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3-bed · 1,925 sqftRimal 5, Jumeirah Beach Residence · 16th floor · completed 2007

1602, Rimal 5

Sold prices and rental history: sold twice, last in May 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 17 May 2009
Last soldAED 1.3M17 May 2009
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Rimal 5

What is 1602 worth today?

Last sold for AED 1,300,000 in 2009

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17 May 2009SoldReady
AED 1,300,000AED 675 per sqft
4 May 2008Sold by developerReady
AED 699,000AED 363 per sqft

Source: Dubai Land Department. Updated 17 May 2009.

Key facts

Type
3-bed apartment
Size
1,925 sqft
Floor
16th of 40
Parking
B257-8
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 1.3M · May 2009
Building
Rimal 5

About 1602, Rimal 5

1602 is a three-bedroom apartment of 1,925 sqft on the 16th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 17 May 2009 for AED 1,300,000, or AED 675 per sqft, 86% above the AED 363 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1602 over time

Sales
Unit 1602, 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, May 2009: AED 1,300,000 (AED 675 per sqft)

1602 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1602, 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 183,750

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 1602 sits

All 148 3-beds →

1602 last sold in May 2009 at AED 675 per sqft, 86% above what three-beds in Rimal 5 were fetching at the time (AED 363). 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.

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 16th floor

All 198 units in Rimal 5
Value
16013-bedAED 699K · Mar 2008
16034-bedAED 949K · Oct 2007
16044-bedAED 2.6M · Jan 2013
16053-bedAED 850K · Nov 2011
16063-bedAED 3.5M · Feb 2016

1602, Rimal 5 in numbers

  • Sold twice: first on 4 May 2008 for AED 699,000, last on 17 May 2009 for AED 1,300,000 (AED 675 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 17 May 2009.

Questions about 1602, Rimal 5

What did unit 1602 last sell for?

AED 1,300,000 on 17 May 2009: AED 675 per sqft for 1,925 sqft. The unit has 2 registered sales; the first was AED 699,000 in May 2008.

How big is unit 1602?

1,925 sqft (178.8 sqm): a three-bedroom apartment on the 16th floor of a 40-storey tower completed in 2007.

What is unit 1602 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 1602, Rimal 5

Starts from the last sale price (AED 1.3M, 17 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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