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2-bed · 1,392 sqftRimal 4, Jumeirah Beach Residence · 15th floor · completed 2007

1506, Rimal 4

Sold prices and rental history: sold 4 times, last in November 2024, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 14 November 2024
Last soldAED 2.35M14 November 2024
Current rentAED 95K /yr12 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1506, Rimal 4

What is 1506 worth today?

Last sold for AED 2,350,000 in 2024

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14 Nov 2024SoldReady
AED 2,350,000AED 1,688 per sqft
12 Nov 2019RentedNew contract
AED 95,000/yr12 months · AED 68 per sqft
12 Nov 2018RentedRenewal
AED 112,000/yr12 months · AED 81 per sqft
12 Nov 2017RentedNew contract
AED 112,000/yr12 months · AED 81 per sqft
1 Jun 2016SoldReady
AED 1,689,000AED 1,213 per sqft
15 Jan 2009SoldReady
AED 2,500,000AED 1,796 per sqft
2 Jan 2008Sold by developerReady
AED 550,000AED 395 per sqft

Source: Dubai Land Department. Updated 14 November 2024.

Key facts

Type
2-bed apartment
Size
1,392 sqft
Floor
15th of 37
Parking
B398
Developer
Dubai Properties
Completed
2007
Service charge
AED 23,900 /yr
Last sold
AED 2.35M · November 2024
Building
Rimal 4

About 1506, Rimal 4

1506 is a two-bedroom apartment of 1,392 sqft on the 15th floor of Rimal 4, a 37-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 14 November 2024 for AED 2,350,000, or AED 1,688 per sqft, 9% above the AED 1,542 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 12 November 2019, is AED 95,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 23,900 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical two-bed in Rimal 4
1M2M3M20072012201720222027Typical sale price by year: 2007 AED 599,000; 2008 AED 599,000; 2009 AED 1,228,350; 2010 AED 1,550,000; 2011 AED 1,250,000; 2012 AED 1,300,000; 2013 AED 1,700,000; 2014 AED 2,700,000; 2015 AED 1,953,506; 2016 AED 1,677,250; 2018 AED 2,000,000; 2019 AED 1,441,250; 2020 AED 1,505,000; 2021 AED 1,275,000; 2022 AED 2,050,000; 2024 AED 2,100,000; 2025 AED 2,550,000; 2026 AED 2,300,000Sold by developer, January 2008: AED 550,000 (AED 395 per sqft)Sold, January 2009: AED 2,500,000 (AED 1,796 per sqft)Sold, June 2016: AED 1,689,000 (AED 1,213 per sqft)Sold, November 2024: AED 2,350,000 (AED 1,688 per sqft)

1506 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1506, each contractTypical two-bed in Rimal 4
100K125K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 112,404; 2014 AED 130,100; 2015 AED 140,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 120,000; 2019 AED 109,685; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 95,900; 2023 AED 110,000; 2024 AED 123,014; 2025 AED 129,000; 2026 AED 130,000New contract, November 2017: AED 112,000 a yearRenewal, November 2018: AED 112,000 a yearNew contract, November 2019: AED 95,000 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 4, and where 1506 sits

All 89 2-beds →

1506 last sold in November 2024 at AED 1,688 per sqft, 9% above what two-beds in Rimal 4 were fetching at the time (AED 1,542). Over the last 12 months two-beds sold for AED 2,000,000 to 2,650,000, around AED 1,759 per sqft, and rent for AED 100,000 to 290,000 a year. 1506's AED 95,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Aug 20262,100,000
17 Apr 20262,000,000
26 Mar 20262,650,000
16 Jan 20262,500,000
4 2-bed sales in the last 12 months

Rimal 4

Building

243 apartments, studios to 4-bed over 37 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 8 sold in the last 12 months.

Typical price per sqft
AED 1,628
Typical sale
AED 2.25M
Typical rent
AED 130K /yr
Typical yield
5.7%
Rimal 4, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 15th floor

All 243 units in Rimal 4
Value
15013-bedAED 2M · Jan 2014
15023-bedAED 645K · Jan 2008
15032-bedAED 599K · Jan 2016
15042-bedAED 1.8M · Jun 2019
15052-bedAED 1.32M · Jul 2019
15073-bedAED 3.66M · Oct 2013
15083-bedAED 699K · Jan 2009

1506, Rimal 4 in numbers

  • Sold 4 times: first on 2 January 2008 for AED 550,000, last on 14 November 2024 for AED 2,350,000 (AED 1,688 per sqft).
  • Rented since November 2017 on 3 Ejari contracts, from AED 112,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 23,900 a year (AED 17.18 per sqft).
  • Two-beds in Rimal 4 sold for AED 2,000,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,628 per sqft.

Source: Dubai Land Department. Updated 14 November 2024.

Questions about 1506, Rimal 4

What did unit 1506 last sell for?

AED 2,350,000 on 14 November 2024: AED 1,688 per sqft for 1,392 sqft. The unit has 4 registered sales; the first was AED 550,000 in January 2008.

What is the rent for unit 1506?

AED 95,000 a year on the contract signed on 12 November 2019. The previous contract, from November 2018, was AED 112,000; the unit has been rented since November 2017.

How big is unit 1506?

1,392 sqft (129.3 sqm): a two-bedroom apartment on the 15th floor of a 37-storey tower completed in 2007.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 4 sold for AED 2,000,000 to 2,650,000 in the last 12 months, around AED 1,759 per sqft.

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Mortgage on 1506, Rimal 4

Starts from the last sale price (AED 2.35M, 14 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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