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3-bed · 1,926 sqftRimal 5, Jumeirah Beach Residence · 16th floor · completed 2007

1606, Rimal 5

Sold prices and rental history: sold 3 times, last in February 2016, and rented once, from June 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 24 June 2016
Last soldAED 3.5M25 February 2016
Current rentAED 195K /yr24 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1606, Rimal 5

What is 1606 worth today?

Last sold for AED 3,500,000 in 2016

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24 Jun 2016RentedNew contract
AED 195,000/yr12 months · AED 101 per sqft
25 Feb 2016SoldReady
AED 3,500,000AED 1,817 per sqft
26 Dec 2007SoldReady
AED 1,500,000AED 778 per sqft
19 Jul 2007Sold by developerReady
AED 699,000AED 362 per sqft

Source: Dubai Land Department. Updated 24 June 2016.

Key facts

Type
3-bed apartment
Size
1,926 sqft
Floor
16th of 40
Parking
M263-4
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 3.5M · February 2016
Building
Rimal 5

About 1606, Rimal 5

1606 is a three-bedroom apartment of 1,926 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 25 February 2016 for AED 3,500,000, or AED 1,817 per sqft, in line with the AED 1,818 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 June 2016. The current contract, signed on 24 June 2016, is AED 195,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 30,700 a year.

Sales and rents for 1606 over time

Sales
Unit 1606, 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, July 2007: AED 699,000 (AED 362 per sqft)Sold, December 2007: AED 1,500,000 (AED 778 per sqft)Sold, February 2016: AED 3,500,000 (AED 1,817 per sqft)

1606 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1606, 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, June 2016: AED 195,000 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 1606 sits

All 148 3-beds →

1606 last sold in February 2016 at AED 1,817 per sqft, in line with what three-beds in Rimal 5 were fetching at the time (AED 1,818). 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. 1606's AED 195,000 is in the upper 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 16th floor

All 198 units in Rimal 5
Value
16013-bedAED 699K · Mar 2008
16023-bedAED 1.3M · May 2009
16034-bedAED 949K · Oct 2007
16044-bedAED 2.6M · Jan 2013
16053-bedAED 850K · Nov 2011

1606, Rimal 5 in numbers

  • Sold 3 times: first on 19 July 2007 for AED 699,000, last on 25 February 2016 for AED 3,500,000 (AED 1,817 per sqft).
  • Rented since June 2016 on one Ejari contract, at AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2016 price is 5.6%, 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 24 June 2016.

Questions about 1606, Rimal 5

What did unit 1606 last sell for?

AED 3,500,000 on 25 February 2016: AED 1,817 per sqft for 1,926 sqft. The unit has 3 registered sales; the first was AED 699,000 in July 2007.

What is the rent for unit 1606?

AED 195,000 a year on the contract signed on 24 June 2016.

How big is unit 1606?

1,926 sqft (178.9 sqm): a three-bedroom apartment on the 16th floor of a 40-storey tower completed in 2007.

What is unit 1606 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 1606, Rimal 5

Starts from the last sale price (AED 3.5M, 25 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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