3-bed · 1,925 sqftRimal 5, Jumeirah Beach Residence · 17th floor · completed 2007

1702, Rimal 5

Sold prices and rental history: sold twice, last in December 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 18 December 2016
Last soldAED 2.65M18 December 2016
Current rentAED 100K /yr19 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Rimal 5

What is 1702 worth today?

Last sold for AED 2,650,000 in 2016

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18 Dec 2016SoldReady
AED 2,650,000AED 1,376 per sqft
19 Sep 2015RentedNew contract
AED 100,000/yr12 months · AED 52 per sqft
5 Jul 2014RentedNew contract
AED 154,000/yr12 months · AED 80 per sqft
5 Jul 2013RentedNew contract
AED 140,000/yr9 months · AED 73 per sqft
21 Jan 2013Sold by developerReady
AED 699,000AED 363 per sqft

Source: Dubai Land Department. Updated 18 December 2016.

Key facts

Type
3-bed apartment
Size
1,925 sqft
Floor
17th of 40
Parking
B253-4
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 2.65M · December 2016
Building
Rimal 5

About 1702, Rimal 5

1702 is a three-bedroom apartment of 1,925 sqft on the 17th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 18 December 2016 for AED 2,650,000, or AED 1,376 per sqft, in line with the AED 1,402 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 19 September 2015, is AED 100,000 a year: a gross yield of 3.8% on the 2016 price, before the service charge of about AED 30,700 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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, January 2013: AED 699,000 (AED 363 per sqft)Sold, December 2016: AED 2,650,000 (AED 1,376 per sqft)

1702 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1702, each contractTypical three-bed in Rimal 5
100K150K200K2012201620202024Typical 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 2013: AED 140,000 a yearNew contract, July 2014: AED 154,000 a yearNew contract, September 2015: AED 100,000 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 1702 sits

All 148 3-beds →

1702 last sold in December 2016 at AED 1,376 per sqft, in line with what three-beds in Rimal 5 were fetching at the time (AED 1,402). 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. 1702's AED 100,000 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 17th floor

All 198 units in Rimal 5
Value
17013-bedAED 3.25M · Oct 2023
17034-bedAED 949K · Sep 2007
17044-bedAED 1.85M · Jan 2021
17053-bedAED 2.7M · Apr 2022
17063-bedAED 699K · Mar 2008

1702, Rimal 5 in numbers

  • Sold twice: first on 21 January 2013 for AED 699,000, last on 18 December 2016 for AED 2,650,000 (AED 1,376 per sqft).
  • Rented since July 2013 on 3 Ejari contracts, from AED 140,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2016 price is 3.8%, 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 18 December 2016.

Questions about 1702, Rimal 5

What did unit 1702 last sell for?

AED 2,650,000 on 18 December 2016: AED 1,376 per sqft for 1,925 sqft. The unit has 2 registered sales; the first was AED 699,000 in January 2013.

What is the rent for unit 1702?

AED 100,000 a year on the contract signed on 19 September 2015. The previous contract, from July 2014, was AED 154,000; the unit has been rented since July 2013.

How big is unit 1702?

1,925 sqft (178.8 sqm): a three-bedroom apartment on the 17th floor of a 40-storey tower completed in 2007.

What is unit 1702 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 1702, Rimal 5

Starts from the last sale price (AED 2.65M, 18 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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