3-bed · 1,925 sqftRimal 5, Jumeirah Beach Residence · 15th floor · completed 2007

1502, Rimal 5

Sold prices and rental history: sold twice, last in February 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 4 February 2019
Last soldAED 1.75M4 February 2019
Current rentAED 144K /yr7 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1502, Rimal 5

What is 1502 worth today?

Last sold for AED 1,750,000 in 2019

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4 Feb 2019SoldReady
AED 1,750,000AED 908 per sqft
7 Jul 2018RentedRenewal
AED 144,000/yr12 months · AED 75 per sqft
7 Jul 2017RentedRenewal
AED 144,000/yr12 months · AED 75 per sqft
7 Jul 2016RentedRenewal
AED 144,000/yr12 months · AED 75 per sqft
7 Jul 2015RentedNew contract
AED 144,000/yr12 months · AED 75 per sqft
7 Jul 2014RentedNew contract
AED 144,000/yr12 months · AED 75 per sqft
25 May 2008Sold by developerReady
AED 699,000AED 363 per sqft

Source: Dubai Land Department. Updated 4 February 2019.

Key facts

Type
3-bed apartment
Size
1,925 sqft
Floor
15th of 40
Parking
B261-2
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 1.75M · February 2019
Building
Rimal 5

About 1502, Rimal 5

1502 is a three-bedroom apartment of 1,925 sqft on the 15th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 4 February 2019 for AED 1,750,000, or AED 908 per sqft, 22% below the AED 1,161 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 7 July 2018, is AED 144,000 a year: a gross yield of 8.2% on the 2019 price, before the service charge of about AED 30,700 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, 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 by developer, May 2008: AED 699,000 (AED 363 per sqft)Sold, February 2019: AED 1,750,000 (AED 908 per sqft)

1502 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1502, 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, July 2014: AED 144,000 a yearNew contract, July 2015: AED 144,000 a yearRenewal, July 2016: AED 144,000 a yearRenewal, July 2017: AED 144,000 a yearRenewal, July 2018: AED 144,000 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 1502 sits

All 148 3-beds →

1502 last sold in February 2019 at AED 908 per sqft, 22% below what three-beds in Rimal 5 were fetching at the time (AED 1,161). 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. 1502's AED 144,000 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 15th floor

All 198 units in Rimal 5
Value
15013-bedAED 2.63M · Jun 2017
15034-bedAED 4.8M · Jun 2008
15044-bedAED 949K · Mar 2010
15053-bedAED 3.75M · Aug 2024
15063-bedAED 699K · Nov 2012

1502, Rimal 5 in numbers

  • Sold twice: first on 25 May 2008 for AED 699,000, last on 4 February 2019 for AED 1,750,000 (AED 908 per sqft).
  • Rented since July 2014 on 5 Ejari contracts, at AED 144,000 a year.
  • At AED 144,000 a year the gross yield on the 2019 price is 8.2%, 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 4 February 2019.

Questions about 1502, Rimal 5

What did unit 1502 last sell for?

AED 1,750,000 on 4 February 2019: AED 908 per sqft for 1,925 sqft. The unit has 2 registered sales; the first was AED 699,000 in May 2008.

What is the rent for unit 1502?

AED 144,000 a year on the contract renewed on 7 July 2018. The previous contract, from July 2017, was AED 144,000; the unit has been rented since July 2014.

How big is unit 1502?

1,925 sqft (178.8 sqm): a three-bedroom apartment on the 15th floor of a 40-storey tower completed in 2007.

What is unit 1502 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 1502, Rimal 5

Starts from the last sale price (AED 1.75M, 4 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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