3-bed · 1,813 sqftRimal 6, Jumeirah Beach Residence · 5th floor · completed 2007

503, Rimal 6

Sold prices and rental history: sold 4 times, last in April 2019, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 15 April 2019
Last soldAED 2.5M15 April 2019
Current rentAED 170K /yr15 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Rimal 6

What is 503 worth today?

Last sold for AED 2,500,000 in 2019

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15 Apr 2019SoldReady
AED 2,500,000AED 1,378 per sqft
15 Nov 2017RentedRenewal
AED 170,000/yr12 months · AED 94 per sqft
15 Nov 2016RentedNew contract
AED 170,000/yr12 months · AED 94 per sqft
31 Oct 2013SoldReady
AED 3,000,000AED 1,654 per sqft
14 Nov 2007SoldReady
AED 2,950,000AED 1,626 per sqft
4 Nov 2007Sold by developerReady
AED 699,000AED 385 per sqft

Source: Dubai Land Department. Updated 15 April 2019.

Key facts

Type
3-bed apartment
Size
1,813 sqft
Floor
5th of 37
Parking
B011-2
Developer
Dubai Properties
Completed
2007
Service charge
AED 33,200 /yr
Last sold
AED 2.5M · April 2019
Building
Rimal 6

About 503, Rimal 6

503 is a three-bedroom apartment of 1,813 sqft on the 5th floor of Rimal 6, a 37-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 15 April 2019 for AED 2,500,000, or AED 1,378 per sqft, 16% above the AED 1,185 three-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 15 November 2017, is AED 170,000 a year: a gross yield of 6.8% on the 2019 price, before the service charge of about AED 33,200 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical three-bed in Rimal 6
2M2007201220172022Typical 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, November 2007: AED 2,950,000 (AED 1,626 per sqft)Sold by developer, November 2007: AED 699,000 (AED 385 per sqft)Sold, October 2013: AED 3,000,000 (AED 1,654 per sqft)Sold, April 2019: AED 2,500,000 (AED 1,378 per sqft)

503 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 503, 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 2016: AED 170,000 a yearRenewal, November 2017: AED 170,000 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 503 sits

All 85 3-beds →

503 last sold in April 2019 at AED 1,378 per sqft, 16% above what three-beds in Rimal 6 were fetching at the time (AED 1,185). 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. 503's AED 170,000 is in the lower 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 5th floor

All 138 units in Rimal 6
Value
5013-bedAED 3M · May 2008
5023-bedAED 3M · Oct 2013
5043-bedAED 699K · Nov 2007

503, Rimal 6 in numbers

  • Sold 4 times: first on 4 November 2007 for AED 699,000, last on 15 April 2019 for AED 2,500,000 (AED 1,378 per sqft).
  • Rented since November 2016 on 2 Ejari contracts, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2019 price is 6.8%, 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 15 April 2019.

Questions about 503, Rimal 6

What did unit 503 last sell for?

AED 2,500,000 on 15 April 2019: AED 1,378 per sqft for 1,813 sqft. The unit has 4 registered sales; the first was AED 699,000 in November 2007.

What is the rent for unit 503?

AED 170,000 a year on the contract renewed on 15 November 2017. The previous contract, from November 2016, was AED 170,000.

How big is unit 503?

1,813 sqft (168.4 sqm): a three-bedroom apartment on the 5th floor of a 37-storey tower completed in 2007.

What is unit 503 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 503, Rimal 6

Starts from the last sale price (AED 2.5M, 15 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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