701, Rimal 5
Sold prices and rental history: sold 3 times, last in February 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Rimal 5
What is 701 worth today?
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Source: Dubai Land Department. Updated 22 February 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,923 sqft
- Floor
- 7th of 40
- Parking
- M186-7
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 30,700 /yr
- Last sold
- AED 2.3M · February 2023
- Building
- Rimal 5
About 701, Rimal 5
701 is a three-bedroom apartment of 1,923 sqft on the 7th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 22 February 2023 for AED 2,300,000, or AED 1,195 per sqft, 9% below the AED 1,311 three-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 30 December 2022, is AED 180,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 30,700 a year.
Sales and rents for 701 over time
701 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 701 sits
All 148 3-beds →701 last sold in February 2023 at AED 1,195 per sqft, 9% below what three-beds in Rimal 5 were fetching at the time (AED 1,311). 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. 701's AED 180,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 1,926 sqft | 4,950,000 | 2,570 | ||
| 22 Dec 202522 December 2025 | 1,926 sqft | 4,900,000 | 2,544 | ||
| 19 Dec 202519 December 2025 | 1,926 sqft | 5,000,000 | 2,596 | ||
| 15 Dec 202515 December 2025 | 2,456 sqft | 5,050,000 | 2,056 |
Rimal 5
Building198 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%
Other units on the 7th floor
All 198 units in Rimal 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 1,928 sqft | AED 699KAED 699,000 · Dec 2008December 2008 | 190,000 /yr | |
| 703 | 4-bed | 2,679 sqft | AED 3.78MAED 3,783,000 · May 2008May 2008 | 215,250 /yr | |
| 704 | 4-bed | 2,674 sqft | AED 2.37MAED 2,368,470 · Apr 2022April 2022 | ||
| 705 | 3-bed | 1,925 sqft | AED 699KAED 699,000 · Apr 2008April 2008 | 185,000 /yr | |
| 706 | 3-bed | 1,925 sqft | AED 699KAED 699,000 · Jul 2007July 2007 | 122,000 /yr |
701, Rimal 5 in numbers
- Sold 3 times: first on 26 February 2014 for AED 699,000, last on 22 February 2023 for AED 2,300,000 (AED 1,195 per sqft).
- Rented since May 2016 on 7 Ejari contracts. The rent fell from AED 270,000 to AED 110,000 in 2020 and recovered to AED 180,000 by December 2022.
- At AED 180,000 a year the gross yield on the 2023 price is 7.8%, 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 22 February 2023.
Questions about 701, Rimal 5
What did unit 701 last sell for?
AED 2,300,000 on 22 February 2023: AED 1,195 per sqft for 1,923 sqft. The unit has 3 registered sales; the first was AED 699,000 in February 2014.
What is the rent for unit 701?
AED 180,000 a year on the contract signed on 30 December 2022. The previous contract, from August 2020, was AED 110,000; the unit has been rented since May 2016.
How big is unit 701?
1,923 sqft (178.7 sqm): a three-bedroom apartment on the 7th floor of a 40-storey tower completed in 2007.
What is unit 701 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 701, Rimal 5
Starts from the last sale price (AED 2.3M, 22 February 2023). 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 →