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1-bed · 1,105 sqftRimal 1, Jumeirah Beach Residence · 5th floor · completed 2007

503, Rimal 1

Sold prices and rental history: sold once, by the developer in June 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 15 September 2021
Last soldAED 475K21 June 2011
Current rentAED 66K /yr15 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Rimal 1

What is 503 worth today?

Last sold for AED 475,000 in 2011

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15 Sep 2021RentedNew contract
AED 66,000/yr12 months · AED 60 per sqft
24 Jul 2019RentedRenewal
AED 70,000/yr12 months · AED 63 per sqft
24 Jul 2018RentedRenewal
AED 90,000/yr12 months · AED 81 per sqft
24 Jul 2017RentedNew contract
AED 90,000/yr12 months · AED 81 per sqft
1 Apr 2016RentedRenewal
AED 105,000/yr12 months · AED 95 per sqft
1 Apr 2015RentedNew contract
AED 105,000/yr12 months · AED 95 per sqft
21 Jun 2011Sold by developerReady
AED 475,000AED 429 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2021.

Key facts

Type
1-bed apartment
Size
1,105 sqft
Floor
5th of 47
Parking
G241
Developer
Dubai Properties
Completed
2007
Service charge
AED 17,400 /yr
Last sold
AED 475K · June 2011
Building
Rimal 1

About 503, Rimal 1

503 is a one-bedroom apartment of 1,105 sqft on the 5th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 21 June 2011 for AED 475,000, or AED 429 per sqft, 40% below the AED 716 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 15 September 2021, is AED 66,000 a year: a gross yield of 13.9% on the 2011 price, before the service charge of about AED 17,400 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, June 2011: AED 475,000 (AED 429 per sqft)

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

Rents
Unit 503, each contractTypical one-bed in Rimal 1
75K100K2012201620202024Typical 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, April 2015: AED 105,000 a yearRenewal, April 2016: AED 105,000 a yearNew contract, July 2017: AED 90,000 a yearRenewal, July 2018: AED 90,000 a yearRenewal, July 2019: AED 70,000 a yearNew contract, September 2021: AED 66,000 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 503 sits

All 37 1-beds →

503 last sold in June 2011 at AED 429 per sqft, 40% below what one-beds in Rimal 1 were fetching at the time (AED 716).

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 5th floor

All 310 units in Rimal 1
Value
5013-bedAED 699K · May 2008
5023-bedAED 2.5M · Feb 2025
5041-bedAED 960K · Sep 2019
5051-bedAED 1.21M · Mar 2023
5061-bedAED 950K · May 2021
5073-bedAED 1.58M · Jun 2020
5083-bedAED 1.61M · Jan 2022

503, Rimal 1 in numbers

  • Sold once: by Dubai Properties on 21 June 2011 for AED 475,000, or AED 429 per sqft.
  • Rented since April 2015 on 6 Ejari contracts, from AED 105,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2011 price is 13.9%, 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 15 September 2021.

Questions about 503, Rimal 1

What did unit 503 last sell for?

AED 475,000 on 21 June 2011, sold by the developer: AED 429 per sqft for 1,105 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 66,000 a year on the contract signed on 15 September 2021. The previous contract, from July 2019, was AED 70,000; the unit has been rented since April 2015.

How big is unit 503?

1,105 sqft (102.7 sqm): a one-bedroom apartment on the 5th floor of a 47-storey tower completed in 2007.

What is unit 503 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 503, Rimal 1

Starts from the last sale price (AED 475K, 21 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

Plus AED 22,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →