4-bed · 2,674 sqftRimal 5, Jumeirah Beach Residence · 3rd floor · completed 2007

304, Rimal 5

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

Unit 304 · DLD and Ejari recordsUpdated 1 April 2016
Last soldAED 3M8 January 2014
Current rentAED 160K /yr1 April 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Rimal 5

What is 304 worth today?

Last sold for AED 3,000,000 in 2014

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1 Apr 2016RentedRenewal
AED 160,000/yr12 months · AED 60 per sqft
1 Apr 2015RentedNew contract
AED 160,000/yr12 months · AED 60 per sqft
15 Mar 2014RentedNew contract
AED 160,000/yr12 months · AED 60 per sqft
8 Jan 2014SoldReady
AED 3,000,000AED 1,121 per sqft
11 Dec 2012SoldReady
AED 2,407,000AED 900 per sqft
7 Oct 2012Sold by developerReady
AED 2,407,000AED 900 per sqft

Source: Dubai Land Department. Updated 1 April 2016.

Key facts

Type
4-bed apartment
Size
2,674 sqft
Floor
3rd of 40
Parking
B279/280
Developer
Dubai Properties
Completed
2007
Service charge
AED 42,600 /yr
Last sold
AED 3M · January 2014
Building
Rimal 5

About 304, Rimal 5

304 is a four-bedroom apartment of 2,674 sqft on the 3rd floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 8 January 2014 for AED 3,000,000, or AED 1,121 per sqft, 72% above the AED 650 four-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 1 April 2016, is AED 160,000 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 42,600 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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, October 2012: AED 2,407,000 (AED 900 per sqft)Sold, December 2012: AED 2,407,000 (AED 900 per sqft)Sold, January 2014: AED 3,000,000 (AED 1,121 per sqft)

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

Rents
Unit 304, 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, March 2014: AED 160,000 a yearNew contract, April 2015: AED 160,000 a yearRenewal, April 2016: AED 160,000 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 304 sits

All 48 4-beds →

304 last sold in January 2014 at AED 1,121 per sqft, 72% above what four-beds in Rimal 5 were fetching at the time (AED 650). 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. 304's AED 160,000 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 3rd floor

All 198 units in Rimal 5
Value
3013-bedAED 3.1M · Oct 2024
3023-bedAED 2.96M · May 2008
3034-bedAED 475K · May 2009
3053-bedAED 3M · May 2023
3063-bedAED 3.35M · Mar 2022

304, Rimal 5 in numbers

  • Sold 3 times: first on 7 October 2012 for AED 2,407,000, last on 8 January 2014 for AED 3,000,000 (AED 1,121 per sqft).
  • Rented since March 2014 on 3 Ejari contracts, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 42,600 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 1 April 2016.

Questions about 304, Rimal 5

What did unit 304 last sell for?

AED 3,000,000 on 8 January 2014: AED 1,121 per sqft for 2,674 sqft. The unit has 3 registered sales; the first was AED 2,407,000 in October 2012.

What is the rent for unit 304?

AED 160,000 a year on the contract renewed on 1 April 2016. The previous contract, from April 2015, was AED 160,000; the unit has been rented since March 2014.

How big is unit 304?

2,674 sqft (248.4 sqm): a four-bedroom apartment on the 3rd floor of a 40-storey tower completed in 2007.

What is unit 304 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 304, Rimal 5

Starts from the last sale price (AED 3M, 8 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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