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1-bed · 929 sqftRimal 3, Jumeirah Beach Residence · 4th floor · completed 2007

408, Rimal 3

Sold prices and rental history: sold twice, last in November 2009, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 1 April 2015
Last soldAED 1.3M17 November 2009
Current rentAED 114K /yr1 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Rimal 3

What is 408 worth today?

Last sold for AED 1,295,000 in 2009

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1 Apr 2015RentedRenewal
AED 113,861/yr12 months · AED 123 per sqft
1 Apr 2014RentedNew contract
AED 115,000/yr12 months · AED 124 per sqft
17 Nov 2009SoldReady
AED 1,295,000AED 1,394 per sqft
17 Jul 2008Sold by developerReady
AED 224,500AED 241 per sqft

Source: Dubai Land Department. Updated 1 April 2015.

Key facts

Type
1-bed apartment
Size
929 sqft
Floor
4th of 41
Parking
B475
Developer
Dubai Properties
Completed
2007
Service charge
AED 16,700 /yr
Last sold
AED 1.3M · November 2009
Building
Rimal 3

About 408, Rimal 3

408 is a one-bedroom apartment of 929 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 17 November 2009 for AED 1,295,000, or AED 1,394 per sqft, 12% above the AED 1,243 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 1 April 2015, is AED 113,861 a year: a gross yield of 8.8% on the 2009 price, before the service charge of about AED 16,700 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical one-bed in Rimal 3
01M2M20072012201720222027Typical sale price by year: 2007 AED 449,000; 2008 AED 397,500; 2009 AED 1,155,000; 2010 AED 455,000; 2012 AED 1,017,500; 2013 AED 449,000; 2015 AED 1,500,000; 2018 AED 1,215,000; 2021 AED 1,150,000; 2023 AED 1,450,000; 2024 AED 1,570,000; 2025 AED 1,750,000; 2026 AED 1,115,000Sold by developer, July 2008: AED 224,500 (AED 241 per sqft)Sold, November 2009: AED 1,295,000 (AED 1,394 per sqft)

408 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 408, each contractTypical one-bed in Rimal 3
50K100K2013201720212025Typical rent by year: 2013 AED 87,500; 2014 AED 95,000; 2015 AED 99,500; 2016 AED 100,000; 2017 AED 99,500; 2018 AED 85,000; 2019 AED 80,000; 2020 AED 61,000; 2021 AED 57,750; 2022 AED 71,500; 2023 AED 78,650; 2024 AED 93,500; 2025 AED 93,500; 2026 AED 90,000New contract, April 2014: AED 115,000 a yearRenewal, April 2015: AED 113,861 a year

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

1-beds in Rimal 3, and where 408 sits

All 46 1-beds →

408 last sold in November 2009 at AED 1,394 per sqft, 12% above what one-beds in Rimal 3 were fetching at the time (AED 1,243). Over the last 12 months one-beds sold for AED 764,000 to 1,500,000, around AED 1,614 per sqft, and rent for AED 70,000 to 125,000 a year. 408's AED 113,861 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Jun 20261,115,000
24 Jun 20261,500,000
16 Apr 2026764,000
3 Jun 2025127,000
3 1-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 4th floor

All 222 units in Rimal 3
Value
4013-bedAED 590K · Oct 2007
4023-bedAED 699K · Sep 2007
4031-bedAED 1.5M · Mar 2009
404StudioAED 250K · Apr 2015
4051-bedAED 380K · Dec 2007
4061-bedAED 449K · May 2008
407StudioAED 1.2M · Oct 2015

408, Rimal 3 in numbers

  • Sold twice: first on 17 July 2008 for AED 224,500, last on 17 November 2009 for AED 1,295,000 (AED 1,394 per sqft).
  • Rented since April 2014 on 2 Ejari contracts, from AED 115,000 to AED 113,861 a year.
  • At AED 113,861 a year the gross yield on the 2009 price is 8.8%, before a service charge of about AED 16,700 a year (AED 17.94 per sqft).
  • One-beds in Rimal 3 sold for AED 764,000–1,500,000 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 1 April 2015.

Questions about 408, Rimal 3

What did unit 408 last sell for?

AED 1,295,000 on 17 November 2009: AED 1,394 per sqft for 929 sqft. The unit has 2 registered sales; the first was AED 224,500 in July 2008.

What is the rent for unit 408?

AED 113,861 a year on the contract renewed on 1 April 2015. The previous contract, from April 2014, was AED 115,000.

How big is unit 408?

929 sqft (86.3 sqm): a one-bedroom apartment on the 4th floor of a 41-storey tower completed in 2007.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Rimal 3 sold for AED 764,000 to 1,500,000 in the last 12 months, around AED 1,614 per sqft.

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Mortgage on 408, Rimal 3

Starts from the last sale price (AED 1.3M, 17 November 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,295,000
Deposit, UAE resident (20%)
AED 259,000
Deposit, non-resident (40%)
AED 518,000
Monthly over 25 years at 3.7%
AED 5,298

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