3-bed · 1,923 sqftRimal 5, Jumeirah Beach Residence · 10th floor · completed 2007

1001, Rimal 5

Sold prices and rental history: sold 4 times, last in March 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 1 March 2017
Last soldAED 1.35M1 March 2017
Current rentAED 150K /yr25 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, Rimal 5

What is 1001 worth today?

Last sold for AED 1,350,000 in 2017

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1 Mar 2017SoldReady
AED 1,350,000AED 701 per sqft
25 Oct 2015RentedRenewal
AED 150,000/yr12 months · AED 78 per sqft
25 Oct 2014RentedNew contract
AED 150,000/yr12 months · AED 78 per sqft
25 Oct 2013RentedNew contract
AED 140,000/yr12 months · AED 73 per sqft
25 Oct 2012RentedNew contract
AED 140,000/yr12 months · AED 73 per sqft
21 Jan 2008SoldReady
AED 2,706,800AED 1,407 per sqft
21 Nov 2007SoldReady
AED 2,100,000AED 1,091 per sqft
5 Nov 2007Sold by developerReady
AED 699,000AED 363 per sqft

Source: Dubai Land Department. Updated 1 March 2017.

Key facts

Type
3-bed apartment
Size
1,923 sqft
Floor
10th of 40
Parking
M161-2
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 1.35M · March 2017
Building
Rimal 5

About 1001, Rimal 5

1001 is a three-bedroom apartment of 1,923 sqft on the 10th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 March 2017 for AED 1,350,000, or AED 701 per sqft, 43% below the AED 1,220 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 25 October 2015, is AED 150,000 a year: a gross yield of 11.1% on the 2017 price, before the service charge of about AED 30,700 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical three-bed in Rimal 5
2M4M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,300,000; 2010 AED 2,000,000; 2011 AED 1,500,000; 2012 AED 1,800,000; 2013 AED 1,075,000; 2014 AED 1,679,500; 2015 AED 2,500,000; 2016 AED 2,700,000; 2017 AED 2,175,000; 2018 AED 2,800,000; 2019 AED 1,825,000; 2020 AED 1,520,000; 2021 AED 3,300,000; 2022 AED 2,525,000; 2023 AED 2,950,000; 2024 AED 3,240,000; 2025 AED 4,575,000Sold, November 2007: AED 2,100,000 (AED 1,091 per sqft)Sold by developer, November 2007: AED 699,000 (AED 363 per sqft)Sold, January 2008: AED 2,706,800 (AED 1,407 per sqft)Sold, March 2017: AED 1,350,000 (AED 701 per sqft)

1001 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1001, each contractTypical three-bed in Rimal 5
150K200K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 155,000; 2014 AED 175,000; 2015 AED 175,500; 2016 AED 178,200; 2017 AED 175,000; 2018 AED 166,000; 2019 AED 150,000; 2020 AED 130,000; 2021 AED 126,000; 2022 AED 138,250; 2023 AED 160,650; 2024 AED 185,000; 2025 AED 192,000; 2026 AED 183,750New contract, October 2012: AED 140,000 a yearNew contract, October 2013: AED 140,000 a yearNew contract, October 2014: AED 150,000 a yearRenewal, October 2015: AED 150,000 a year

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

3-beds in Rimal 5, and where 1001 sits

All 148 3-beds →

1001 last sold in March 2017 at AED 701 per sqft, 43% below what three-beds in Rimal 5 were fetching at the time (AED 1,220). Over the last 12 months three-beds sold for AED 4,900,000 to 5,050,000, around AED 2,557 per sqft, and rent for AED 80,000 to 300,000 a year. 1001's AED 150,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Feb 20264,950,000
22 Dec 20254,900,000
19 Dec 20255,000,000
15 Dec 20255,050,000
4 3-bed sales in the last 12 months

Rimal 5

Building

198 apartments, 2-bed to 4-bed over 40 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 8 sold in the last 12 months.

Typical price per sqft
AED 1,949
Typical sale
AED 4.94M
Typical rent
AED 190K /yr
Typical yield
4.6%
Rimal 5, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 198 units in Rimal 5
Value
10023-bedAED 1.22M · Oct 2007
10034-bedAED 949K · Nov 2007
10044-bedAED 4.93M · Feb 2026
10053-bedAED 699K · Sep 2007
10063-bedAED 699K · Mar 2009

1001, Rimal 5 in numbers

  • Sold 4 times: first on 5 November 2007 for AED 699,000, last on 1 March 2017 for AED 1,350,000 (AED 701 per sqft).
  • Rented since October 2012 on 4 Ejari contracts, from AED 140,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2017 price is 11.1%, before a service charge of about AED 30,700 a year (AED 15.95 per sqft).
  • Three-beds in Rimal 5 sold for AED 4,900,000–5,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,949 per sqft.

Source: Dubai Land Department. Updated 1 March 2017.

Questions about 1001, Rimal 5

What did unit 1001 last sell for?

AED 1,350,000 on 1 March 2017: AED 701 per sqft for 1,923 sqft. The unit has 4 registered sales; the first was AED 699,000 in November 2007.

What is the rent for unit 1001?

AED 150,000 a year on the contract renewed on 25 October 2015. The previous contract, from October 2014, was AED 150,000; the unit has been rented since October 2012.

How big is unit 1001?

1,923 sqft (178.7 sqm): a three-bedroom apartment on the 10th floor of a 40-storey tower completed in 2007.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rimal 5 sold for AED 4,900,000 to 5,050,000 in the last 12 months, around AED 2,557 per sqft.

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Mortgage on 1001, Rimal 5

Starts from the last sale price (AED 1.35M, 1 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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