3-bed · 1,925 sqftRimal 5, Jumeirah Beach Residence · 7th floor · completed 2007

706, Rimal 5

Sold prices and rental history: sold once, by the developer in July 2007, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 1 September 2021
Last soldAED 699K18 July 2007
Current rentAED 122K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Rimal 5

What is 706 worth today?

Last sold for AED 699,000 in 2007

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1 Sep 2021RentedRenewal
AED 122,000/yr12 months · AED 63 per sqft
1 Sep 2020RentedNew contract
AED 122,000/yr12 months · AED 63 per sqft
1 Oct 2019RentedRenewal
AED 145,000/yr12 months · AED 75 per sqft
1 Oct 2018RentedNew contract
AED 145,000/yr12 months · AED 75 per sqft
16 Aug 2017RentedRenewal
AED 150,000/yr12 months · AED 78 per sqft
15 Aug 2016RentedNew contract
AED 149,598/yr12 months · AED 78 per sqft
16 Aug 2015RentedRenewal
AED 149,500/yr12 months · AED 78 per sqft
16 Aug 2014RentedRenewal
AED 149,500/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 1 September 2021.

Key facts

Type
3-bed apartment
Size
1,925 sqft
Floor
7th of 40
Parking
M180-1
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,700 /yr
Last sold
AED 699K · July 2007
Building
Rimal 5

About 706, Rimal 5

706 is a three-bedroom apartment of 1,925 sqft on the 7th floor of Rimal 5, a 40-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 18 July 2007 for AED 699,000, or AED 363 per sqft, in line with the AED 362 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 1 September 2021, is AED 122,000 a year: a gross yield of 17.4% on the 2007 price, before the service charge of about AED 30,700 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical three-bed in Rimal 5
2M4M2007201220172022Typical 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, July 2007: AED 699,000 (AED 363 per sqft)

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

Rents
Unit 706, 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, August 2012: AED 130,000 a yearNew contract, August 2013: AED 129,651 a yearRenewal, August 2014: AED 149,500 a yearRenewal, August 2015: AED 149,500 a yearNew contract, August 2016: AED 149,598 a yearRenewal, August 2017: AED 150,000 a yearNew contract, October 2018: AED 145,000 a yearRenewal, October 2019: AED 145,000 a yearNew contract, September 2020: AED 122,000 a yearRenewal, September 2021: AED 122,000 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 706 sits

All 148 3-beds →

706 last sold in July 2007 at AED 363 per sqft, in line with what three-beds in Rimal 5 were fetching at the time (AED 362). 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. 706's AED 122,000 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 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
7044-bedAED 2.37M · Apr 2022
7053-bedAED 699K · Apr 2008

706, Rimal 5 in numbers

  • Sold once: by Dubai Properties on 18 July 2007 for AED 699,000, or AED 363 per sqft.
  • Rented since August 2012 on 10 Ejari contracts, from AED 130,000 to AED 122,000 a year.
  • At AED 122,000 a year the gross yield on the 2007 price is 17.4%, 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 1 September 2021.

Questions about 706, Rimal 5

What did unit 706 last sell for?

AED 699,000 on 18 July 2007, sold by the developer: AED 363 per sqft for 1,925 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 122,000 a year on the contract renewed on 1 September 2021. The previous contract, from September 2020, was AED 122,000; the unit has been rented since August 2012.

How big is unit 706?

1,925 sqft (178.8 sqm): a three-bedroom apartment on the 7th floor of a 40-storey tower completed in 2007.

What is unit 706 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 706, Rimal 5

Starts from the last sale price (AED 699K, 18 July 2007). Switch to today's estimate once you have unlocked it.
Price
AED 699,000
Deposit, UAE resident (20%)
AED 139,800
Deposit, non-resident (40%)
AED 279,600
Monthly over 25 years at 3.7%
AED 2,860

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