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2-bed · 1,405 sqftRimal 1, Jumeirah Beach Residence · 23rd floor · completed 2007

2306, Rimal 1

Sold prices and rental history: sold twice, last in August 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2306 · DLD and Ejari recordsUpdated 12 October 2023
Last soldAED 1.2M1 August 2011
Current rentAED 125K /yr12 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2306, Rimal 1

What is 2306 worth today?

Last sold for AED 1,200,000 in 2011

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12 Oct 2023RentedNew contract
AED 125,000/yr12 months · AED 89 per sqft
1 Oct 2022RentedRenewal
AED 84,000/yr12 months · AED 60 per sqft
1 Oct 2021RentedRenewal
AED 75,000/yr12 months · AED 53 per sqft
1 Oct 2020RentedRenewal
AED 75,000/yr12 months · AED 53 per sqft
1 Oct 2019RentedRenewal
AED 90,000/yr12 months · AED 64 per sqft
1 Oct 2017RentedRenewal
AED 120,000/yr12 months · AED 85 per sqft
1 Oct 2016RentedRenewal
AED 125,000/yr12 months · AED 89 per sqft
1 Oct 2015RentedNew contract
AED 125,000/yr12 months · AED 89 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 October 2023.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
23rd of 47
Parking
B689
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 1.2M · August 2011
Building
Rimal 1

About 2306, Rimal 1

2306 is a two-bedroom apartment of 1,405 sqft on the 23rd floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 August 2011 for AED 1,200,000, or AED 853 per sqft, 7% below the AED 914 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 12 October 2023, is AED 125,000 a year: a gross yield of 10.4% on the 2011 price, before the service charge of about AED 22,100 a year.

Sales and rents for 2306 over time

Sales
Unit 2306, 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 2011: AED 1,687,000 (AED 1,200 per sqft)Sold, August 2011: AED 1,200,000 (AED 853 per sqft)

2306 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2306, each contractTypical two-bed in Rimal 1
100K2012201620202024Typical 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 2012: AED 87,500 a yearRenewal, September 2013: AED 89,503 a yearNew contract, March 2014: AED 125,000 a yearNew contract, October 2015: AED 125,000 a yearRenewal, October 2016: AED 125,000 a yearRenewal, October 2017: AED 120,000 a yearRenewal, October 2019: AED 90,000 a yearRenewal, October 2020: AED 75,000 a yearRenewal, October 2021: AED 75,000 a yearRenewal, October 2022: AED 84,000 a yearNew contract, October 2023: 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 2306 sits

All 205 2-beds →

2306 last sold in August 2011 at AED 853 per sqft, 7% below what two-beds in Rimal 1 were fetching at the time (AED 914). 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. 2306'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 135K /yr
Typical yield
6.0%
Rimal 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 23rd floor

All 310 units in Rimal 1
Value
23012-bedAED 2.2M · Dec 2024
23022-bedAED 1.75M · Feb 2025
23032-bedAED 410K · Jan 2012
23042-bedAED 599K · Jan 2009
23052-bedAED 1.67M · Feb 2013
23082-bedAED 2M · Jan 2015

2306, Rimal 1 in numbers

  • Sold twice: first on 31 July 2011 for AED 1,687,000, last on 1 August 2011 for AED 1,200,000 (AED 853 per sqft).
  • Rented since September 2012 on 11 Ejari contracts. The rent fell from AED 87,500 to AED 75,000 in 2021 and recovered to AED 125,000 by October 2023.
  • At AED 125,000 a year the gross yield on the 2011 price is 10.4%, before a service charge of about AED 22,100 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 12 October 2023.

Questions about 2306, Rimal 1

What did unit 2306 last sell for?

AED 1,200,000 on 1 August 2011: AED 853 per sqft for 1,405 sqft. The unit has 2 registered sales; the first was AED 1,687,000 in July 2011.

What is the rent for unit 2306?

AED 125,000 a year on the contract signed on 12 October 2023. The previous contract, from October 2022, was AED 84,000; the unit has been rented since September 2012.

How big is unit 2306?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 23rd floor of a 47-storey tower completed in 2007.

What is unit 2306 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 2306, Rimal 1

Starts from the last sale price (AED 1.2M, 1 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →