507, Rimal 3
Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Rimal 3
What is 507 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 30 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 757 sqft
- Floor
- 5th of 41
- Parking
- B447
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.05M · November 2022
- Building
- Rimal 3
About 507, Rimal 3
507 is a studio of 757 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 8 November 2022 for AED 1,050,000, or AED 1,387 per sqft, in line with the AED 1,387 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 30 May 2024, is AED 40,000 a year: a gross yield of 3.8% on the 2022 price, before the service charge of about AED 13,600 a year.
Sales and rents for 507 over time
507 has sold 3 times; 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 507 sits
All 22 studios →507 last sold in November 2022 at AED 1,387 per sqft, in line with what studios in Rimal 3 were fetching at the time (AED 1,387). 507's AED 40,000 is at the bottom 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 5th floor
All 222 units in Rimal 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 1,948 sqft | AED 2.8MAED 2,800,000 · Dec 2013December 2013 | 205,000 /yr | |
| 502 | 3-bed | 1,948 sqft | AED 699KAED 699,000 · May 2012May 2012 | ||
| 503 | 1-bed | 929 sqft | AED 380KAED 380,000 · Dec 2007December 2007 | 110,000 /yr | |
| 504 | Studio | 757 sqft | AED 1.03MAED 1,025,000 · May 2022May 2022 | 80,000 /yr | |
| 505 | 1-bed | 1,158 sqft | AED 1.2MAED 1,200,000 · Aug 2018August 2018 | 90,841 /yr | |
| 506 | 1-bed | 1,158 sqft | AED 950KAED 950,000 · Jul 2020July 2020 | 85,000 /yr | |
| 508 | 1-bed | 929 sqft | AED 1.35MAED 1,350,000 · Nov 2022November 2022 | 40,000 /yr |
507, Rimal 3 in numbers
- Sold 3 times: first on 17 February 2008 for AED 930,000, last on 8 November 2022 for AED 1,050,000 (AED 1,387 per sqft).
- Rented since December 2013 on 10 Ejari contracts, from AED 68,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2022 price is 3.8%, before a service charge of about AED 13,600 a year (AED 17.94 per sqft).
Source: Dubai Land Department. Updated 30 May 2024.
Questions about 507, Rimal 3
What did unit 507 last sell for?
AED 1,050,000 on 8 November 2022: AED 1,387 per sqft for 757 sqft. The unit has 3 registered sales; the first was AED 930,000 in February 2008.
What is the rent for unit 507?
AED 40,000 a year on the contract signed on 30 May 2024. The previous contract, from December 2021, was AED 53,800; the unit has been rented since December 2013.
How big is unit 507?
757 sqft (70.3 sqm): a studio on the 5th floor of a 41-storey tower completed in 2007.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 507? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 507, Rimal 3
Starts from the last sale price (AED 1.05M, 8 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →