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2-bed · 1,309 sqftRimal 1, Jumeirah Beach Residence · 34th floor · completed 2007

3402, Rimal 1

Sold prices and rental history: sold 3 times, last in December 2015, and rented once, from June 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3402 · DLD and Ejari recordsUpdated 14 December 2015
Last soldAED 2M14 December 2015
Current rentAED 29K /yr3 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3402, Rimal 1

What is 3402 worth today?

Last sold for AED 2,000,000 in 2015

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14 Dec 2015SoldReady
AED 2,000,000AED 1,527 per sqft
3 Jun 2015RentedNew contract · flagged as an outlier
AED 29,040/yr15 months · AED 22 per sqft
2 May 2011SoldReady
AED 1,275,000AED 973 per sqft
24 Jan 2011Sold by developerReady
AED 410,000AED 313 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 December 2015.

Key facts

Type
2-bed apartment
Size
1,309 sqft
Floor
34th of 47
Parking
G369
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,600 /yr
Last sold
AED 2M · December 2015
Building
Rimal 1

About 3402, Rimal 1

3402 is a two-bedroom apartment of 1,309 sqft on the 34th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 14 December 2015 for AED 2,000,000, or AED 1,527 per sqft, 5% above the AED 1,458 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 June 2015. The current contract, signed on 3 June 2015, is AED 29,040 a year: a gross yield of 1.5% on the 2015 price, before the service charge of about AED 20,600 a year.

Sales and rents for 3402 over time

Sales
Unit 3402, 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, January 2011: AED 410,000 (AED 313 per sqft)Sold, May 2011: AED 1,275,000 (AED 973 per sqft)Sold, December 2015: AED 2,000,000 (AED 1,527 per sqft)

3402 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3402, 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 131,250

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 3402 sits

All 205 2-beds →

3402 last sold in December 2015 at AED 1,527 per sqft, 5% above what two-beds in Rimal 1 were fetching at the time (AED 1,458). 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. 3402's AED 29,040 is at the bottom 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 34th floor

All 310 units in Rimal 1
Value
34012-bedAED 410K · May 2008
34032-bedAED 1.17M · Nov 2020
34042-bedAED 1.75M · Dec 2007
34052-bedAED 2.2M · Dec 2024
34062-bedAED 1.76M · Aug 2018
34072-bedAED 2.55M · Jul 2008
34082-bedAED 1.07M · Apr 2008

3402, Rimal 1 in numbers

  • Sold 3 times: first on 24 January 2011 for AED 410,000, last on 14 December 2015 for AED 2,000,000 (AED 1,527 per sqft).
  • Rented since June 2015 on one Ejari contract, at AED 29,040 a year.
  • At AED 29,040 a year the gross yield on the 2015 price is 1.5%, before a service charge of about AED 20,600 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 14 December 2015.

Questions about 3402, Rimal 1

What did unit 3402 last sell for?

AED 2,000,000 on 14 December 2015: AED 1,527 per sqft for 1,309 sqft. The unit has 3 registered sales; the first was AED 410,000 in January 2011.

What is the rent for unit 3402?

AED 29,040 a year on the contract signed on 3 June 2015.

How big is unit 3402?

1,309 sqft (121.6 sqm): a two-bedroom apartment on the 34th floor of a 47-storey tower completed in 2007.

What is unit 3402 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 3402, Rimal 1

Starts from the last sale price (AED 2M, 14 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →