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2-bed · 1,388 sqftRimal 1, Jumeirah Beach Residence · 10th floor · completed 2007

1003, Rimal 1

Sold prices and rental history: sold once, by the developer in July 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 3 June 2024
Last soldAED 820K2 July 2013
Current rentAED 125K /yr3 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Rimal 1

What is 1003 worth today?

Last sold for AED 820,000 in 2013

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3 Jun 2024RentedNew contract
AED 125,000/yr12 months · AED 90 per sqft
5 Oct 2022RentedNew contract
AED 125,000/yr12 months · AED 90 per sqft
24 Sep 2021RentedRenewal
AED 85,000/yr12 months · AED 61 per sqft
24 Sep 2020RentedNew contract
AED 85,000/yr12 months · AED 61 per sqft
2 Jul 2013Sold by developerReady
AED 820,000AED 590 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 June 2024.

Key facts

Type
2-bed apartment
Size
1,388 sqft
Floor
10th of 47
Parking
B591
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,800 /yr
Last sold
AED 820K · July 2013
Building
Rimal 1

About 1003, Rimal 1

1003 is a two-bedroom apartment of 1,388 sqft on the 10th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 2 July 2013 for AED 820,000, or AED 590 per sqft, 45% below the AED 1,067 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 3 June 2024, is AED 125,000 a year: a gross yield of 15.2% on the 2013 price, before the service charge of about AED 21,800 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical two-bed in Rimal 1
1M2M2007201220172022Typical sale price by year: 2007 AED 820,000; 2008 AED 830,000; 2009 AED 1,183,333; 2010 AED 1,440,000; 2011 AED 1,252,000; 2012 AED 1,375,000; 2013 AED 1,400,000; 2014 AED 2,300,000; 2015 AED 2,000,000; 2016 AED 1,750,000; 2017 AED 1,800,000; 2018 AED 1,600,000; 2019 AED 1,315,000; 2020 AED 1,175,000; 2021 AED 1,411,111; 2022 AED 1,800,000; 2023 AED 1,797,500; 2024 AED 2,085,000; 2025 AED 2,000,000Sold by developer, July 2013: AED 820,000 (AED 590 per sqft)

1003 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1003, each contractTypical two-bed in Rimal 1
75K100K125K2012201620202024Typical rent by year: 2012 AED 109,688; 2013 AED 111,703; 2014 AED 129,826; 2015 AED 132,825; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 115,000; 2019 AED 100,118; 2020 AED 85,000; 2021 AED 80,000; 2022 AED 95,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 135,000; 2026 AED 131,250New contract, September 2020: AED 85,000 a yearRenewal, September 2021: AED 85,000 a yearNew contract, October 2022: AED 125,000 a yearNew contract, June 2024: AED 125,000 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 Rimal 1, and where 1003 sits

All 205 2-beds →

1003 last sold in July 2013 at AED 590 per sqft, 45% below what two-beds in Rimal 1 were fetching at the time (AED 1,067). Over the last 12 months two-beds sold for AED 2,200,000 to 2,250,000, around AED 1,582 per sqft, and rent for AED 105,000 to 220,000 a year. 1003's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Jan 20262,200,000
29 Jul 2025700,000
16 Jul 20251,916,850
30 Jun 20252,000,000
2 2-bed sales in the last 12 months

Rimal 1

Building

310 apartments, 1-bed to 4-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 4 sold in the last 12 months.

Typical price per sqft
AED 1,545
Typical sale
AED 2.43M
Typical rent
AED 132K /yr
Typical yield
6.0%
Rimal 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 310 units in Rimal 1
Value
10013-bedAED 2.6M · Oct 2024
10023-bedAED 1.64M · Nov 2009
10042-bedAED 1.8M · Jan 2017
10052-bedAED 1M · Aug 2013
10062-bedAED 1.78M · Apr 2023
10073-bedAED 699K · Aug 2012
10083-bedAED 875K · May 2008

1003, Rimal 1 in numbers

  • Sold once: by Dubai Properties on 2 July 2013 for AED 820,000, or AED 590 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 85,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2013 price is 15.2%, before a service charge of about AED 21,800 a year (AED 15.73 per sqft).
  • Two-beds in Rimal 1 sold for AED 2,200,000–2,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,545 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 3 June 2024.

Questions about 1003, Rimal 1

What did unit 1003 last sell for?

AED 820,000 on 2 July 2013, sold by the developer: AED 590 per sqft for 1,388 sqft. It is the only registered sale of the unit.

What is the rent for unit 1003?

AED 125,000 a year on the contract signed on 3 June 2024. The previous contract, from October 2022, was AED 125,000; the unit has been rented since September 2020.

How big is unit 1003?

1,388 sqft (128.9 sqm): a two-bedroom apartment on the 10th floor of a 47-storey tower completed in 2007.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 1 sold for AED 2,200,000 to 2,250,000 in the last 12 months, around AED 1,582 per sqft.

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Mortgage on 1003, Rimal 1

Starts from the last sale price (AED 820K, 2 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

Plus AED 39,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →