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3-bed · 1,925 sqftRimal 5, Jumeirah Beach Residence · 23rd floor · completed 2007

2302, Rimal 5

Sold prices and rental history: sold 6 times, last in August 2023, and rented once, from March 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 30 August 2023
Last soldAED 2.55M30 August 2023
Current rentAED 160K /yr18 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2302, Rimal 5

What is 2302 worth today?

Last sold for AED 2,550,000 in 2023

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30 Aug 2023SoldReady
AED 2,550,000AED 1,324 per sqft
18 Mar 2022RentedNew contract
AED 160,000/yr12 months · AED 83 per sqft
15 Oct 2020SoldReady
AED 1,000,000AED 519 per sqft
4 Feb 2015SoldReady
AED 2,500,000AED 1,298 per sqft
17 Oct 2012SoldReady
AED 1,800,000AED 935 per sqft
27 Jan 2008SoldReady
AED 2,400,000AED 1,247 per sqft
15 Nov 2007Sold by developerReady
AED 699,000AED 363 per sqft

Source: Dubai Land Department. Updated 30 August 2023.

Key facts

Type
3-bed apartment
Size
1,925 sqft
Floor
23rd of 40
Parking
B196-7
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 2.55M · August 2023
Building
Rimal 5

About 2302, Rimal 5

2302 is a three-bedroom apartment of 1,925 sqft on the 23rd floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 August 2023 for AED 2,550,000, or AED 1,324 per sqft, 5% below the AED 1,400 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 18 March 2022. The current contract, signed on 18 March 2022, is AED 160,000 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 30,700 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, 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, November 2007: AED 699,000 (AED 363 per sqft)Sold, January 2008: AED 2,400,000 (AED 1,247 per sqft)Sold, October 2012: AED 1,800,000 (AED 935 per sqft)Sold, February 2015: AED 2,500,000 (AED 1,298 per sqft)Sold, October 2020: AED 1,000,000 (AED 519 per sqft)Sold, August 2023: AED 2,550,000 (AED 1,324 per sqft)

2302 has sold 6 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2302, 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, March 2022: AED 160,000 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 2302 sits

All 148 3-beds →

2302 last sold in August 2023 at AED 1,324 per sqft, 5% below what three-beds in Rimal 5 were fetching at the time (AED 1,400). 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. 2302's AED 160,000 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 23rd floor

All 198 units in Rimal 5
Value
23013-bedAED 699K · Apr 2008
23034-bedAED 949K · Nov 2013
23044-bedAED 3.3M · Jul 2023
23053-bedAED 3.3M · Jun 2012
23063-bedAED 3M · Nov 2012

2302, Rimal 5 in numbers

  • Sold 6 times: first on 15 November 2007 for AED 699,000, last on 30 August 2023 for AED 2,550,000 (AED 1,324 per sqft).
  • Rented since March 2022 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2023 price is 6.3%, 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 30 August 2023.

Questions about 2302, Rimal 5

What did unit 2302 last sell for?

AED 2,550,000 on 30 August 2023: AED 1,324 per sqft for 1,925 sqft. The unit has 6 registered sales; the first was AED 699,000 in November 2007.

What is the rent for unit 2302?

AED 160,000 a year on the contract signed on 18 March 2022.

How big is unit 2302?

1,925 sqft (178.8 sqm): a three-bedroom apartment on the 23rd floor of a 40-storey tower completed in 2007.

What is unit 2302 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 2302, Rimal 5

Starts from the last sale price (AED 2.55M, 30 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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