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1-bed · 2,121 sqftRimal 1, Jumeirah Beach Residence · Ground floor · completed 2007

L01, Rimal 1

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

Unit L01 · DLD and Ejari recordsUpdated 15 June 2022
Last soldAED 1.6M24 May 2011
Current rentAED 295K /yr15 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L01, Rimal 1

What is L01 worth today?

Last sold for AED 1,600,000 in 2011

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15 Jun 2022RentedNew contract
AED 295,000/yr24 months · AED 139 per sqft
30 Sep 2018RentedNew contract
AED 248,619/yr12 months · AED 117 per sqft
1 Oct 2017RentedNew contract
AED 270,000/yr12 months · AED 127 per sqft
15 Jan 2016RentedNew contract
AED 250,000/yr12 months · AED 118 per sqft
19 Jul 2015RentedNew contract
AED 250,000/yr12 months · AED 118 per sqft
24 May 2011Sold by developerReady
AED 1,600,000AED 754 per sqft
24 May 2011SoldReady
AED 1,520,000AED 716 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2022.

Key facts

Type
1-bed apartment
Size
2,121 sqft
Floor
Ground of 47
Parking
M575/ M 576
Developer
Dubai Properties
Completed
2007
Service charge
AED 33,400 /yr
Last sold
AED 1.6M · May 2011
Building
Rimal 1

About L01, Rimal 1

L01 is a one-bedroom apartment of 2,121 sqft on the ground floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 24 May 2011 for AED 1,600,000, or AED 754 per sqft, in line with the AED 735 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 15 June 2022, is AED 295,000 a year: a gross yield of 18.4% on the 2011 price, before the service charge of about AED 33,400 a year.

Sales and rents for L01 over time

Sales
Unit L01, 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, May 2011: AED 1,600,000 (AED 754 per sqft)Sold, May 2011: AED 1,520,000 (AED 716 per sqft)

L01 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit L01, each contractTypical one-bed in Rimal 1
200K2012201620202024Typical 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, July 2015: AED 250,000 a yearNew contract, January 2016: AED 250,000 a yearNew contract, October 2017: AED 270,000 a yearNew contract, September 2018: AED 248,619 a yearNew contract, June 2022: AED 295,000 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 L01 sits

All 37 1-beds →

L01 last sold in May 2011 at AED 754 per sqft, in line with what one-beds in Rimal 1 were fetching at the time (AED 735).

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 132K /yr
Typical yield
6.0%
Rimal 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the ground floor

All 310 units in Rimal 1
Value
L021-bedAED 4M · May 2025
L031-bedAED 1.04M · Mar 2008
L041-bedAED 805K · Nov 2012
L051-bedAED 1.5M · Nov 2019
LP14-bedAED 6.1M · Jan 2024
LP23-bedAED 3.98M · Mar 2024
LP44-bedAED 5.05M · Feb 2023

L01, Rimal 1 in numbers

  • Sold twice: first on 24 May 2011 for AED 1,520,000, last on 24 May 2011 for AED 1,600,000 (AED 754 per sqft).
  • Rented since July 2015 on 5 Ejari contracts, from AED 250,000 to AED 295,000 a year.
  • At AED 295,000 a year the gross yield on the 2011 price is 18.4%, before a service charge of about AED 33,400 a year (AED 15.73 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2022.

Questions about L01, Rimal 1

What did unit L01 last sell for?

AED 1,600,000 on 24 May 2011, sold by the developer: AED 754 per sqft for 2,121 sqft. The unit has 2 registered sales; the first was AED 1,520,000 in May 2011.

What is the rent for unit L01?

AED 295,000 a year on the contract signed on 15 June 2022. The previous contract, from September 2018, was AED 248,619; the unit has been rented since July 2015.

How big is unit L01?

2,121 sqft (197.0 sqm): a one-bedroom apartment on the ground floor of a 47-storey tower completed in 2007.

What is unit L01 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 L01, Rimal 1

Starts from the last sale price (AED 1.6M, 24 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →