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2-bed · 2,134 sqftRimal 3, Jumeirah Beach Residence · Ground floor · completed 2007

L04, Rimal 3

Sold prices and rental history: sold 3 times, last in October 2013, and rented once, from February 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L04 · DLD and Ejari recordsUpdated 2 October 2013
Last soldAED 3.58M2 October 2013
Current rentAED 165K /yr13 February 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L04, Rimal 3

What is L04 worth today?

Last sold for AED 3,575,000 in 2013

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2 Oct 2013SoldReady
AED 3,575,000AED 1,674 per sqft
13 Feb 2012RentedNew contract
AED 165,000/yr12 months · AED 77 per sqft
31 May 2009SoldReady
AED 3,000,000AED 1,405 per sqft
26 Jun 2008Sold by developerReady
AED 1,575,000AED 737 per sqft

Source: Dubai Land Department. Updated 2 October 2013.

Key facts

Type
2-bed apartment
Size
2,134 sqft
Floor
Ground of 41
Parking
G276
Developer
Dubai Properties
Completed
2007
Service charge
AED 38,300 /yr
Last sold
AED 3.58M · October 2013
Building
Rimal 3

About L04, Rimal 3

L04 is a two-bedroom apartment of 2,134 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 October 2013 for AED 3,575,000, or AED 1,674 per sqft, 20% above the AED 1,395 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 13 February 2012. The current contract, signed on 13 February 2012, is AED 165,000 a year: a gross yield of 4.6% on the 2013 price, before the service charge of about AED 38,300 a year.

Sales and rents for L04 over time

Sales
Unit L04, each saleTypical two-bed in Rimal 3
2M4M20072012201720222027Typical 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, June 2008: AED 1,575,000 (AED 737 per sqft)Sold, May 2009: AED 3,000,000 (AED 1,405 per sqft)Sold, October 2013: AED 3,575,000 (AED 1,674 per sqft)

L04 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit L04, 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, February 2012: AED 165,000 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 L04 sits

All 85 2-beds →

L04 last sold in October 2013 at AED 1,674 per sqft, 20% above what two-beds in Rimal 3 were fetching at the time (AED 1,395). 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. L04's AED 165,000 is in the upper 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
L022-bedAED 4.7M · Apr 2024
L032-bedAED 3.15M · Aug 2009

L04, Rimal 3 in numbers

  • Sold 3 times: first on 26 June 2008 for AED 1,575,000, last on 2 October 2013 for AED 3,575,000 (AED 1,674 per sqft).
  • Rented since February 2012 on one Ejari contract, at AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2013 price is 4.6%, before a service charge of about AED 38,300 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 October 2013.

Questions about L04, Rimal 3

What did unit L04 last sell for?

AED 3,575,000 on 2 October 2013: AED 1,674 per sqft for 2,134 sqft. The unit has 3 registered sales; the first was AED 1,575,000 in June 2008.

What is the rent for unit L04?

AED 165,000 a year on the contract signed on 13 February 2012.

How big is unit L04?

2,134 sqft (198.3 sqm): a two-bedroom apartment on the ground floor of a 41-storey tower completed in 2007.

What is unit L04 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 L04, Rimal 3

Starts from the last sale price (AED 3.58M, 2 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,575,000
Deposit, UAE resident (20%)
AED 715,000
Deposit, non-resident (40%)
AED 1,430,000
Monthly over 25 years at 3.7%
AED 14,626

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