2-bed · 1,199 sqftLa Rive Building 1, La Mer · 5th floor · completed 2022

513, La Rive Building 1

Sold prices and rental history: sold twice, last in May 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 513 · DLD and Ejari recordsUpdated 8 August 2024
Last soldAED 2.95M2 May 2023
Current rentAED 175K /yr8 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 513, La Rive Building 1

What is 513 worth today?

Last sold for AED 2,950,000 in 2023

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8 Aug 2024RentedRenewal
AED 175,000/yr12 months · AED 146 per sqft
8 Aug 2023RentedNew contract
AED 175,000/yr12 months · AED 146 per sqft
2 May 2023SoldReady
AED 2,950,000AED 2,460 per sqft
21 Feb 2021Sold by developerOff-plan
AED 2,164,000AED 1,785 per sqft

Source: Dubai Land Department. Updated 8 August 2024.

Key facts

Type
2-bed apartment
Size
1,199 sqft
Floor
5th of 5
Parking
A-077
Developer
PDLM Residential
Completed
2022
Last sold
AED 2.95M · May 2023

About 513, La Rive Building 1

513 is a two-bedroom apartment of 1,199 sqft on the 5th floor of La Rive Building 1, a 5-storey tower in La Mer completed in 2022 by PDLM Residential . It last sold on 2 May 2023 for AED 2,950,000, or AED 2,460 per sqft, 9% above the AED 2,263 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 8 August 2024, is AED 175,000 a year: a gross yield of 5.9% on the 2023 price.

Sales and rents for 513 over time

Sales
Unit 513, each saleTypical two-bed in La Rive Building 1
2M3M20192021202320252027Typical sale price by year: 2019 AED 2,376,500; 2021 AED 2,053,000; 2022 AED 2,950,000; 2023 AED 3,000,000; 2026 AED 3,350,000Sold by developer, February 2021: AED 2,164,000 (AED 1,785 per sqft)Sold, May 2023: AED 2,950,000 (AED 2,460 per sqft)

513 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 513, each contractTypical two-bed in La Rive Building 1
180K200K20232024202520262027Typical rent by year: 2023 AED 180,000; 2024 AED 180,000; 2025 AED 180,000; 2026 AED 200,000New contract, August 2023: AED 175,000 a yearRenewal, August 2024: AED 175,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in La Rive Building 1, and where 513 sits

All 33 2-beds →

513 last sold in May 2023 at AED 2,460 per sqft, 9% above what two-beds in La Rive Building 1 were fetching at the time (AED 2,263). Over the last 12 months two-beds sold for AED 3,100,000 to 5,233,340, around AED 2,764 per sqft, and rent for AED 140,000 to 250,000 a year. 513's AED 175,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Apr 20263,350,000
15 Apr 20263,100,000
6 Feb 20265,233,340
23 Jun 20254,600,000
3 2-bed sales in the last 12 months

La Rive Building 1

Building

84 apartments, 1-bed to 5-bed over 5 floors in La Mer, completed in 2022 by PDLM Residential . 4 sold in the last 12 months.

Typical price per sqft
AED 2,673
Typical sale
AED 3.23M
Typical rent
AED 165K /yr
Typical yield
5.6%
La Rive Building 1, La Mer: prices, sales and rents →

Other units on the 5th floor

All 84 units in La Rive Building 1
Value
5012-bedAED 4.1M · Oct 2022
5022-bedAED 2.54M · Nov 2019
5031-bedAED 1.75M · Nov 2019
5041-bedAED 1.77M · Jul 2019
5055-bedAED 17M · Feb 2022
5061-bedAED 2.7M · Mar 2023
5072-bedAED 3M · Oct 2023
1–7 of 14

513, La Rive Building 1 in numbers

  • Sold twice: first on 21 February 2021 for AED 2,164,000, last on 2 May 2023 for AED 2,950,000 (AED 2,460 per sqft).
  • Rented since August 2023 on 2 Ejari contracts, at AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2023 price is 5.9%.
  • Two-beds in La Rive Building 1 sold for AED 3,100,000–5,233,340 in the 12 months to November 2026; the building's median across all types is AED 2,673 per sqft.

Source: Dubai Land Department. Updated 8 August 2024.

Questions about 513, La Rive Building 1

What did unit 513 last sell for?

AED 2,950,000 on 2 May 2023: AED 2,460 per sqft for 1,199 sqft. The unit has 2 registered sales; the first was AED 2,164,000 in February 2021.

What is the rent for unit 513?

AED 175,000 a year on the contract renewed on 8 August 2024. The previous contract, from August 2023, was AED 175,000.

How big is unit 513?

1,199 sqft (111.4 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2022.

What is unit 513 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in La Rive Building 1 sold for AED 3,100,000 to 5,233,340 in the last 12 months, around AED 2,764 per sqft.

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Mortgage on 513, La Rive Building 1

Starts from the last sale price (AED 2.95M, 2 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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