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4-bed · 2,674 sqftRimal 5, Jumeirah Beach Residence · 7th floor · completed 2007

704, Rimal 5

Sold prices and rental history: sold 3 times, last in April 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 21 April 2022
Last soldAED 2.37M21 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Rimal 5

What is 704 worth today?

Last sold for AED 2,368,470 in 2022

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21 Apr 2022SoldReady
AED 2,368,470AED 885 per sqft
20 Nov 2007SoldReady
AED 2,600,000AED 972 per sqft
17 Jul 2007Sold by developerReady
AED 949,000AED 354 per sqft

Source: Dubai Land Department. Updated 21 April 2022.

Key facts

Type
4-bed apartment
Size
2,674 sqft
Floor
7th of 40
Parking
B050-1
Developer
Dubai Properties
Completed
2007
Service charge
AED 42,600 /yr
Last sold
AED 2.37M · April 2022
Building
Rimal 5

About 704, Rimal 5

704 is a four-bedroom apartment of 2,674 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 21 April 2022 for AED 2,368,470, or AED 885 per sqft, 20% below the AED 1,103 four-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 704 over time

Sales
Unit 704, 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 2007: AED 949,000 (AED 354 per sqft)Sold, November 2007: AED 2,600,000 (AED 972 per sqft)Sold, April 2022: AED 2,368,470 (AED 885 per sqft)

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

Rents
Unit 704, 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 233,500

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 704 sits

All 48 4-beds →

704 last sold in April 2022 at AED 885 per sqft, 20% below what four-beds in Rimal 5 were fetching at the time (AED 1,103). 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.

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 7th floor

All 198 units in Rimal 5
Value
7013-bedAED 2.3M · Feb 2023
7023-bedAED 699K · Dec 2008
7034-bedAED 3.78M · May 2008
7053-bedAED 699K · Apr 2008
7063-bedAED 699K · Jul 2007

704, Rimal 5 in numbers

  • Sold 3 times: first on 17 July 2007 for AED 949,000, last on 21 April 2022 for AED 2,368,470 (AED 885 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 21 April 2022.

Questions about 704, Rimal 5

What did unit 704 last sell for?

AED 2,368,470 on 21 April 2022: AED 885 per sqft for 2,674 sqft. The unit has 3 registered sales; the first was AED 949,000 in July 2007.

How big is unit 704?

2,674 sqft (248.4 sqm): a four-bedroom apartment on the 7th floor of a 40-storey tower completed in 2007.

What is unit 704 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 704, Rimal 5

Starts from the last sale price (AED 2.37M, 21 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,368,470
Deposit, UAE resident (20%)
AED 473,694
Deposit, non-resident (40%)
AED 947,388
Monthly over 25 years at 3.7%
AED 9,690

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