L02, Rimal 2
Sold prices and rental history: sold twice, last in November 2011, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for L02, Rimal 2
What is L02 worth today?
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Source: Dubai Land Department. Updated 21 October 2020.
Key facts
- Type
- Penthouse apartment
- Size
- 2,203 sqft
- Floor
- Ground of 40
- Parking
- G210-11
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 40,500 /yr
- Last sold
- AED 2M · November 2011
- Building
- Rimal 2
About L02, Rimal 2
L02 is a penthouse of 2,203 sqft on the ground floor of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 16 November 2011 for AED 2,000,000, or AED 908 per sqft, in line with the AED 908 penthouses in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 21 October 2020, is AED 150,000 a year: a gross yield of 7.5% on the 2011 price, before the service charge of about AED 40,500 a year.
Sales and rents for L02 over time
L02 has sold twice; the dashed line is the penthouse median of each year in the building.
Penthouses in Rimal 2, and where L02 sits
All 6 penthouses →L02 last sold in November 2011 at AED 908 per sqft, in line with what penthouses in Rimal 2 were fetching at the time (AED 908).
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 May 202119 May 2021 | 2,186 sqft | 2,298,936 | 1,051 | ||
| 8 Aug 20168 August 2016 | 5,714 sqft | 8,850,000 | 1,548 | ||
| 22 May 201622 May 2016 | 2,192 sqft | 6,300,000 | 2,873 | ||
| 30 Sep 201430 September 2014 | 2,203 sqft | 3,000,000 | 1,362 |
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 ground floor
All 156 units in Rimal 2L02, Rimal 2 in numbers
- Sold twice: first on 25 October 2011 for AED 2,379,000, last on 16 November 2011 for AED 2,000,000 (AED 908 per sqft).
- Rented since June 2017 on 4 Ejari contracts, from AED 205,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2011 price is 7.5%, before a service charge of about AED 40,500 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 21 October 2020.
Questions about L02, Rimal 2
What did unit L02 last sell for?
AED 2,000,000 on 16 November 2011: AED 908 per sqft for 2,203 sqft. The unit has 2 registered sales; the first was AED 2,379,000 in October 2011.
What is the rent for unit L02?
AED 150,000 a year on the contract signed on 21 October 2020. The previous contract, from August 2019, was AED 170,000; the unit has been rented since June 2017.
How big is unit L02?
2,203 sqft (204.7 sqm): a penthouse on the ground floor of a 40-storey tower completed in 2007.
What is unit L02 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on L02, Rimal 2
Starts from the last sale price (AED 2M, 16 November 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →