L03, Rimal 1
Sold prices and rental history: sold once, by the developer in March 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for L03, Rimal 1
What is L03 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 1,661 sqft
- Floor
- Ground of 47
- Parking
- M600/ M601
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 26,100 /yr
- Last sold
- AED 1.04M · March 2008
- Building
- Rimal 1
About L03, Rimal 1
L03 is a one-bedroom apartment of 1,661 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 19 March 2008 for AED 1,035,000, or AED 623 per sqft, 21% above the AED 515 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 5 October 2025, is AED 187,000 a year: a gross yield of 18.1% on the 2008 price, before the service charge of about AED 26,100 a year.
Sales and rents for L03 over time
L03 has sold once; the dashed line is the one-bed median of each year in the building.
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 L03 sits
All 37 1-beds →L03 last sold in March 2008 at AED 623 per sqft, 21% above what one-beds in Rimal 1 were fetching at the time (AED 515).
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 May 20259 May 2025 | 2,121 sqft | 4,000,000 | 1,886 | ||
| 9 Apr 20259 April 2025 | 1,105 sqft | 1,600,000 | 1,447 | ||
| 23 Oct 202423 October 2024 | 1,105 sqft | 1,650,000 | 1,493 | ||
| 8 Oct 20248 October 2024 | 2,121 sqft | 4,000,000 | 1,886 |
Rimal 1
Building310 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%
Other units on the ground floor
All 310 units in Rimal 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| L01 | 1-bed | 2,121 sqft | AED 1.52MAED 1,520,000 · May 2011May 2011 | 295,000 /yr | |
| L02 | 1-bed | 2,121 sqft | AED 4MAED 4,000,000 · May 2025May 2025 | 270,000 /yr | |
| L04 | 1-bed | 1,313 sqft | AED 805KAED 805,000 · Nov 2012November 2012 | 135,000 /yr | |
| L05 | 1-bed | 1,661 sqft | AED 1.5MAED 1,500,000 · Nov 2019November 2019 | 90,000 /yr | |
| LP1 | 4-bed | 5,062 sqft | AED 6.1MAED 6,095,735 · Jan 2024January 2024 | 1,080,000 /yr | |
| LP2 | 3-bed | 3,090 sqft | AED 3.98MAED 3,980,000 · Mar 2024March 2024 | ||
| LP4 | 4-bed | 4,191 sqft | AED 5.05MAED 5,050,000 · Feb 2023February 2023 |
L03, Rimal 1 in numbers
- Sold once: by Dubai Properties on 19 March 2008 for AED 1,035,000, or AED 623 per sqft.
- Rented since June 2013 on 13 Ejari contracts. The rent fell from AED 175,000 to AED 110,000 in 2022 and recovered to AED 187,000 by October 2025.
- At AED 187,000 a year the gross yield on the 2008 price is 18.1%, before a service charge of about AED 26,100 a year (AED 15.73 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 5 October 2025.
Questions about L03, Rimal 1
What did unit L03 last sell for?
AED 1,035,000 on 19 March 2008, sold by the developer: AED 623 per sqft for 1,661 sqft. It is the only registered sale of the unit.
What is the rent for unit L03?
AED 187,000 a year on the contract renewed on 5 October 2025. The previous contract, from October 2024, was AED 180,000; the unit has been rented since June 2013.
How big is unit L03?
1,661 sqft (154.3 sqm): a one-bedroom apartment on the ground floor of a 47-storey tower completed in 2007.
What is unit L03 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling L03? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on L03, Rimal 1
Starts from the last sale price (AED 1.04M, 19 March 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,035,000
- Deposit, UAE resident (20%)
- AED 207,000
- Deposit, non-resident (40%)
- AED 414,000
- Monthly over 25 years at 3.7%
- AED 4,235
Plus AED 48,480 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →