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1-bed · 1,158 sqftRimal 3, Jumeirah Beach Residence · 5th floor · completed 2007

506, Rimal 3

Sold prices and rental history: sold 4 times, last in July 2020, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 1 July 2020
Last soldAED 950K1 July 2020
Current rentAED 85K /yr15 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Rimal 3

What is 506 worth today?

Last sold for AED 950,000 in 2020

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1 Jul 2020SoldReady
AED 950,000AED 820 per sqft
15 Nov 2018RentedNew contract
AED 85,000/yr12 months · AED 73 per sqft
1 Mar 2017RentedNew contract
AED 97,000/yr12 months · AED 83 per sqft
1 Mar 2014RentedRenewal
AED 32,333/yr36 months · AED 28 per sqft
26 Jun 2008SoldReady
AED 2,369,000AED 2,046 per sqft
25 Oct 2007SoldReady
AED 1,700,000AED 1,468 per sqft
16 Oct 2007Sold by developerReady
AED 449,000AED 387 per sqft

Source: Dubai Land Department. Updated 1 July 2020.

Key facts

Type
1-bed apartment
Size
1,158 sqft
Floor
5th of 41
Parking
B506
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,800 /yr
Last sold
AED 950K · July 2020
Building
Rimal 3

About 506, Rimal 3

506 is a one-bedroom apartment of 1,158 sqft on the 5th floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 July 2020 for AED 950,000, or AED 820 per sqft.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 15 November 2018, is AED 85,000 a year: a gross yield of 8.9% on the 2020 price, before the service charge of about AED 20,800 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical one-bed in Rimal 3
1M2M20072012201720222027Typical 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, October 2007: AED 1,700,000 (AED 1,468 per sqft)Sold by developer, October 2007: AED 449,000 (AED 387 per sqft)Sold, June 2008: AED 2,369,000 (AED 2,046 per sqft)Sold, July 2020: AED 950,000 (AED 820 per sqft)

506 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 506, 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 90,000Renewal, March 2014: AED 32,333 a yearNew contract, March 2017: AED 97,000 a yearNew contract, November 2018: AED 85,000 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 506 sits

All 46 1-beds →

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. 506's AED 85,000 is in the lower 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 5th floor

All 222 units in Rimal 3
Value
5013-bedAED 2.8M · Dec 2013
5023-bedAED 699K · May 2012
5031-bedAED 380K · Dec 2007
504StudioAED 1.03M · May 2022
5051-bedAED 1.2M · Aug 2018
507StudioAED 1.05M · Nov 2022
5081-bedAED 1.35M · Nov 2022

506, Rimal 3 in numbers

  • Sold 4 times: first on 16 October 2007 for AED 449,000, last on 1 July 2020 for AED 950,000 (AED 820 per sqft).
  • Rented since March 2014 on 3 Ejari contracts, from AED 32,333 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2020 price is 8.9%, before a service charge of about AED 20,800 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 July 2020.

Questions about 506, Rimal 3

What did unit 506 last sell for?

AED 950,000 on 1 July 2020: AED 820 per sqft for 1,158 sqft. The unit has 4 registered sales; the first was AED 449,000 in October 2007.

What is the rent for unit 506?

AED 85,000 a year on the contract signed on 15 November 2018. The previous contract, from March 2017, was AED 97,000; the unit has been rented since March 2014.

How big is unit 506?

1,158 sqft (107.6 sqm): a one-bedroom apartment on the 5th floor of a 41-storey tower completed in 2007.

What is unit 506 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 506, Rimal 3

Starts from the last sale price (AED 950K, 1 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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