407, Rimal 3
Sold prices and rental history: sold twice, last in October 2015, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Rimal 3
What is 407 worth today?
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Source: Dubai Land Department. Updated 1 October 2015.
Key facts
- Type
- Studio apartment
- Size
- 757 sqft
- Floor
- 4th of 41
- Parking
- B554
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.2M · October 2015
- Building
- Rimal 3
About 407, Rimal 3
407 is a studio of 757 sqft on the 4th floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 October 2015 for AED 1,200,000, or AED 1,585 per sqft, 100% above the AED 792 studios in the building were fetching at the time.
It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 August 2014, is AED 85,000 a year: a gross yield of 7.1% on the 2015 price, before the service charge of about AED 13,600 a year.
Sales and rents for 407 over time
407 has sold twice; the dashed line is the studio median of each year in the building.
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 407 sits
All 22 studios →407 last sold in October 2015 at AED 1,585 per sqft, 100% above what studios in Rimal 3 were fetching at the time (AED 792). 407's AED 85,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 May 202515 May 2025 | 757 sqft | 1,230,000 | 1,625 | ||
| 2 Oct 20242 October 2024 | 757 sqft | 1,300,000 | 1,717 | ||
| 7 Feb 20247 February 2024 | 757 sqft | 1,200,000 | 1,585 | ||
| 14 Dec 202314 December 2023 | 757 sqft | 1,400,000 | 1,850 |
Rimal 3
Building222 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%
Other units on the 4th floor
All 222 units in Rimal 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 1,948 sqft | AED 590KAED 590,000 · Oct 2007October 2007 | 120,000 /yr | |
| 402 | 3-bed | 1,948 sqft | AED 699KAED 699,000 · Sep 2007September 2007 | 260,000 /yr | |
| 403 | 1-bed | 929 sqft | AED 1.5MAED 1,500,000 · Mar 2009March 2009 | 93,500 /yr | |
| 404 | Studio | 757 sqft | AED 250KAED 250,000 · Apr 2015April 2015 | ||
| 405 | 1-bed | 1,158 sqft | AED 380KAED 380,000 · Dec 2007December 2007 | 100,000 /yr | |
| 406 | 1-bed | 1,158 sqft | AED 449KAED 449,000 · May 2008May 2008 | 99,225 /yr | |
| 408 | 1-bed | 929 sqft | AED 1.3MAED 1,295,000 · Nov 2009November 2009 | 113,861 /yr |
407, Rimal 3 in numbers
- Sold twice: first on 10 November 2010 for AED 299,000, last on 1 October 2015 for AED 1,200,000 (AED 1,585 per sqft).
- Rented since July 2012 on 3 Ejari contracts, from AED 50,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2015 price is 7.1%, before a service charge of about AED 13,600 a year (AED 17.94 per sqft).
Source: Dubai Land Department. Updated 1 October 2015.
Questions about 407, Rimal 3
What did unit 407 last sell for?
AED 1,200,000 on 1 October 2015: AED 1,585 per sqft for 757 sqft. The unit has 2 registered sales; the first was AED 299,000 in November 2010.
What is the rent for unit 407?
AED 85,000 a year on the contract signed on 1 August 2014. The previous contract, from July 2013, was AED 65,000; the unit has been rented since July 2012.
How big is unit 407?
757 sqft (70.3 sqm): a studio on the 4th floor of a 41-storey tower completed in 2007.
What is unit 407 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 407, Rimal 3
Starts from the last sale price (AED 1.2M, 1 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,200,000
- Deposit, UAE resident (20%)
- AED 240,000
- Deposit, non-resident (40%)
- AED 480,000
- Monthly over 25 years at 3.7%
- AED 4,910
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →