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1-bed · 1,105 sqftRimal 1, Jumeirah Beach Residence · 3rd floor · completed 2007

305, Rimal 1

Sold prices and rental history: sold 3 times, last in December 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 9 December 2022
Last soldAED 1.33M9 December 2022
Current rentAED 50K /yr14 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Rimal 1

What is 305 worth today?

Last sold for AED 1,325,000 in 2022

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9 Dec 2022SoldReady
AED 1,325,000AED 1,199 per sqft
24 Oct 2022SoldReady
AED 600,000AED 542 per sqft
14 Aug 2021RentedRenewal
AED 50,000/yr12 months · AED 45 per sqft
14 Aug 2020RentedNew contract
AED 50,000/yr12 months · AED 45 per sqft
17 May 2019RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
17 May 2018RentedNew contract
AED 80,000/yr12 months · AED 72 per sqft
12 Mar 2017RentedRenewal
AED 95,000/yr12 months · AED 86 per sqft
12 Mar 2016RentedNew contract
AED 95,000/yr12 months · AED 86 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 December 2022.

Key facts

Type
1-bed apartment
Size
1,105 sqft
Floor
3rd of 47
Parking
B670
Developer
Dubai Properties
Completed
2007
Service charge
AED 17,400 /yr
Last sold
AED 1.33M · December 2022
Building
Rimal 1

About 305, Rimal 1

305 is a one-bedroom apartment of 1,105 sqft on the 3rd floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 9 December 2022 for AED 1,325,000, or AED 1,199 per sqft, 23% above the AED 973 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 14 August 2021, is AED 50,000 a year: a gross yield of 3.8% on the 2022 price, before the service charge of about AED 17,400 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical one-bed in Rimal 1
1M2M2007201220172022Typical sale price by year: 2007 AED 415,000; 2008 AED 828,000; 2009 AED 1,000,000; 2010 AED 774,800; 2011 AED 1,240,000; 2013 AED 1,220,000; 2014 AED 1,330,000; 2019 AED 980,000; 2022 AED 1,107,500; 2023 AED 1,390,000; 2024 AED 2,345,552Sold by developer, September 2009: AED 1,220,000 (AED 1,104 per sqft)Sold, October 2022: AED 600,000 (AED 542 per sqft)Sold, December 2022: AED 1,325,000 (AED 1,199 per sqft)

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

Rents
Unit 305, each contractTypical one-bed in Rimal 1
50K100K2012201620202024Typical rent by year: 2012 AED 76,150; 2013 AED 95,500; 2014 AED 93,000; 2015 AED 105,000; 2016 AED 100,000; 2017 AED 95,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 71,000; 2021 AED 65,000; 2022 AED 79,500; 2023 AED 95,000; 2024 AED 94,750; 2025 AED 110,000New contract, March 2016: AED 95,000 a yearRenewal, March 2017: AED 95,000 a yearNew contract, May 2018: AED 80,000 a yearRenewal, May 2019: AED 75,000 a yearNew contract, August 2020: AED 50,000 a yearRenewal, August 2021: AED 50,000 a year

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

1-beds in Rimal 1, and where 305 sits

All 37 1-beds →

305 last sold in December 2022 at AED 1,199 per sqft, 23% above what one-beds in Rimal 1 were fetching at the time (AED 973).

Recent 1-bed salesUnit no.Price (AED)Summary
9 May 20254,000,000
9 Apr 20251,600,000
23 Oct 20241,650,000
8 Oct 20244,000,000
0 1-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 3rd floor

All 310 units in Rimal 1
Value
3013-bedAED 2.65M · Oct 2024
302AED 2.8M · Oct 2025
3031-bedAED 400K · Oct 2022
3041-bedAED 2.35M · Jan 2024
3061-bedAED 1.13M · Feb 2010
3073-bedAED 2.1M · Sep 2022
3083-bedAED 2.33M · Nov 2023

305, Rimal 1 in numbers

  • Sold 3 times: first on 9 September 2009 for AED 1,220,000, last on 9 December 2022 for AED 1,325,000 (AED 1,199 per sqft).
  • Rented since March 2016 on 6 Ejari contracts, from AED 95,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 3.8%, before a service charge of about AED 17,400 a year (AED 15.73 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 9 December 2022.

Questions about 305, Rimal 1

What did unit 305 last sell for?

AED 1,325,000 on 9 December 2022: AED 1,199 per sqft for 1,105 sqft. The unit has 3 registered sales; the first was AED 1,220,000 in September 2009.

What is the rent for unit 305?

AED 50,000 a year on the contract renewed on 14 August 2021. The previous contract, from August 2020, was AED 50,000; the unit has been rented since March 2016.

How big is unit 305?

1,105 sqft (102.7 sqm): a one-bedroom apartment on the 3rd floor of a 47-storey tower completed in 2007.

What is unit 305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 305, Rimal 1

Starts from the last sale price (AED 1.33M, 9 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,325,000
Deposit, UAE resident (20%)
AED 265,000
Deposit, non-resident (40%)
AED 530,000
Monthly over 25 years at 3.7%
AED 5,421

Plus AED 60,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →