3-bed · 1,813 sqftRimal 6, Jumeirah Beach Residence · 16th floor · completed 2007

1602, Rimal 6

Sold prices and rental history: sold 3 times, last in July 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 21 August 2017
Last soldAED 2M1 July 2012
Current rentAED 175K /yr21 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, Rimal 6

What is 1602 worth today?

Last sold for AED 2,000,000 in 2012

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21 Aug 2017RentedNew contract
AED 175,000/yr12 months · AED 97 per sqft
30 Dec 2016RentedRenewal
AED 178,560/yr12 months · AED 99 per sqft
30 Dec 2015RentedNew contract
AED 170,000/yr12 months · AED 94 per sqft
11 Nov 2014RentedNew contract
AED 185,000/yr12 months · AED 102 per sqft
11 Nov 2013RentedNew contract
AED 175,000/yr12 months · AED 97 per sqft
1 Jul 2012SoldReady
AED 2,000,000AED 1,102 per sqft
3 Apr 2008SoldReady
AED 2,375,000AED 1,309 per sqft
20 Feb 2008Sold by developerReady
AED 349,500AED 192 per sqft

Source: Dubai Land Department. Updated 21 August 2017.

Key facts

Type
3-bed apartment
Size
1,813 sqft
Floor
16th of 37
Parking
M245/246
Developer
Dubai Properties
Completed
2007
Service charge
AED 33,200 /yr
Last sold
AED 2M · July 2012
Building
Rimal 6

About 1602, Rimal 6

1602 is a three-bedroom apartment of 1,813 sqft on the 16th floor of Rimal 6, a 37-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 July 2012 for AED 2,000,000, or AED 1,102 per sqft, in line with the AED 1,097 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 21 August 2017, is AED 175,000 a year: a gross yield of 8.8% on the 2012 price, before the service charge of about AED 33,200 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical three-bed in Rimal 6
02M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,300,000; 2010 AED 1,627,500; 2011 AED 1,600,000; 2012 AED 2,225,000; 2013 AED 2,265,000; 2014 AED 2,699,000; 2015 AED 2,600,000; 2018 AED 2,112,500; 2019 AED 2,250,000; 2020 AED 1,650,000; 2022 AED 2,050,000; 2023 AED 3,325,000; 2024 AED 3,250,000; 2025 AED 2,985,000Sold by developer, February 2008: AED 349,500 (AED 192 per sqft)Sold, April 2008: AED 2,375,000 (AED 1,309 per sqft)Sold, July 2012: AED 2,000,000 (AED 1,102 per sqft)

1602 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1602, each contractTypical three-bed in Rimal 6
150K2012201620202024Typical rent by year: 2012 AED 136,000; 2013 AED 150,000; 2014 AED 170,000; 2015 AED 175,000; 2016 AED 170,000; 2017 AED 170,000; 2018 AED 152,000; 2019 AED 137,000; 2020 AED 120,000; 2021 AED 120,000; 2022 AED 137,038; 2023 AED 165,000; 2024 AED 186,250; 2025 AED 185,000; 2026 AED 160,000New contract, November 2013: AED 175,000 a yearNew contract, November 2014: AED 185,000 a yearNew contract, December 2015: AED 170,000 a yearRenewal, December 2016: AED 178,560 a yearNew contract, August 2017: AED 175,000 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 6, and where 1602 sits

All 85 3-beds →

1602 last sold in July 2012 at AED 1,102 per sqft, in line with what three-beds in Rimal 6 were fetching at the time (AED 1,097). Over the last 12 months three-beds sold for AED 2,300,000 to 4,300,000, around AED 1,820 per sqft, and rent for AED 50,000 to 300,000 a year. 1602's AED 175,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Sep 20262,300,000
12 Apr 20264,300,000
24 Oct 20253,750,000
4 Jun 20252,970,000
2 3-bed sales in the last 12 months

Rimal 6

Building

138 apartments, 1-bed to 4-bed over 37 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 5 sold in the last 12 months.

Typical price per sqft
AED 1,757
Typical sale
AED 2.5M
Typical rent
AED 160K /yr
Typical yield
5.3%
Rimal 6, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 16th floor

All 138 units in Rimal 6
Value
16013-bedAED 1.55M · May 2020
16033-bedAED 3.3M · Feb 2023
16043-bedAED 699K · Dec 2008

1602, Rimal 6 in numbers

  • Sold 3 times: first on 20 February 2008 for AED 349,500, last on 1 July 2012 for AED 2,000,000 (AED 1,102 per sqft).
  • Rented since November 2013 on 5 Ejari contracts, at AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2012 price is 8.8%, before a service charge of about AED 33,200 a year (AED 18.33 per sqft).
  • Three-beds in Rimal 6 sold for AED 2,300,000–4,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,757 per sqft.

Source: Dubai Land Department. Updated 21 August 2017.

Questions about 1602, Rimal 6

What did unit 1602 last sell for?

AED 2,000,000 on 1 July 2012: AED 1,102 per sqft for 1,813 sqft. The unit has 3 registered sales; the first was AED 349,500 in February 2008.

What is the rent for unit 1602?

AED 175,000 a year on the contract signed on 21 August 2017. The previous contract, from December 2016, was AED 178,560; the unit has been rented since November 2013.

How big is unit 1602?

1,813 sqft (168.4 sqm): a three-bedroom apartment on the 16th floor of a 37-storey tower completed in 2007.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Rimal 6 sold for AED 2,300,000 to 4,300,000 in the last 12 months, around AED 1,820 per sqft.

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Mortgage on 1602, Rimal 6

Starts from the last sale price (AED 2M, 1 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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