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4-bed · 2,714 sqftRimal 5, Jumeirah Beach Residence · 23rd floor · completed 2007

2304, Rimal 5

Sold prices and rental history: sold 3 times, last in July 2023, and rented once, from November 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2304 · DLD and Ejari recordsUpdated 24 July 2023
Last soldAED 3.3M24 July 2023
Current rentAED 150K /yr1 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2304, Rimal 5

What is 2304 worth today?

Last sold for AED 3,300,000 in 2023

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24 Jul 2023SoldReady
AED 3,300,000AED 1,216 per sqft
1 Nov 2014RentedNew contract
AED 150,000/yr12 months · AED 55 per sqft
1 Aug 2011SoldReady
AED 2,300,000AED 847 per sqft
24 Jul 2011Sold by developerReady
AED 949,000AED 349 per sqft

Source: Dubai Land Department. Updated 24 July 2023.

Key facts

Type
4-bed apartment
Size
2,714 sqft
Floor
23rd of 40
Parking
B198-9
Developer
Dubai Properties
Completed
2007
Service charge
AED 43,300 /yr
Last sold
AED 3.3M · July 2023
Building
Rimal 5

About 2304, Rimal 5

2304 is a four-bedroom apartment of 2,714 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 24 July 2023 for AED 3,300,000, or AED 1,216 per sqft, in line with the AED 1,216 four-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2014. The current contract, signed on 1 November 2014, is AED 150,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 43,300 a year.

Sales and rents for 2304 over time

Sales
Unit 2304, each saleTypical four-bed in Rimal 5
2M4M2007201220172022Typical sale price by year: 2007 AED 949,000; 2008 AED 1,427,000; 2011 AED 2,300,000; 2012 AED 2,407,000; 2013 AED 949,000; 2014 AED 3,275,000; 2015 AED 3,000,000; 2021 AED 3,000,000; 2023 AED 3,200,000; 2024 AED 4,450,000Sold by developer, July 2011: AED 949,000 (AED 349 per sqft)Sold, August 2011: AED 2,300,000 (AED 847 per sqft)Sold, July 2023: AED 3,300,000 (AED 1,216 per sqft)

2304 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2304, each contractTypical four-bed in Rimal 5
150K200K250K2012201620202024Typical rent by year: 2012 AED 180,000; 2013 AED 189,000; 2014 AED 208,950; 2015 AED 215,000; 2016 AED 215,000; 2017 AED 211,399; 2018 AED 202,375; 2019 AED 175,000; 2020 AED 150,000; 2021 AED 155,000; 2022 AED 178,000; 2023 AED 199,755; 2024 AED 220,000; 2025 AED 245,000; 2026 AED 233,500New contract, November 2014: AED 150,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Rimal 5, and where 2304 sits

All 48 4-beds →

2304 last sold in July 2023 at AED 1,216 per sqft, in line with what four-beds in Rimal 5 were fetching at the time (AED 1,216). Over the last 12 months four-beds sold for AED 3,300,000 to 4,927,429, around AED 1,526 per sqft, and rent for AED 180,000 to 270,000 a year. 2304's AED 150,000 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
13 Jul 20263,300,000
9 Feb 20264,927,429
17 Dec 20254,142,917
22 Sep 20255,900,000
3 4-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
23023-bedAED 2.55M · Aug 2023
23034-bedAED 949K · Nov 2013
23053-bedAED 3.3M · Jun 2012
23063-bedAED 3M · Nov 2012

2304, Rimal 5 in numbers

  • Sold 3 times: first on 24 July 2011 for AED 949,000, last on 24 July 2023 for AED 3,300,000 (AED 1,216 per sqft).
  • Rented since November 2014 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 43,300 a year (AED 15.95 per sqft).
  • Four-beds in Rimal 5 sold for AED 3,300,000–4,927,429 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 July 2023.

Questions about 2304, Rimal 5

What did unit 2304 last sell for?

AED 3,300,000 on 24 July 2023: AED 1,216 per sqft for 2,714 sqft. The unit has 3 registered sales; the first was AED 949,000 in July 2011.

What is the rent for unit 2304?

AED 150,000 a year on the contract signed on 1 November 2014.

How big is unit 2304?

2,714 sqft (252.1 sqm): a four-bedroom apartment on the 23rd floor of a 40-storey tower completed in 2007.

What is unit 2304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Rimal 5 sold for AED 3,300,000 to 4,927,429 in the last 12 months, around AED 1,526 per sqft.

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Mortgage on 2304, Rimal 5

Starts from the last sale price (AED 3.3M, 24 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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