2-bed · 1,392 sqftRimal 4, Jumeirah Beach Residence · 16th floor · completed 2007

1603, Rimal 4

Sold prices and rental history: sold 4 times, last in November 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 12 November 2024
Last soldAED 2.2M12 November 2024
Current rentAED 121K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Rimal 4

What is 1603 worth today?

Last sold for AED 2,200,000 in 2024

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12 Nov 2024SoldReady
AED 2,200,000AED 1,580 per sqft
1 Oct 2024RentedRenewal
AED 121,027/yr8 months · AED 87 per sqft
1 Oct 2023RentedRenewal
AED 115,500/yr12 months · AED 83 per sqft
1 Oct 2022RentedRenewal
AED 110,000/yr12 months · AED 79 per sqft
1 Oct 2021RentedNew contract
AED 110,000/yr12 months · AED 79 per sqft
14 Sep 2020RentedRenewal
AED 90,000/yr12 months · AED 65 per sqft
14 Sep 2019RentedNew contract
AED 110,000/yr12 months · AED 79 per sqft
14 Sep 2018RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 12 November 2024.

Key facts

Type
2-bed apartment
Size
1,392 sqft
Floor
16th of 37
Parking
M368
Developer
Dubai Properties
Completed
2007
Service charge
AED 23,900 /yr
Last sold
AED 2.2M · November 2024
Building
Rimal 4

About 1603, Rimal 4

1603 is a two-bedroom apartment of 1,392 sqft on the 16th floor of Rimal 4, a 37-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 12 November 2024 for AED 2,200,000, or AED 1,580 per sqft, in line with the AED 1,535 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 121,027 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 23,900 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, 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, November 2007: AED 599,000 (AED 430 per sqft)Sold, April 2010: AED 1,750,000 (AED 1,257 per sqft)Sold, November 2012: AED 1,200,000 (AED 862 per sqft)Sold, November 2024: AED 2,200,000 (AED 1,580 per sqft)

1603 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, 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, September 2014: AED 120,000 a yearNew contract, September 2016: AED 126,000 a yearRenewal, September 2017: AED 120,000 a yearNew contract, September 2017: AED 120,000 a yearRenewal, September 2018: AED 120,000 a yearNew contract, September 2019: AED 110,000 a yearRenewal, September 2020: AED 90,000 a yearNew contract, October 2021: AED 110,000 a yearRenewal, October 2022: AED 110,000 a yearRenewal, October 2023: AED 115,500 a yearRenewal, October 2024: AED 121,027 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 1603 sits

All 89 2-beds →

1603 last sold in November 2024 at AED 1,580 per sqft, in line with what two-beds in Rimal 4 were fetching at the time (AED 1,535). 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. 1603's AED 121,027 is in the lower half 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 16th floor

All 243 units in Rimal 4
Value
16013-bedAED 3.13M · Oct 2026
16023-bedAED 2.73M · Jun 2024
16042-bedAED 3.07M · May 2014
16052-bedAED 1.25M · Oct 2020
16062-bedAED 550K · Dec 2012
16073-bedAED 699K · Nov 2020
16083-bedAED 699K · Jan 2008

1603, Rimal 4 in numbers

  • Sold 4 times: first on 15 November 2007 for AED 599,000, last on 12 November 2024 for AED 2,200,000 (AED 1,580 per sqft).
  • Rented since September 2014 on 11 Ejari contracts. The rent fell from AED 120,000 to AED 90,000 in 2020 and recovered to AED 121,027 by October 2024.
  • At AED 121,027 a year the gross yield on the 2024 price is 5.5%, 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 12 November 2024.

Questions about 1603, Rimal 4

What did unit 1603 last sell for?

AED 2,200,000 on 12 November 2024: AED 1,580 per sqft for 1,392 sqft. The unit has 4 registered sales; the first was AED 599,000 in November 2007.

What is the rent for unit 1603?

AED 121,027 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 115,500; the unit has been rented since September 2014.

How big is unit 1603?

1,392 sqft (129.3 sqm): a two-bedroom apartment on the 16th floor of a 37-storey tower completed in 2007.

What is unit 1603 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 1603, Rimal 4

Starts from the last sale price (AED 2.2M, 12 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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