502, Rimal 2
Sold prices and rental history: sold once, by the developer in January 2008, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Rimal 2
What is 502 worth today?
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Source: Dubai Land Department. Updated 4 July 2018.
Key facts
- Type
- Studio apartment
- Size
- 759 sqft
- Floor
- 5th of 40
- Parking
- B608
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,900 /yr
- Last sold
- AED 250K · January 2008
- Building
- Rimal 2
About 502, Rimal 2
502 is a studio of 759 sqft on the 5th floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 2 January 2008 for AED 250,000, or AED 329 per sqft, in line with the AED 329 studios in the building were fetching at the time.
It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 4 July 2018, is AED 75,000 a year: a gross yield of 30.0% on the 2008 price, before the service charge of about AED 13,900 a year.
Sales and rents for 502 over time
502 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Rimal 2, and where 502 sits
All 15 studios →502 last sold in January 2008 at AED 329 per sqft, in line with what studios in Rimal 2 were fetching at the time (AED 329). Over the last 12 months studios sold for AED 1,180,000, around AED 1,555 per sqft, and rent for AED 57,000 to 112,000 a year. 502's AED 75,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 759 sqft | 1,180,000 | 1,555 | ||
| 2 Apr 20252 April 2025 | 455 sqft | 540,000 | 1,186 | ||
| 14 Nov 202414 November 2024 | 759 sqft | 16,947 | 22 | ||
| 7 Nov 20247 November 2024 | 759 sqft | 1,225,000 | 1,614 |
Rimal 2
Building156 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%
Other units on the 5th floor
All 156 units in Rimal 2502, Rimal 2 in numbers
- Sold once: by Dubai Properties on 2 January 2008 for AED 250,000, or AED 329 per sqft.
- Rented since July 2017 on 2 Ejari contracts, at AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2008 price is 30.0%, before a service charge of about AED 13,900 a year (AED 18.38 per sqft).
- Studios in Rimal 2 sold for AED 1,180,000–1,180,000 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 4 July 2018.
Questions about 502, Rimal 2
What did unit 502 last sell for?
AED 250,000 on 2 January 2008, sold by the developer: AED 329 per sqft for 759 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 75,000 a year on the contract renewed on 4 July 2018. The previous contract, from July 2017, was AED 75,000.
How big is unit 502?
759 sqft (70.5 sqm): a studio on the 5th floor of a 40-storey tower completed in 2007.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Rimal 2 sold for AED 1,180,000 to 1,180,000 in the last 12 months, around AED 1,555 per sqft.
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Mortgage on 502, Rimal 2
Starts from the last sale price (AED 250K, 2 January 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 250,000
- Deposit, UAE resident (20%)
- AED 50,000
- Deposit, non-resident (40%)
- AED 100,000
- Monthly over 25 years at 3.7%
- AED 1,023
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →