Studio · 757 sqftRimal 3, Jumeirah Beach Residence · 3rd floor · completed 2007

307, Rimal 3

Sold prices and rental history: sold once, by the developer in February 2008, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 1 January 2018
Last soldAED 299K27 February 2008
Current rentAED 80K /yr1 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Rimal 3

What is 307 worth today?

Last sold for AED 299,000 in 2008

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1 Jan 2018RentedNew contract
AED 80,000/yr6 months · AED 106 per sqft
27 Sep 2016RentedNew contract
AED 75,000/yr12 months · AED 100 per sqft
27 Feb 2008Sold by developerReady
AED 299,000AED 395 per sqft

Source: Dubai Land Department. Updated 1 January 2018.

Key facts

Type
Studio apartment
Size
757 sqft
Floor
3rd of 41
Parking
B556
Developer
Dubai Properties
Completed
2007
Service charge
AED 13,600 /yr
Last sold
AED 299K · February 2008
Building
Rimal 3

About 307, Rimal 3

307 is a studio of 757 sqft on the 3rd floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 27 February 2008 for AED 299,000, or AED 395 per sqft, in line with the AED 395 studios in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 1 January 2018, is AED 80,000 a year: a gross yield of 26.8% on the 2008 price, before the service charge of about AED 13,600 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical studio in Rimal 3
1M2007201220172022Typical sale price by year: 2007 AED 250,000; 2008 AED 299,000; 2010 AED 250,000; 2012 AED 549,500; 2013 AED 995,000; 2015 AED 600,000; 2022 AED 1,050,000; 2023 AED 1,400,000Sold by developer, February 2008: AED 299,000 (AED 395 per sqft)

307 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 307, each contractTypical studio in Rimal 3
60K80K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 67,000; 2014 AED 76,500; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 75,000; 2018 AED 70,000; 2019 AED 63,000; 2020 AED 57,750; 2021 AED 48,000; 2022 AED 50,158; 2023 AED 60,800; 2024 AED 58,600; 2025 AED 83,000; 2026 AED 80,000New contract, September 2016: AED 75,000 a yearNew contract, January 2018: AED 80,000 a year

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

Studios in Rimal 3, and where 307 sits

All 22 studios →

307 last sold in February 2008 at AED 395 per sqft, in line with what studios in Rimal 3 were fetching at the time (AED 395). 307's AED 80,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
15 May 20251,230,000
2 Oct 20241,300,000
7 Feb 20241,200,000
14 Dec 20231,400,000
0 studio sales in the last 12 months

Rimal 3

Building

222 apartments, studios to 4-bed over 41 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 9 sold in the last 12 months.

Typical price per sqft
AED 1,614
Typical sale
AED 2.09M
Typical rent
AED 131K /yr
Typical yield
5.9%
Rimal 3, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 3rd floor

All 222 units in Rimal 3
Value
3013-bedAED 590K · Feb 2010
3023-bedAED 2.7M · May 2013
3031-bedAED 1.58M · Nov 2024
304StudioAED 250K · Feb 2010
3051-bedAED 380K · Jul 2007
3061-bedAED 1.45M · Apr 2016
3081-bedAED 1.06M · Feb 2012

307, Rimal 3 in numbers

  • Sold once: by Dubai Properties on 27 February 2008 for AED 299,000, or AED 395 per sqft.
  • Rented since September 2016 on 2 Ejari contracts, from AED 75,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2008 price is 26.8%, before a service charge of about AED 13,600 a year (AED 17.94 per sqft).

Source: Dubai Land Department. Updated 1 January 2018.

Questions about 307, Rimal 3

What did unit 307 last sell for?

AED 299,000 on 27 February 2008, sold by the developer: AED 395 per sqft for 757 sqft. It is the only registered sale of the unit.

What is the rent for unit 307?

AED 80,000 a year on the contract signed on 1 January 2018. The previous contract, from September 2016, was AED 75,000.

How big is unit 307?

757 sqft (70.3 sqm): a studio on the 3rd floor of a 41-storey tower completed in 2007.

What is unit 307 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 307, Rimal 3

Starts from the last sale price (AED 299K, 27 February 2008). Switch to today's estimate once you have unlocked it.
Price
AED 299,000
Deposit, UAE resident (20%)
AED 59,800
Deposit, non-resident (40%)
AED 119,600
Monthly over 25 years at 3.7%
AED 1,223

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