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3-bed · 1,982 sqftRimal 2, Jumeirah Beach Residence · completed 2007

UP3, Rimal 2

Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit UP3 · DLD and Ejari recordsUpdated 1 October 2018
Last soldAED 1.59M3 August 2015
Current rentAED 120K /yr1 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for UP3, Rimal 2

What is UP3 worth today?

Last sold for AED 1,585,920 in 2015

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1 Oct 2018RentedNew contract
AED 120,000/yr12 months · AED 61 per sqft
15 May 2017RentedRenewal
AED 145,000/yr12 months · AED 73 per sqft
15 May 2016RentedNew contract
AED 145,000/yr12 months · AED 73 per sqft
3 Aug 2015Sold by developerReady
AED 1,585,920AED 800 per sqft
15 May 2015RentedNew contract
AED 145,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 1 October 2018.

Key facts

Type
3-bed apartment
Size
1,982 sqft
Parking
G300
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,400 /yr
Last sold
AED 1.59M · August 2015
Building
Rimal 2

About UP3, Rimal 2

UP3 is a three-bedroom apartment of 1,982 sqft of Rimal 2, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 3 August 2015 for AED 1,585,920, or AED 800 per sqft, 18% below the AED 973 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 October 2018, is AED 120,000 a year: a gross yield of 7.6% on the 2015 price, before the service charge of about AED 36,400 a year.

Sales and rents for UP3 over time

Sales
Unit UP3, each saleTypical three-bed in Rimal 2
2M4M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2010 AED 2,369,000; 2012 AED 1,800,000; 2013 AED 1,599,500; 2014 AED 1,604,500; 2015 AED 2,325,000; 2017 AED 3,200,000; 2021 AED 2,911,111; 2024 AED 2,815,000; 2025 AED 3,700,000Sold by developer, August 2015: AED 1,585,920 (AED 800 per sqft)

UP3 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit UP3, each contractTypical three-bed in Rimal 2
150K200K2012201620202024Typical rent by year: 2012 AED 151,125; 2013 AED 154,275; 2014 AED 189,815; 2015 AED 190,000; 2016 AED 185,000; 2017 AED 177,500; 2018 AED 160,000; 2019 AED 150,000; 2020 AED 134,500; 2021 AED 125,000; 2022 AED 155,000; 2023 AED 162,500; 2024 AED 183,500; 2025 AED 207,250; 2026 AED 190,000New contract, May 2015: AED 145,000 a yearNew contract, May 2016: AED 145,000 a yearRenewal, May 2017: AED 145,000 a yearNew contract, October 2018: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Rimal 2, and where UP3 sits

All 43 3-beds →

UP3 last sold in August 2015 at AED 800 per sqft, 18% below what three-beds in Rimal 2 were fetching at the time (AED 973). Over the last 12 months three-beds sold for AED 3,100,000 to 4,800,000, around AED 2,428 per sqft, and rent for AED 80,000 to 240,000 a year. UP3's AED 120,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Apr 20264,800,000
12 Mar 20263,100,000
20 Nov 20254,600,000
30 Sep 20254,950,000
3 3-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 →

UP3, Rimal 2 in numbers

  • Sold once: by Dubai Properties on 3 August 2015 for AED 1,585,920, or AED 800 per sqft.
  • Rented since May 2015 on 4 Ejari contracts, from AED 145,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2015 price is 7.6%, before a service charge of about AED 36,400 a year (AED 18.38 per sqft).
  • Three-beds in Rimal 2 sold for AED 3,100,000–4,800,000 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 October 2018.

Questions about UP3, Rimal 2

What did unit UP3 last sell for?

AED 1,585,920 on 3 August 2015, sold by the developer: AED 800 per sqft for 1,982 sqft. It is the only registered sale of the unit.

What is the rent for unit UP3?

AED 120,000 a year on the contract signed on 1 October 2018. The previous contract, from May 2017, was AED 145,000; the unit has been rented since May 2015.

How big is unit UP3?

1,982 sqft (184.1 sqm): a three-bedroom apartment of a 40-storey tower completed in 2007.

What is unit UP3 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rimal 2 sold for AED 3,100,000 to 4,800,000 in the last 12 months, around AED 2,428 per sqft.

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Mortgage on UP3, Rimal 2

Starts from the last sale price (AED 1.59M, 3 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,585,920
Deposit, UAE resident (20%)
AED 317,184
Deposit, non-resident (40%)
AED 634,368
Monthly over 25 years at 3.7%
AED 6,488

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