2-bed · 1,243 sqftRimal 3, Jumeirah Beach Residence · 31st floor · completed 2007

3103, Rimal 3

Sold prices and rental history: sold once, by the developer in February 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 7 October 2018
Last soldAED 982K21 February 2008
Current rentAED 80K /yr7 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3103, Rimal 3

What is 3103 worth today?

Last sold for AED 981,750 in 2008

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7 Oct 2018RentedNew contract
AED 80,000/yr12 months · AED 65 per sqft
12 Nov 2017RentedNew contract
AED 49,931/yr24 months · AED 40 per sqft
1 Oct 2016RentedNew contract
AED 131,250/yr8 months · AED 106 per sqft
1 Oct 2014RentedNew contract
AED 125,000/yr12 months · AED 101 per sqft
21 Feb 2008Sold by developerReady
AED 981,750AED 789 per sqft

Source: Dubai Land Department. Updated 7 October 2018.

Key facts

Type
2-bed apartment
Size
1,243 sqft
Floor
31st of 41
Parking
M471
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,300 /yr
Last sold
AED 982K · February 2008
Building
Rimal 3

About 3103, Rimal 3

3103 is a two-bedroom apartment of 1,243 sqft on the 31st floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 21 February 2008 for AED 981,750, or AED 789 per sqft, 64% above the AED 481 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 7 October 2018, is AED 80,000 a year: a gross yield of 8.2% on the 2008 price, before the service charge of about AED 22,300 a year.

Sales and rents for 3103 over time

Sales
Unit 3103, each saleTypical two-bed in Rimal 3
1M2M20072012201720222027Typical sale price by year: 2007 AED 599,000; 2008 AED 756,250; 2009 AED 1,400,000; 2010 AED 1,150,000; 2011 AED 1,325,000; 2012 AED 975,000; 2013 AED 1,735,000; 2014 AED 2,600,000; 2015 AED 1,637,500; 2016 AED 2,050,000; 2018 AED 1,930,000; 2020 AED 1,600,000; 2021 AED 1,350,000; 2022 AED 1,737,500; 2023 AED 2,300,000; 2024 AED 2,100,000; 2025 AED 2,162,276; 2026 AED 2,200,000Sold by developer, February 2008: AED 981,750 (AED 789 per sqft)

3103 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3103, each contractTypical two-bed in Rimal 3
50K100K20112015201920232027Typical rent by year: 2011 AED 90,000; 2012 AED 95,000; 2013 AED 104,859; 2014 AED 126,000; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 119,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 80,200; 2022 AED 94,500; 2023 AED 101,750; 2024 AED 120,000; 2025 AED 133,500; 2026 AED 130,000New contract, October 2014: AED 125,000 a yearNew contract, October 2016: AED 131,250 a yearNew contract, November 2017: AED 49,931 a yearNew contract, October 2018: AED 80,000 a year

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

2-beds in Rimal 3, and where 3103 sits

All 85 2-beds →

3103 last sold in February 2008 at AED 789 per sqft, 64% above what two-beds in Rimal 3 were fetching at the time (AED 481). Over the last 12 months two-beds sold for AED 1,775,000 to 2,750,000, around AED 1,558 per sqft, and rent for AED 62,150 to 189,000 a year. 3103's AED 80,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Nov 20261,775,000
5 Oct 20262,750,000
9 Jun 20262,250,000
18 Mar 20262,150,000
5 2-bed 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 31st floor

All 222 units in Rimal 3
Value
31013-bedAED 323K · Mar 2008
31023-bedAED 667K · Nov 2007
31042-bedAED 550K · Jan 2008
31052-bedAED 599K · Aug 2007
31062-bedAED 2.4M · May 2023

3103, Rimal 3 in numbers

  • Sold once: by Dubai Properties on 21 February 2008 for AED 981,750, or AED 789 per sqft.
  • Rented since October 2014 on 4 Ejari contracts. The rent fell from AED 125,000 to AED 49,931 in 2017 and recovered to AED 80,000 by October 2018.
  • At AED 80,000 a year the gross yield on the 2008 price is 8.2%, before a service charge of about AED 22,300 a year (AED 17.94 per sqft).
  • Two-beds in Rimal 3 sold for AED 1,775,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 1,614 per sqft.

Source: Dubai Land Department. Updated 7 October 2018.

Questions about 3103, Rimal 3

What did unit 3103 last sell for?

AED 981,750 on 21 February 2008, sold by the developer: AED 789 per sqft for 1,243 sqft. It is the only registered sale of the unit.

What is the rent for unit 3103?

AED 80,000 a year on the contract signed on 7 October 2018. The previous contract, from November 2017, was AED 49,931; the unit has been rented since October 2014.

How big is unit 3103?

1,243 sqft (115.5 sqm): a two-bedroom apartment on the 31st floor of a 41-storey tower completed in 2007.

What is unit 3103 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 3 sold for AED 1,775,000 to 2,750,000 in the last 12 months, around AED 1,558 per sqft.

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Mortgage on 3103, Rimal 3

Starts from the last sale price (AED 982K, 21 February 2008). Switch to today's estimate once you have unlocked it.
Price
AED 981,750
Deposit, UAE resident (20%)
AED 196,350
Deposit, non-resident (40%)
AED 392,700
Monthly over 25 years at 3.7%
AED 4,017

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