3-bed · 1,948 sqftRimal 3, Jumeirah Beach Residence · 7th floor · completed 2007

701, Rimal 3

Sold prices and rental history: sold 3 times, last in June 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 19 June 2019
Last soldAED 925K19 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Rimal 3

What is 701 worth today?

Last sold for AED 925,000 in 2019

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19 Jun 2019SoldReady
AED 925,000AED 474 per sqft
11 Sep 2007SoldReady
AED 2,300,000AED 1,180 per sqft
29 Jul 2007Sold by developerReady
AED 590,000AED 302 per sqft

Source: Dubai Land Department. Updated 19 June 2019.

Key facts

Type
3-bed apartment
Size
1,948 sqft
Floor
7th of 41
Parking
B515-6
Developer
Dubai Properties
Completed
2007
Service charge
AED 34,900 /yr
Last sold
AED 925K · June 2019
Building
Rimal 3

About 701, Rimal 3

701 is a three-bedroom apartment of 1,948 sqft on the 7th floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 19 June 2019 for AED 925,000, or AED 474 per sqft, 58% below the AED 1,124 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical three-bed in Rimal 3
2M4M2007201220172022Typical sale price by year: 2007 AED 666,800; 2008 AED 699,000; 2009 AED 645,000; 2010 AED 699,000; 2011 AED 2,541,000; 2012 AED 699,000; 2013 AED 1,688,250; 2014 AED 3,250,000; 2016 AED 1,375,000; 2017 AED 2,225,000; 2019 AED 2,550,000; 2021 AED 2,692,750; 2022 AED 2,055,500; 2023 AED 2,500,000; 2025 AED 3,600,000Sold by developer, July 2007: AED 590,000 (AED 302 per sqft)Sold, September 2007: AED 2,300,000 (AED 1,180 per sqft)Sold, June 2019: AED 925,000 (AED 474 per sqft)

701 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 701, each contractTypical three-bed in Rimal 3
150K2012201620202024Typical rent by year: 2012 AED 147,000; 2013 AED 160,000; 2014 AED 176,500; 2015 AED 180,000; 2016 AED 178,013; 2017 AED 177,000; 2018 AED 160,000; 2019 AED 140,000; 2020 AED 125,000; 2021 AED 125,000; 2022 AED 132,825; 2023 AED 147,000; 2024 AED 180,000; 2025 AED 185,000; 2026 AED 184,000

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

3-beds in Rimal 3, and where 701 sits

All 63 3-beds →

701 last sold in June 2019 at AED 474 per sqft, 58% below what three-beds in Rimal 3 were fetching at the time (AED 1,124).

Recent 3-bed salesUnit no.Price (AED)Summary
9 Apr 20253,600,000
26 Feb 20254,250,000
7 Jan 202519,000
18 Sep 20242,968,000
0 3-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 7th floor

All 222 units in Rimal 3
Value
7023-bedAED 3.05M · Jun 2017
7031-bedAED 380K · Oct 2009
704StudioAED 710K · Jan 2008
7051-bedAED 920K · Aug 2010
7061-bedAED 449K · Oct 2007
707StudioAED 1.28M · May 2013
7081-bedAED 449K · Feb 2010

701, Rimal 3 in numbers

  • Sold 3 times: first on 29 July 2007 for AED 590,000, last on 19 June 2019 for AED 925,000 (AED 474 per sqft).

Source: Dubai Land Department. Updated 19 June 2019.

Questions about 701, Rimal 3

What did unit 701 last sell for?

AED 925,000 on 19 June 2019: AED 474 per sqft for 1,948 sqft. The unit has 3 registered sales; the first was AED 590,000 in July 2007.

How big is unit 701?

1,948 sqft (181.0 sqm): a three-bedroom apartment on the 7th floor of a 41-storey tower completed in 2007.

What is unit 701 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 701, Rimal 3

Starts from the last sale price (AED 925K, 19 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 925,000
Deposit, UAE resident (20%)
AED 185,000
Deposit, non-resident (40%)
AED 370,000
Monthly over 25 years at 3.7%
AED 3,784

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