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

305, Rimal 5

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 2 May 2023
Last soldAED 3M2 May 2023
Current rentAED 125K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Rimal 5

What is 305 worth today?

Last sold for AED 3,000,000 in 2023

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2 May 2023SoldReady
AED 3,000,000AED 1,558 per sqft
1 Sep 2022RentedRenewal
AED 125,000/yr12 months · AED 65 per sqft
1 Sep 2021RentedRenewal
AED 115,000/yr12 months · AED 60 per sqft
1 Sep 2020RentedNew contract
AED 110,000/yr12 months · AED 57 per sqft
15 Jul 2019RentedRenewal
AED 165,000/yr12 months · AED 86 per sqft
15 Jul 2018RentedRenewal
AED 180,000/yr12 months · AED 93 per sqft
15 Jul 2017RentedRenewal
AED 180,000/yr12 months · AED 93 per sqft
15 Jul 2016RentedRenewal
AED 180,000/yr12 months · AED 93 per sqft

Source: Dubai Land Department. Updated 2 May 2023.

Key facts

Type
3-bed apartment
Size
1,925 sqft
Floor
3rd of 40
Parking
B164-5
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 3M · May 2023
Building
Rimal 5

About 305, Rimal 5

305 is a three-bedroom apartment of 1,925 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 2 May 2023 for AED 3,000,000, or AED 1,558 per sqft, 9% above the AED 1,435 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 125,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 30,700 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical three-bed in Rimal 5
02M4M2007201220172022Typical 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, April 2008: AED 349,500 (AED 181 per sqft)Sold, May 2023: AED 3,000,000 (AED 1,558 per sqft)

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

Rents
Unit 305, 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 160,000 a yearRenewal, July 2014: AED 175,000 a yearRenewal, July 2015: AED 180,000 a yearRenewal, July 2016: AED 180,000 a yearRenewal, July 2017: AED 180,000 a yearRenewal, July 2018: AED 180,000 a yearRenewal, July 2019: AED 165,000 a yearNew contract, September 2020: AED 110,000 a yearRenewal, September 2021: AED 115,000 a yearRenewal, September 2022: AED 125,000 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 305 sits

All 148 3-beds →

305 last sold in May 2023 at AED 1,558 per sqft, 9% above what three-beds in Rimal 5 were fetching at the time (AED 1,435). 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. 305's AED 125,000 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 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
3044-bedAED 3M · Jan 2014
3063-bedAED 3.35M · Mar 2022

305, Rimal 5 in numbers

  • Sold twice: first on 3 April 2008 for AED 349,500, last on 2 May 2023 for AED 3,000,000 (AED 1,558 per sqft).
  • Rented since July 2013 on 10 Ejari contracts. The rent fell from AED 160,000 to AED 110,000 in 2020 and recovered to AED 125,000 by September 2022.
  • At AED 125,000 a year the gross yield on the 2023 price is 4.2%, 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 2 May 2023.

Questions about 305, Rimal 5

What did unit 305 last sell for?

AED 3,000,000 on 2 May 2023: AED 1,558 per sqft for 1,925 sqft. The unit has 2 registered sales; the first was AED 349,500 in April 2008.

What is the rent for unit 305?

AED 125,000 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 115,000; the unit has been rented since July 2013.

How big is unit 305?

1,925 sqft (178.8 sqm): a three-bedroom apartment on the 3rd floor of a 40-storey tower completed in 2007.

What is unit 305 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 305, Rimal 5

Starts from the last sale price (AED 3M, 2 May 2023). 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 →