident (40%)
AED 239,600
Monthly over 25 years at 3.7%
AED 2,451

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