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2-bed · 2,206 sqftRimal 3, Jumeirah Beach Residence · Ground floor · completed 2007

L02, Rimal 3

Sold prices and rental history: sold 4 times, last in April 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L02 · DLD and Ejari recordsUpdated 2 April 2024
Last soldAED 4.7M2 April 2024
Current rentAED 100K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L02, Rimal 3

What is L02 worth today?

Last sold for AED 4,700,000 in 2024

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2 Apr 2024SoldReady
AED 4,700,000AED 2,130 per sqft
1 Nov 2023RentedNew contract
AED 100,000/yr12 months · AED 45 per sqft
16 Feb 2021SoldReady
AED 2,140,000AED 969 per sqft
24 Sep 2019RentedNew contract
AED 160,000/yr12 months · AED 73 per sqft
24 Sep 2018RentedNew contract
AED 180,000/yr12 months · AED 82 per sqft
19 Nov 2012RentedNew contract
AED 100,000/yr12 months · AED 45 per sqft
4 Apr 2012SoldReady
AED 3,655,500AED 1,656 per sqft
23 Jan 2008Sold by developerReady
AED 2,615,160AED 1,185 per sqft

Source: Dubai Land Department. Updated 2 April 2024.

Key facts

Type
2-bed apartment
Size
2,206 sqft
Floor
Ground of 41
Parking
G277
Developer
Dubai Properties
Completed
2007
Service charge
AED 39,600 /yr
Last sold
AED 4.7M · April 2024
Building
Rimal 3

About L02, Rimal 3

L02 is a two-bedroom apartment of 2,206 sqft on the ground floor of Rimal 3, a 41-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 2 April 2024 for AED 4,700,000, or AED 2,130 per sqft, 19% above the AED 1,786 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 1 November 2023, is AED 100,000 a year: a gross yield of 2.1% on the 2024 price, before the service charge of about AED 39,600 a year.

Sales and rents for L02 over time

Sales
Unit L02, each saleTypical two-bed in Rimal 3
02M4M20072012201720222027Typical sale price by year: 2007 AED 599,000; 2008 AED 756,250; 2009 AED 1,400,000; 2010 AED 1,150,000; 2011 AED 1,325,000; 2012 AED 975,000; 2013 AED 1,735,000; 2014 AED 2,600,000; 2015 AED 1,637,500; 2016 AED 2,050,000; 2018 AED 1,930,000; 2020 AED 1,600,000; 2021 AED 1,350,000; 2022 AED 1,737,500; 2023 AED 2,300,000; 2024 AED 2,100,000; 2025 AED 2,162,276; 2026 AED 2,200,000Sold by developer, January 2008: AED 2,615,160 (AED 1,185 per sqft)Sold, April 2012: AED 3,655,500 (AED 1,656 per sqft)Sold, February 2021: AED 2,140,000 (AED 969 per sqft)Sold, April 2024: AED 4,700,000 (AED 2,130 per sqft)

L02 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit L02, each contractTypical two-bed in Rimal 3
100K150K20112015201920232027Typical rent by year: 2011 AED 90,000; 2012 AED 95,000; 2013 AED 104,859; 2014 AED 126,000; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 119,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 80,200; 2022 AED 94,500; 2023 AED 101,750; 2024 AED 120,000; 2025 AED 133,500; 2026 AED 130,000New contract, November 2012: AED 100,000 a yearNew contract, September 2018: AED 180,000 a yearNew contract, September 2019: AED 160,000 a yearNew contract, November 2023: AED 100,000 a year

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

2-beds in Rimal 3, and where L02 sits

All 85 2-beds →

L02 last sold in April 2024 at AED 2,130 per sqft, 19% above what two-beds in Rimal 3 were fetching at the time (AED 1,786). Over the last 12 months two-beds sold for AED 1,775,000 to 2,750,000, around AED 1,558 per sqft, and rent for AED 62,150 to 189,000 a year. L02's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Nov 20261,775,000
5 Oct 20262,750,000
9 Jun 20262,250,000
18 Mar 20262,150,000
5 2-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 ground floor

All 222 units in Rimal 3
Value
L012-bedAED 2.95M · May 2018
L032-bedAED 3.15M · Aug 2009
L042-bedAED 3.58M · Oct 2013

L02, Rimal 3 in numbers

  • Sold 4 times: first on 23 January 2008 for AED 2,615,160, last on 2 April 2024 for AED 4,700,000 (AED 2,130 per sqft).
  • Rented since November 2012 on 4 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 2.1%, before a service charge of about AED 39,600 a year (AED 17.94 per sqft).
  • Two-beds in Rimal 3 sold for AED 1,775,000–2,750,000 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 2 April 2024.

Questions about L02, Rimal 3

What did unit L02 last sell for?

AED 4,700,000 on 2 April 2024: AED 2,130 per sqft for 2,206 sqft. The unit has 4 registered sales; the first was AED 2,615,160 in January 2008.

What is the rent for unit L02?

AED 100,000 a year on the contract signed on 1 November 2023. The previous contract, from September 2019, was AED 160,000; the unit has been rented since November 2012.

How big is unit L02?

2,206 sqft (204.9 sqm): a two-bedroom apartment on the ground floor of a 41-storey tower completed in 2007.

What is unit L02 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 3 sold for AED 1,775,000 to 2,750,000 in the last 12 months, around AED 1,558 per sqft.

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Mortgage on L02, Rimal 3

Starts from the last sale price (AED 4.7M, 2 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,700,000
Deposit, UAE resident (20%)
AED 940,000
Deposit, non-resident (40%)
AED 1,880,000
Monthly over 25 years at 3.7%
AED 19,229

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