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

505, Rimal 1

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 16 March 2023
Last soldAED 1.21M16 March 2023
Current rentAED 83K /yr3 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Rimal 1

What is 505 worth today?

Last sold for AED 1,208,870 in 2023

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16 Mar 2023SoldReady
AED 1,208,870AED 1,093 per sqft
3 Apr 2020RentedRenewal
AED 82,500/yr12 months · AED 74 per sqft
3 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 81 per sqft
12 Nov 2017RentedNew contract
AED 105,000/yr12 months · AED 95 per sqft
1 Mar 2017RentedNew contract
AED 105,000/yr12 months · AED 95 per sqft
23 Apr 2016RentedRenewal
AED 125,000/yr12 months · AED 113 per sqft
23 Apr 2013RentedNew contract
AED 115,000/yr12 months · AED 104 per sqft
13 Feb 2013SoldReady
AED 1,300,000AED 1,176 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 March 2023.

Key facts

Type
1-bed apartment
Size
1,105 sqft
Floor
5th of 47
Parking
G242
Developer
Dubai Properties
Completed
2007
Service charge
AED 17,400 /yr
Last sold
AED 1.21M · March 2023
Building
Rimal 1

About 505, Rimal 1

505 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. It last sold on 16 March 2023 for AED 1,208,870, or AED 1,093 per sqft, 4% above the AED 1,054 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 3 April 2020, is AED 82,500 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 17,400 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, December 2012: AED 1,155,000 (AED 1,045 per sqft)Sold, February 2013: AED 1,300,000 (AED 1,176 per sqft)Sold, March 2023: AED 1,208,870 (AED 1,093 per sqft)

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

Rents
Unit 505, each contractTypical one-bed in Rimal 1
100K2012201620202024Typical 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 2013: AED 115,000 a yearRenewal, April 2016: AED 125,000 a yearNew contract, March 2017: AED 105,000 a yearNew contract, November 2017: AED 105,000 a yearNew contract, April 2019: AED 90,000 a yearRenewal, April 2020: AED 82,500 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 505 sits

All 37 1-beds →

505 last sold in March 2023 at AED 1,093 per sqft, 4% above what one-beds in Rimal 1 were fetching at the time (AED 1,054).

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
5031-bedAED 475K · Jun 2011
5041-bedAED 960K · Sep 2019
5061-bedAED 950K · May 2021
5073-bedAED 1.58M · Jun 2020
5083-bedAED 1.61M · Jan 2022

505, Rimal 1 in numbers

  • Sold 3 times: first on 26 December 2012 for AED 1,155,000, last on 16 March 2023 for AED 1,208,870 (AED 1,093 per sqft).
  • Rented since April 2013 on 6 Ejari contracts, from AED 115,000 to AED 82,500 a year.
  • At AED 82,500 a year the gross yield on the 2023 price is 6.8%, 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 16 March 2023.

Questions about 505, Rimal 1

What did unit 505 last sell for?

AED 1,208,870 on 16 March 2023: AED 1,093 per sqft for 1,105 sqft. The unit has 3 registered sales; the first was AED 1,155,000 in December 2012.

What is the rent for unit 505?

AED 82,500 a year on the contract renewed on 3 April 2020. The previous contract, from April 2019, was AED 90,000; the unit has been rented since April 2013.

How big is unit 505?

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 505 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 505, Rimal 1

Starts from the last sale price (AED 1.21M, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,208,870
Deposit, UAE resident (20%)
AED 241,774
Deposit, non-resident (40%)
AED 483,548
Monthly over 25 years at 3.7%
AED 4,946

Plus AED 55,783 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →