704, Rimal 3
Sold prices and rental history: sold once, by the developer in January 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Rimal 3
What is 704 worth today?
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Source: Dubai Land Department. Updated 29 July 2022.
Key facts
- Type
- Studio apartment
- Size
- 757 sqft
- Floor
- 7th of 41
- Parking
- B444
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 13,600 /yr
- Last sold
- AED 710K · January 2008
- Building
- Rimal 3
About 704, Rimal 3
704 is a studio of 757 sqft on the 7th floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 2 January 2008 for AED 709,500, or AED 937 per sqft, 184% above the AED 330 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 29 July 2022, is AED 52,800 a year: a gross yield of 7.4% on the 2008 price, before the service charge of about AED 13,600 a year.
Sales and rents for 704 over time
704 has sold once; 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 704 sits
All 22 studios →704 last sold in January 2008 at AED 937 per sqft, 184% above what studios in Rimal 3 were fetching at the time (AED 330). 704's AED 52,800 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 7th floor
All 222 units in Rimal 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,948 sqft | AED 925KAED 925,000 · Jun 2019June 2019 | ||
| 702 | 3-bed | 1,948 sqft | AED 3.05MAED 3,050,000 · Jun 2017June 2017 | 195,000 /yr | |
| 703 | 1-bed | 929 sqft | AED 380KAED 380,000 · Oct 2009October 2009 | 50,000 /yr | |
| 705 | 1-bed | 1,158 sqft | AED 920KAED 920,000 · Aug 2010August 2010 | ||
| 706 | 1-bed | 1,158 sqft | AED 449KAED 449,000 · Oct 2007October 2007 | 102,850 /yr | |
| 707 | Studio | 757 sqft | AED 1.28MAED 1,280,000 · May 2013May 2013 | 72,000 /yr | |
| 708 | 1-bed | 929 sqft | AED 449KAED 449,000 · Feb 2010February 2010 | 90,000 /yr |
704, Rimal 3 in numbers
- Sold once: by Dubai Properties on 2 January 2008 for AED 709,500, or AED 937 per sqft.
- Rented since October 2015 on 7 Ejari contracts, from AED 66,550 to AED 52,800 a year.
- At AED 52,800 a year the gross yield on the 2008 price is 7.4%, before a service charge of about AED 13,600 a year (AED 17.94 per sqft).
Source: Dubai Land Department. Updated 29 July 2022.
Questions about 704, Rimal 3
What did unit 704 last sell for?
AED 709,500 on 2 January 2008, sold by the developer: AED 937 per sqft for 757 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 52,800 a year on the contract renewed on 29 July 2022. The previous contract, from July 2021, was AED 48,000; the unit has been rented since October 2015.
How big is unit 704?
757 sqft (70.3 sqm): a studio on the 7th floor of a 41-storey tower completed in 2007.
What is unit 704 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 704, Rimal 3
Starts from the last sale price (AED 710K, 2 January 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 709,500
- Deposit, UAE resident (20%)
- AED 141,900
- Deposit, non-resident (40%)
- AED 283,800
- Monthly over 25 years at 3.7%
- AED 2,903
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →