LP1, Rimal 2
Sold prices and rental history: sold 5 times, last in November 2023, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for LP1, Rimal 2
What is LP1 worth today?
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Source: Dubai Land Department. Updated 15 November 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 3,221 sqft
- Floor
- Ground of 40
- Parking
- B657-B658
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 59,200 /yr
- Last sold
- AED 3.5M · November 2023
- Building
- Rimal 2
About LP1, Rimal 2
LP1 is a four-bedroom apartment of 3,221 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 15 November 2023 for AED 3,500,000, or AED 1,086 per sqft.
It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 28 August 2018, is AED 150,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 59,200 a year.
Sales and rents for LP1 over time
LP1 has sold 5 times; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Rimal 2, and where LP1 sits
All 11 4-beds →| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Feb 202225 February 2022 | 2,882 sqft | 3,000,000 | 1,041 | ||
| 15 Dec 202115 December 2021 | 2,882 sqft | 4,000,000 | 1,388 | ||
| 13 Jun 202113 June 2021 | 2,871 sqft | 2,900,000 | 1,010 | ||
| 12 Nov 202012 November 2020 | 2,882 sqft | 3,000,000 | 1,041 |
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 2LP1, Rimal 2 in numbers
- Sold 5 times: first on 1 March 2010 for AED 4,616,850, last on 15 November 2023 for AED 3,500,000 (AED 1,086 per sqft).
- Rented since February 2017 on 2 Ejari contracts, from AED 142,012 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 59,200 a year (AED 18.38 per sqft).
Source: Dubai Land Department. Updated 15 November 2023.
Questions about LP1, Rimal 2
What did unit LP1 last sell for?
AED 3,500,000 on 15 November 2023: AED 1,086 per sqft for 3,221 sqft. The unit has 5 registered sales; the first was AED 4,616,850 in March 2010.
What is the rent for unit LP1?
AED 150,000 a year on the contract signed on 28 August 2018. The previous contract, from February 2017, was AED 142,012.
How big is unit LP1?
3,221 sqft (299.2 sqm): a four-bedroom apartment on the ground floor of a 40-storey tower completed in 2007.
What is unit LP1 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 LP1, Rimal 2
Starts from the last sale price (AED 3.5M, 15 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →