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

505, Rimal 5

Sold prices and rental history: sold twice, last in March 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 23 March 2021
Last soldAED 2.3M23 March 2021
Current rentAED 130K /yr27 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Rimal 5

What is 505 worth today?

Last sold for AED 2,300,000 in 2021

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23 Mar 2021SoldReady
AED 2,300,000AED 1,195 per sqft
27 Jun 2020RentedRenewal
AED 130,000/yr12 months · AED 67 per sqft
27 Jun 2019RentedNew contract
AED 140,000/yr12 months · AED 73 per sqft
27 Oct 2011Sold by developerReady
AED 349,500AED 181 per sqft

Source: Dubai Land Department. Updated 23 March 2021.

Key facts

Type
3-bed apartment
Size
1,925 sqft
Floor
5th of 40
Parking
M198-99
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 2.3M · March 2021
Building
Rimal 5

About 505, Rimal 5

505 is a three-bedroom apartment of 1,925 sqft on the 5th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 23 March 2021 for AED 2,300,000, or AED 1,195 per sqft, 43% above the AED 838 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 27 June 2020, is AED 130,000 a year: a gross yield of 5.7% on the 2021 price, before the service charge of about AED 30,700 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, October 2011: AED 349,500 (AED 181 per sqft)Sold, March 2021: AED 2,300,000 (AED 1,195 per sqft)

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

Rents
Unit 505, 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, June 2019: AED 140,000 a yearRenewal, June 2020: AED 130,000 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 505 sits

All 148 3-beds →

505 last sold in March 2021 at AED 1,195 per sqft, 43% above what three-beds in Rimal 5 were fetching at the time (AED 838). 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. 505's AED 130,000 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 5th floor

All 198 units in Rimal 5
Value
5013-bedAED 699K · Dec 2007
5023-bedAED 1.17M · Oct 2007
5034-bedAED 4.9M · Sep 2021
5044-bedAED 3.1M · Dec 2023
5063-bedAED 3.08M · Mar 2023

505, Rimal 5 in numbers

  • Sold twice: first on 27 October 2011 for AED 349,500, last on 23 March 2021 for AED 2,300,000 (AED 1,195 per sqft).
  • Rented since June 2019 on 2 Ejari contracts, from AED 140,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 5.7%, 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 23 March 2021.

Questions about 505, Rimal 5

What did unit 505 last sell for?

AED 2,300,000 on 23 March 2021: AED 1,195 per sqft for 1,925 sqft. The unit has 2 registered sales; the first was AED 349,500 in October 2011.

What is the rent for unit 505?

AED 130,000 a year on the contract renewed on 27 June 2020. The previous contract, from June 2019, was AED 140,000.

How big is unit 505?

1,925 sqft (178.8 sqm): a three-bedroom apartment on the 5th floor of a 40-storey tower completed in 2007.

What is unit 505 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 505, Rimal 5

Starts from the last sale price (AED 2.3M, 23 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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